FY2025 Earnings Estimate for Intuit Issued By Scotiabank

Intuit Inc. (NASDAQ:INTU) – Scotiabank issued their FY2025 earnings per share (EPS) estimates for Intuit in a research note issued on Wednesday, January 8th. Scotiabank analyst A. Verkhovski expects that the software maker will earn $14.18 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $700.00 target price on the stock. The consensus estimate for Intuit’s current full-year earnings is $14.07 per share. Scotiabank also issued estimates for Intuit’s FY2026 earnings at $16.12 EPS.

INTU has been the subject of a number of other reports. Barclays decreased their price target on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Morgan Stanley raised their target price on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Piper Sandler reiterated an “overweight” rating and issued a $765.00 price target on shares of Intuit in a research report on Friday. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus dropped their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $737.44.

Intuit Trading Down 1.6 %

Intuit stock opened at $613.22 on Monday. Intuit has a 12-month low of $557.29 and a 12-month high of $714.78. The stock has a market capitalization of $171.65 billion, a PE ratio of 59.54, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25. The firm has a 50 day simple moving average of $649.47 and a 200-day simple moving average of $637.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. Intuit’s revenue was up 10.2% compared to the same quarter last year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be issued a $1.04 dividend. The ex-dividend date is Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.68%. Intuit’s payout ratio is currently 40.39%.

Insider Transactions at Intuit

In related news, EVP Mark P. Notarainni sold 3,649 shares of Intuit stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $646.68, for a total transaction of $2,359,735.32. Following the completion of the sale, the executive vice president now owns 19 shares of the company’s stock, valued at approximately $12,286.92. This trade represents a 99.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the transaction, the insider now owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 293,014 shares of company stock valued at $188,992,187 over the last quarter. Company insiders own 2.68% of the company’s stock.

Institutional Investors Weigh In On Intuit

Several institutional investors have recently made changes to their positions in INTU. American Century Companies Inc. lifted its stake in Intuit by 10.6% in the second quarter. American Century Companies Inc. now owns 51,454 shares of the software maker’s stock valued at $33,816,000 after acquiring an additional 4,913 shares during the last quarter. Main Street Financial Solutions LLC acquired a new position in shares of Intuit during the 2nd quarter worth $205,000. Wrapmanager Inc. raised its holdings in shares of Intuit by 9.4% during the 2nd quarter. Wrapmanager Inc. now owns 362 shares of the software maker’s stock valued at $238,000 after purchasing an additional 31 shares in the last quarter. Prosperity Consulting Group LLC lifted its stake in shares of Intuit by 28.6% in the 2nd quarter. Prosperity Consulting Group LLC now owns 1,066 shares of the software maker’s stock valued at $701,000 after purchasing an additional 237 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in Intuit by 69.6% in the second quarter. J.W. Cole Advisors Inc. now owns 1,864 shares of the software maker’s stock worth $1,225,000 after purchasing an additional 765 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.