KeyCorp Forecasts Intuit’s FY2028 Earnings (NASDAQ:INTU)

Intuit Inc. (NASDAQ:INTU) – Equities research analysts at KeyCorp issued their FY2028 earnings estimates for shares of Intuit in a report released on Wednesday, August 26th. KeyCorp analyst A. Markgraff anticipates that the software maker will post earnings per share of $26.84 for the year. The consensus estimate for Intuit’s current full-year earnings is $23.07 per share. KeyCorp also issued estimates for Intuit’s Q4 2028 earnings at $4.09 EPS.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm posted $2.75 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS.

Several other analysts have also issued reports on INTU. HSBC lowered their price target on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Daiwa Securities Group lowered their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Intuit in a report on Wednesday, August 26th. Wells Fargo & Company lowered their target price on Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Finally, Weiss Ratings downgraded shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $434.68.

Intuit Trading Down 4.0%

INTU opened at $344.93 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The firm has a market capitalization of $94.35 billion, a PE ratio of 20.90, a P/E/G ratio of 0.93 and a beta of 0.98. The company’s 50-day moving average is $311.12 and its 200 day moving average is $355.31. Intuit has a fifty-two week low of $252.84 and a fifty-two week high of $705.08.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. Intuit’s dividend payout ratio is presently 29.09%.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,146 shares of company stock valued at $662,666 over the last quarter. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit during the 4th quarter worth $25,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Intuit in the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new stake in Intuit in the fourth quarter valued at approximately $33,000. Fiduciary Financial Advisors purchased a new stake in shares of Intuit during the 2nd quarter valued at $25,000. Finally, Sankala Group LLC acquired a new position in Intuit during the 4th quarter valued at about $40,000. Institutional investors own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s Credit Karma business remains a key growth driver, with expansion into additional financial categories and deeper TurboTax integration supporting the possibility of sustained double-digit growth. Intuit’s Credit Karma Expands Reach: Can Double-Digit Growth Last?
• Positive Sentiment: Management is prioritizing acquisitions and guiding for approximately 9%–10% growth in fiscal 2027. Its latest quarterly results also exceeded expectations, with adjusted earnings of $4.03 per share and revenue of $4.35 billion, up 13.7% year over year.
• Positive Sentiment: KeyCorp projected fiscal 2028 earnings of $26.84 per share and fourth-quarter fiscal 2028 earnings of $4.09 per share, indicating continued long-term earnings growth. Intuit analyst estimates
• Neutral Sentiment: Intuit announced an artificial-intelligence partnership with Perplexity to integrate QuickBooks and Mailchimp capabilities into Perplexity’s agentic assistant. The deal could improve product reach, but its financial impact is not yet clear. Intuit and Perplexity Team on AI Integrations
• Negative Sentiment: Several law firms announced or promoted securities class actions against Intuit and certain executives, alleging misleading disclosures about generative-AI risks, TurboTax growth and Mailchimp performance. The firms cite stock losses during class periods generally spanning 2025–2026 and are seeking lead plaintiffs by September 8. The allegations have not been proven, but the volume of notices adds reputational, legal and disclosure risk. Pomerantz class action announcement

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.