Liberty Tax (TAX) Posts Quarterly Results
Liberty Tax (NYSE:TAX) announced its earnings results on Thursday. The company reported ($0.63) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.54) by $0.09, AnalystRatings.Net reports. The company had revenue of $7.84 million for the quarter, compared to the consensus estimate of $9.05 million. During the same quarter in the prior year, the company posted $2.30 earnings per share.
Several analysts have recently commented on the stock. Analysts at Barrington Research raised their price target on shares of Liberty Tax from $33.00 to $37.00 in a research note on Thursday, June 19th. Analysts at TheStreet upgraded shares of Liberty Tax from a “hold” rating to a “buy” rating in a research note on Tuesday, June 17th.
Shares of Liberty Tax (NYSE:TAX) opened at 34.90 on Thursday. Liberty Tax has a 52-week low of $16.28 and a 52-week high of $35.98. The stock’s 50-day moving average is $34.72 and its 200-day moving average is $29.58. The company has a market cap of $499.4 million and a P/E ratio of 23.08.
Liberty Tax Inc, formerly JTH Holding, Inc, is a holding company engaged through its subsidiaries as a franchisor and operator of a system of income tax preparation offices located in the United States and Canada.
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