Intuit - INTU Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last twelve months. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INTU shares.
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22 Wall Street analysts have issued twelve-month target prices for Intuit's stock. Their INTU share price forecasts range from $360.00 to $700.00. On average, they anticipate the company's stock price to reach $529.16 in the next twelve months. This suggests a possible upside of 37.2% from the stock's current price.
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Intuit's stock was trading at $643.22 at the start of the year. Since then, INTU shares have decreased by 40.0% and is now trading at $385.64.
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Intuit saw a drop in short interest in November. As of November 15th, there was short interest totaling 2,110,000 shares, a drop of 17.6% from the October 31st total of 2,560,000 shares. Based on an average daily trading volume, of 1,770,000 shares, the days-to-cover ratio is presently 1.2 days.
View Intuit's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 29th 2022.
View our INTU earnings forecast.

Intuit will be holding an earnings conference call on Tuesday, November 29th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "4061282".

Intuit Inc. (NASDAQ:INTU) released its earnings results on Thursday, November, 18th. The software maker reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.56. The software maker earned $2.01 billion during the quarter, compared to analyst estimates of $1.81 billion. Intuit had a trailing twelve-month return on equity of 16.47% and a net margin of 16.23%. The business's revenue for the quarter was up 51.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share.
Read the conference call transcript.

Intuit declared a quarterly dividend on Tuesday, August 23rd. Investors of record on Monday, October 10th will be paid a dividend of $0.78 per share on Tuesday, October 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for INTU.

Intuit (NASDAQ:INTU) pays an annual dividend of $3.12 per share and currently has a dividend yield of 0.79%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 43.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 29.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INTU.

Intuit updated its first quarter 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $1.14-$1.20 for the period, compared to the consensus estimate of $1.22. The company issued revenue guidance of $2.48 billion-$2.51 billion, compared to the consensus revenue estimate of $2.49 billion.

785 employees have rated Intuit Chief Executive Officer Sasan Goodarzi on Glassdoor.com. Sasan Goodarzi has an approval rating of 92% among the company's employees. This puts Sasan Goodarzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Intuit investors own include NVIDIA (NVDA), Netflix (NFLX), Adobe (ADBE), PayPal (PYPL), Salesforce (CRM), Alibaba Group (BABA), Walt Disney (DIS), Mastercard (MA), Visa (V) and Tesla (TSLA).

Intuit trades on the NASDAQ under the ticker symbol "INTU."

Intuit's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.74%), Price T Rowe Associates Inc. MD (5.87%), State Street Corp (4.03%), Edgewood Management LLC (1.49%), Nicholas Hoffman & Company LLC. (1.26%) and Brown Advisory Inc. (1.25%). Insiders that own company stock include Brad D Smith, Dennis D Powell, Gregory N Johnson, Gregory N Johnson, James Alexander Chriss, Kerry J Mclean, Laura A Fennell, Mark J Flournoy, Mark J Flournoy, Michelle M Clatterbuck, Raul Vazquez, Sasan K Goodarzi, Scott D Cook and Varun Krishna.
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Shares of INTU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INTU stock can currently be purchased for approximately $385.64.

Intuit (NASDAQ:INTU) has a market capitalization of $108.70 billion and generates $12.73 billion in revenue each year. The software maker earns $2.07 billion in net income (profit) each year or $7.25 on an earnings per share basis.

The company employs 17,300 workers across the globe.

Intuit's mailing address is 2700 COAST AVENUE, MOUNTAIN VIEW CA, 94039. The official website for the company is www.intuit.com. The software maker can be reached via phone at (650) 944-6000, via email at investor_relations@intuit.com, or via fax at 650-462-2955.