H&R Block, Inc. (NYSE:HRB) is scheduled to post its quarterly earnings results after the market closes on Monday, August 28th. Analysts expect H&R Block to post earnings of ($0.62) per share for the quarter.
H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.53 by $0.23. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. H&R Block’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.16 earnings per share. On average, analysts expect H&R Block to post $2 EPS for the current fiscal year and $2.05 EPS for the next fiscal year.
H&R Block, Inc. (HRB) opened at 29.71 on Friday. The firm’s 50-day moving average is $30.50 and its 200 day moving average is $26.30. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 15.60 and a beta of 0.54. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.80.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.23%. H&R Block’s dividend payout ratio (DPR) is 47.76%.
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HRB has been the subject of a number of analyst reports. BTIG Research reissued a “sell” rating and issued a $17.00 price target on shares of H&R Block in a report on Monday, May 1st. Zacks Investment Research cut H&R Block from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Credit Suisse Group reissued a “neutral” rating and issued a $29.00 price target (up from $27.00) on shares of H&R Block in a report on Wednesday, June 14th. BidaskClub cut H&R Block from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Finally, BMO Capital Markets boosted their price target on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. H&R Block presently has a consensus rating of “Hold” and a consensus target price of $27.63.
In related news, insider William C. Cobb sold 387,740 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $31.19, for a total value of $12,093,610.60. Following the completion of the transaction, the insider now directly owns 658,463 shares in the company, valued at $20,537,460.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tom D. Seip sold 6,300 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $29.84, for a total value of $187,992.00. Following the completion of the transaction, the director now owns 91,071 shares of the company’s stock, valued at $2,717,558.64. The disclosure for this sale can be found here. Insiders sold 1,473,471 shares of company stock valued at $45,309,203 over the last quarter. Insiders own 0.63% of the company’s stock.
About H&R Block
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.
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