H&R Block Sees Unusually High Options Volume (HRB)
H&R Block (NYSE:HRB) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 8,688 put options on the company, AR Network reports. This represents an increase of approximately 624% compared to the average volume of 1,200 put options.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of H&R Block (NYSE:HRB) from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday. They now have a $33.00 price target on the stock, up previously from $25.00. Separately, analysts at Canaccord Genuity cut their price target on shares of H&R Block (NYSE:HRB) from $24.00 to $22.15 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush cut their price target on shares of H&R Block (NYSE:HRB) from $36.00 to $34.00 in a research note to investors on Wednesday, September 4th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $30.16.
H&R Block (NYSE:HRB) traded up 0.29% on Wednesday, hitting $27.94. The stock had a trading volume of 3,510,897 shares. H&R Block has a 52 week low of $16.44 and a 52 week high of $32.09. The stock’s 50-day moving average is $27.9 and its 200-day moving average is $28.78. The company has a market cap of $7.652 billion and a price-to-earnings ratio of 18.01.
H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by $0.05. The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $98.40 million. During the same quarter in the previous year, the company posted ($0.38) earnings per share. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. Analysts expect that H&R Block will post $1.76 EPS for the current fiscal year.
H&R Block, Inc (NYSE:HRB) has subsidiaries that provide tax preparation and banking services.
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