Equities research analysts predict that H & R Block Inc (NYSE:HRB) will post earnings of ($0.76) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for H & R Block’s earnings, with the lowest EPS estimate coming in at ($0.76) and the highest estimate coming in at ($0.75). H & R Block posted earnings per share of ($0.72) in the same quarter last year, which would suggest a negative year over year growth rate of 5.6%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, August 28th.
On average, analysts expect that H & R Block will report full year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.10. For the next year, analysts expect that the company will post earnings of $2.01 per share, with EPS estimates ranging from $1.92 to $2.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover H & R Block.
H & R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, June 11th. The company reported $4.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.11 by $0.21. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. The company’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $5.42 EPS.
Several analysts have recently commented on the stock. Morgan Stanley restated an “equal weight” rating and set a $29.00 price objective on shares of H & R Block in a research report on Thursday, June 27th. Zacks Investment Research downgraded shares of H & R Block from a “hold” rating to a “sell” rating and set a $28.00 price objective on the stock. in a research report on Wednesday, May 29th. Northcoast Research downgraded shares of H & R Block from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 9th. Finally, Barrington Research restated an “outperform” rating on shares of H & R Block in a research report on Wednesday, June 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.50.
In other H & R Block news, VP Kellie J. Logerwell sold 3,000 shares of H & R Block stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $28.68, for a total value of $86,040.00. Following the completion of the transaction, the vice president now directly owns 7,941 shares of the company’s stock, valued at approximately $227,747.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co boosted its stake in shares of H & R Block by 83.0% during the 2nd quarter. CENTRAL TRUST Co now owns 915 shares of the company’s stock worth $26,000 after purchasing an additional 415 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of H & R Block by 233.4% during the 1st quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock worth $31,000 after purchasing an additional 950 shares during the period. Rational Advisors LLC boosted its stake in shares of H & R Block by 8,750.0% during the 1st quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock worth $34,000 after purchasing an additional 1,400 shares during the period. Tiverton Asset Management LLC purchased a new position in shares of H & R Block during the 2nd quarter worth about $46,000. Finally, Pearl River Capital LLC purchased a new position in shares of H & R Block during the 2nd quarter worth about $55,000. 98.10% of the stock is owned by hedge funds and other institutional investors.
Shares of HRB stock traded up $0.27 on Monday, hitting $27.52. 2,583,900 shares of the stock traded hands, compared to its average volume of 2,307,561. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.37 and a beta of 0.24. H & R Block has a 52 week low of $22.96 and a 52 week high of $29.62. The firm has a 50 day simple moving average of $28.03 and a two-hundred day simple moving average of $26.35. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.16 and a quick ratio of 2.16.
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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