H&R Block Target of Unusually High Options Trading (HRB)
H&R Block (NYSE:HRB) was the target of unusually large options trading activity on Wednesday. Traders bought 919 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of approximately 203% compared to the typical volume of 303 put options.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of H&R Block in a research note on Tuesday, April 15th. They now have a $35.00 price target on the stock. Analysts at Zacks downgraded shares of H&R Block from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 2nd. They now have a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.57.
H&R Block (NYSE:HRB) traded up 4.62% on Wednesday, hitting $32.15. The stock had a trading volume of 6,688,843 shares. H&R Block has a 52 week low of $25.98 and a 52 week high of $32.42. The stock has a 50-day moving average of $28.78 and a 200-day moving average of $29.29. The company has a market cap of $8.816 billion and a P/E ratio of 37.07.
H&R Block (NYSE:HRB) last released its earnings data on Wednesday, June 11th. The company reported $1.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $3.23 by $1.56. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company posted $2.54 earnings per share. H&R Block’s revenue was up 16.5% compared to the same quarter last year. Analysts expect that H&R Block will post $1.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, June 12th.
H&R Block, Inc (NYSE:HRB) has subsidiaries that provide tax preparation and banking services.
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