H & R Block’s (HRB) Outperform Rating Reiterated at Barrington Research

H & R Block (NYSE:HRB)‘s stock had its “outperform” rating restated by equities researchers at Barrington Research in a research report issued on Wednesday, Zacks.com reports. Barrington Research also issued estimates for H & R Block’s Q1 2020 earnings at ($0.76) EPS, Q4 2020 earnings at $4.28 EPS and FY2020 earnings at $1.96 EPS.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. ValuEngine upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.60.

Shares of NYSE HRB opened at $28.43 on Wednesday. H & R Block has a twelve month low of $22.45 and a twelve month high of $29.29. The company has a market capitalization of $5.77 billion, a P/E ratio of 13.22, a PEG ratio of 1.38 and a beta of 0.18. The company has a quick ratio of 2.10, a current ratio of 2.16 and a debt-to-equity ratio of 2.76.

H & R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, June 11th. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.21. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business earned $5.42 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts expect that H & R Block will post 2.03 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its stake in H & R Block by 233.4% during the 1st quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock valued at $31,000 after buying an additional 950 shares during the last quarter. Rational Advisors LLC raised its stake in H & R Block by 8,750.0% during the 1st quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock valued at $34,000 after buying an additional 1,400 shares during the last quarter. Enlightenment Research LLC purchased a new stake in H & R Block during the 4th quarter valued at $38,000. Old North State Trust LLC purchased a new stake in H & R Block during the 1st quarter valued at $39,000. Finally, CSat Investment Advisory L.P. raised its stake in H & R Block by 36.3% during the 1st quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock valued at $54,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 98.10% of the company’s stock.

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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