H & R Block Inc (NYSE:HRB) has been given an average rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.95.
HRB has been the subject of a number of recent analyst reports. Zacks Investment Research raised H & R Block from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, October 3rd. ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Barrington Research restated a “buy” rating and issued a $27.00 target price on shares of H & R Block in a research note on Thursday, August 23rd. Finally, Morgan Stanley reduced their target price on H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, August 29th.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of H & R Block by 20.5% during the 2nd quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock valued at $582,902,000 after buying an additional 4,356,920 shares during the last quarter. Millennium Management LLC raised its stake in shares of H & R Block by 2,092.5% during the 2nd quarter. Millennium Management LLC now owns 3,162,665 shares of the company’s stock valued at $72,046,000 after buying an additional 3,018,414 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of H & R Block by 233.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,768,828 shares of the company’s stock valued at $97,048,000 after buying an additional 2,638,607 shares during the last quarter. Morgan Stanley raised its stake in shares of H & R Block by 327.3% during the 3rd quarter. Morgan Stanley now owns 1,952,712 shares of the company’s stock valued at $50,283,000 after buying an additional 1,495,682 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of H & R Block by 49.4% during the 3rd quarter. Schroder Investment Management Group now owns 3,766,295 shares of the company’s stock valued at $96,982,000 after buying an additional 1,245,692 shares during the last quarter. Institutional investors own 94.64% of the company’s stock.
Shares of H & R Block stock traded up $0.13 during trading on Thursday, reaching $27.65. The company’s stock had a trading volume of 1,783,108 shares, compared to its average volume of 2,687,163. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 1.44 and a beta of 0.09. H & R Block has a 1-year low of $22.45 and a 1-year high of $29.81.
H & R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($0.83) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.93) by $0.10. The firm had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $139.80 million. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.71) EPS. On average, equities research analysts anticipate that H & R Block will post 1.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. H & R Block’s dividend payout ratio (DPR) is 33.56%.
H & R Block Company Profile
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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