Brokerages expect H & R Block Inc (NYSE:HRB) to report earnings per share of ($0.91) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for H & R Block’s earnings. The highest EPS estimate is ($0.89) and the lowest is ($0.93). H & R Block reported earnings of ($0.83) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.6%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, December 4th.
According to Zacks, analysts expect that H & R Block will report full-year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.91 to $2.17. For the next fiscal year, analysts expect that the firm will report earnings of $2.06 per share, with EPS estimates ranging from $1.89 to $2.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow H & R Block.
Several research analysts recently commented on HRB shares. Barrington Research reiterated a “buy” rating and issued a $30.00 price target on shares of H & R Block in a research report on Monday. TheStreet lowered H & R Block from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. Jefferies Financial Group started coverage on H & R Block in a research report on Wednesday, November 27th. They issued a “hold” rating and a $28.00 price target for the company. Morgan Stanley dropped their price target on H & R Block from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Finally, ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $27.20.
HRB traded down $0.21 on Wednesday, hitting $23.39. The company had a trading volume of 5,168,261 shares, compared to its average volume of 3,031,356. The company has a market cap of $4.89 billion, a PE ratio of 10.88, a PEG ratio of 1.21 and a beta of 0.22. H & R Block has a 12-month low of $22.96 and a 12-month high of $29.62. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 6.14. The business’s fifty day simple moving average is $24.49 and its 200 day simple moving average is $26.03.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 9th will be given a $0.26 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.04 annualized dividend and a yield of 4.45%. H & R Block’s dividend payout ratio is currently 48.37%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GQ Asset Management LLC bought a new stake in H & R Block in the third quarter worth about $151,000. Public Employees Retirement System of Ohio lifted its stake in H & R Block by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 85,602 shares of the company’s stock worth $2,022,000 after purchasing an additional 567 shares during the last quarter. California State Teachers Retirement System lifted its stake in H & R Block by 0.4% in the third quarter. California State Teachers Retirement System now owns 377,512 shares of the company’s stock worth $8,917,000 after purchasing an additional 1,354 shares during the last quarter. Redwood Investment Management LLC lifted its stake in H & R Block by 36.7% in the third quarter. Redwood Investment Management LLC now owns 30,156 shares of the company’s stock worth $712,000 after purchasing an additional 8,094 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in H & R Block in the third quarter worth about $784,000.
About H & R Block
H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions, and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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