H&R Block Given Average Rating of “Buy” by Analysts (NYSE:HRB)
Shares of H&R Block (NYSE:HRB) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $33.46.
Several analysts have recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of H&R Block from $34.00 to $36.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Barrington Research raised their price target on shares of H&R Block from $35.00 to $37.00 in a research note on Thursday. Finally, 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.
Shares of H&R Block (NYSE:HRB) traded up 1.78% on Thursday, hitting $32.52. 1,360,063 shares of the company’s stock traded hands. H&R Block has a 52-week low of $25.98 and a 52-week high of $32.50. The stock has a 50-day moving average of $28.87 and a 200-day moving average of $29.32. The company has a market cap of $8.918 billion and a price-to-earnings ratio of 38.54. H&R Block also was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 3,224,379 shares, a decrease of 34.8% from the April 30th total of 4,944,204 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 2,447,809 shares, the days-to-cover ratio is presently 1.3 days.
H&R Block (NYSE:HRB) last announced its earnings results 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. On average, analysts predict that H&R Block will post $2.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, June 12th.
H&R Block, Inc (NYSE:HRB) has subsidiaries that provide tax preparation and banking services.
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