H&R Block Sees Unusually Large Options Volume (HRB)
Shares of H&R Block (NYSE:HRB) saw unusually large options trading activity on Friday. Stock investors purchased 10,082 put options on the stock, AnalystRatings.NET reports. This represents an increase of approximately 1,090% compared to the typical daily volume of 847 put options.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray upgraded shares of H&R Block from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $36.00 price target on the stock, up previously from $11.00. Separately, analysts at BTIG Research upgraded shares of H&R Block from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $36.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of H&R Block in a research note to investors on Friday, December 20th. They now have a $30.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $31.57.
H&R Block (NYSE:HRB) traded up 1.02% during mid-day trading on Friday, hitting $29.66. 2,858,717 shares of the company’s stock traded hands. H&R Block has a one year low of $23.96 and a one year high of $32.09. The stock’s 50-day moving average is $29.18 and its 200-day moving average is $28.77. The company has a market cap of $8.128 billion and a price-to-earnings ratio of 18.86.
H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, December 10th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.37) by $0.05. The company had revenue of $134.00 million for the quarter, compared to the consensus estimate of $137.85 million. During the same quarter in the previous year, the company posted ($0.37) earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts expect that H&R Block will post $1.69 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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