H & R Block Inc (NYSE:HRB) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.81.
A number of brokerages have commented on HRB. BTIG Research reiterated a “sell” rating and issued a $21.00 target price on shares of H & R Block in a report on Sunday, March 11th. ValuEngine upgraded shares of H & R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of H & R Block from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, February 6th. Goldman Sachs began coverage on shares of H & R Block in a report on Tuesday, March 27th. They issued a “neutral” rating and a $28.00 target price for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $28.00 target price (up from $27.00) on shares of H & R Block in a report on Wednesday, March 7th.
Hedge funds have recently modified their holdings of the company. Jane Street Group LLC grew its stake in shares of H & R Block by 428.4% during the third quarter. Jane Street Group LLC now owns 157,081 shares of the company’s stock worth $4,160,000 after acquiring an additional 127,356 shares during the last quarter. Sei Investments Co. grew its stake in shares of H & R Block by 64.6% during the third quarter. Sei Investments Co. now owns 20,244 shares of the company’s stock worth $550,000 after acquiring an additional 7,946 shares during the last quarter. American International Group Inc. grew its stake in shares of H & R Block by 610.5% during the fourth quarter. American International Group Inc. now owns 471,272 shares of the company’s stock worth $12,357,000 after acquiring an additional 404,941 shares during the last quarter. Legal & General Group Plc grew its stake in shares of H & R Block by 0.9% during the third quarter. Legal & General Group Plc now owns 1,242,280 shares of the company’s stock worth $32,899,000 after acquiring an additional 11,614 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of H & R Block by 217.3% during the third quarter. Wells Fargo & Company MN now owns 1,374,306 shares of the company’s stock worth $36,392,000 after acquiring an additional 941,182 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.
H & R Block stock traded down $0.33 during trading hours on Friday, reaching $25.51. The stock had a trading volume of 2,693,479 shares, compared to its average volume of 3,104,110. The company has a market capitalization of $5,402.34, a PE ratio of 13.02, a P/E/G ratio of 0.85 and a beta of 0.29. The company has a debt-to-equity ratio of -3.27, a quick ratio of 1.93 and a current ratio of 1.93. H & R Block has a 52 week low of $22.82 and a 52 week high of $31.80.
H & R Block (NYSE:HRB) last announced its earnings results on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.29) by $0.13. The business had revenue of $488.00 million during the quarter, compared to the consensus estimate of $459.14 million. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.49) earnings per share. equities analysts predict that H & R Block will post 2.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Tuesday, March 13th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.76%. H & R Block’s payout ratio is 48.98%.
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H & R Block Company Profile
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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