H&R Block Upgraded by TheStreet to Buy (HRB)
Shares of H&R Block (NYSE:HRB) traded up 0.65% during mid-day trading on Friday, hitting $32.57. 849,291 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 $32.77. The stock’s 50-day moving average is $29.02 and its 200-day moving average is $29.34. The company has a market cap of $8.931 billion and a price-to-earnings ratio of 39.03. H&R Block also was the recipient of a large decrease in short interest in the month of 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. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 2,447,809 shares, the short-interest ratio is currently 1.3 days.
H&R Block (NYSE:HRB) last issued its quarterly 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. 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 2.47%. The ex-dividend date is Thursday, June 12th.
A number of other firms have also recently commented on HRB. 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. H&R Block presently has a consensus rating of “Buy” and an average price target of $33.46.
H&R Block, Inc (NYSE:HRB) has subsidiaries that provide tax preparation and banking services.
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