Brokerages expect that H & R Block Inc (NYSE:HRB) will post earnings of ($0.92) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for H & R Block’s earnings, with the highest EPS estimate coming in at ($0.91) and the lowest estimate coming in at ($0.93). H & R Block reported earnings of ($0.71) per share during the same quarter last year, which indicates a negative year over year growth rate of 29.6%. The company is scheduled to issue its next quarterly earnings report on Wednesday, December 5th.
According to Zacks, analysts expect that H & R Block will report full-year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.93. For the next year, analysts expect that the firm will report earnings of $2.00 per share, with EPS estimates ranging from $1.90 to $2.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover H & R Block.
H & R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 28th. The company reported ($0.72) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.77) by $0.05. H & R Block had a net margin of 18.66% and a negative return on equity of 461.55%. The company had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $137.57 million. During the same quarter last year, the company posted ($0.62) earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis.
Several brokerages recently issued reports on HRB. ValuEngine upgraded shares of H & R Block from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research cut shares of H & R Block from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Barrington Research restated a “buy” rating and issued a $27.00 target price on shares of H & R Block in a report on Thursday, August 23rd. Finally, Morgan Stanley dropped their target price on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $25.67.
HRB stock traded up $0.40 on Friday, hitting $28.73. The company had a trading volume of 2,806,415 shares, compared to its average volume of 2,632,057. H & R Block has a 12-month low of $22.45 and a 12-month high of $29.81. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 7.79. The stock has a market capitalization of $5.82 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.48 and a beta of 0.07.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, November 30th. H & R Block’s dividend payout ratio is presently 33.56%.
In other news, insider Thomas A. Gerke sold 70,000 shares of H & R Block stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the transaction, the insider now owns 68,073 shares in the company, valued at approximately $1,806,657.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its position in H & R Block by 6.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 34,154 shares of the company’s stock valued at $778,000 after buying an additional 2,172 shares during the period. Tower Research Capital LLC TRC lifted its stake in H & R Block by 103.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $106,000 after acquiring an additional 2,369 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its position in shares of H & R Block by 2.3% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 105,322 shares of the company’s stock worth $2,712,000 after buying an additional 2,373 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of H & R Block by 6.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 40,996 shares of the company’s stock worth $1,055,000 after buying an additional 2,404 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of H & R Block by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 26,656 shares of the company’s stock worth $686,000 after buying an additional 2,444 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.
About H & R Block
H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.
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