H & R Block Inc (NYSE:HRB) – Investment analysts at Oppenheimer issued their Q1 2020 EPS estimates for shares of H & R Block in a report released on Wednesday, June 12th. Oppenheimer analyst S. Schneeberger forecasts that the company will post earnings per share of ($0.71) for the quarter. Oppenheimer also issued estimates for H & R Block’s Q2 2020 earnings at ($0.87) EPS, Q3 2020 earnings at ($0.64) EPS and FY2021 earnings at $2.06 EPS.
HRB has been the topic of several other research reports. Zacks Investment Research lowered H & R Block from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. ValuEngine raised H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of H & R Block in a report on Wednesday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.60.
Shares of HRB stock opened at $28.69 on Friday. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.38 and a beta of 0.18. H & R Block has a 1 year low of $22.45 and a 1 year high of $29.29. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.10 and a current ratio of 2.16.
H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, June 11th. The company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.21. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. H & R Block had a return on equity of 364.51% and a net margin of 13.65%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.42 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HRB. Amundi Pioneer Asset Management Inc. grew its holdings in shares of H & R Block by 92.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock worth $133,986,000 after buying an additional 2,687,319 shares during the last quarter. Norges Bank purchased a new position in shares of H & R Block during the fourth quarter worth about $61,212,000. First Eagle Investment Management LLC grew its holdings in shares of H & R Block by 21.5% during the first quarter. First Eagle Investment Management LLC now owns 7,705,778 shares of the company’s stock worth $184,476,000 after buying an additional 1,363,866 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of H & R Block by 19.2% during the fourth quarter. Bank of New York Mellon Corp now owns 8,417,662 shares of the company’s stock worth $213,556,000 after buying an additional 1,355,760 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of H & R Block during the fourth quarter worth about $32,597,000. 98.10% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 21st will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.62%. This is a positive change from H & R Block’s previous quarterly dividend of $0.25. H & R Block’s dividend payout ratio (DPR) is currently 46.51%.
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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