H & R Block Inc Announces Quarterly Dividend of $0.20 (HRB)
H & R Block (NYSE:HRB) announced a quarterly dividend on Thursday, August 21st, ARN reports. Investors of record on Tuesday, September 9th will be paid a dividend of 0.20 per share on Wednesday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.36%.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of H & R Block in a research note on Monday, August 11th. They now have a $40.00 price target on the stock, up previously from $37.00. On the ratings front, analysts at TheStreet upgraded shares of H & R Block to a “buy” rating in a research note on Friday, July 11th. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of H & R Block in a research note on Tuesday, July 1st. They now have a $38.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $34.89.
H & R Block (NYSE:HRB) traded up 0.45% on Thursday, hitting $33.83. 1,616,443 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 $33.75. The stock’s 50-day moving average is $32.64 and its 200-day moving average is $30.69. The company has a market cap of $9.278 billion and a price-to-earnings ratio of 19.58. H & R Block also saw unusually large options trading on Wednesday. Stock investors bought 10,080 call options on the stock. This is an increase of 1,128% compared to the average volume of 821 call options.
H & R Block (NYSE:HRB) last announced its earnings results on Wednesday, June 11th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts predict that H & R Block will post $1.98 earnings per share for the current fiscal year.
H&R Block, Inc (NYSE:HRB) through its subsidiaries provides tax preparation and banking services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.