H & R Block Receives Consensus Recommendation of “Buy” from Analysts (NYSE:HRB)
Shares of H & R Block (NYSE:HRB) have received an average rating of “Buy” from the ten analysts that are presently covering the stock, Analyst Ratings Network reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $34.89.
Shares of H & R Block (NYSE:HRB) traded up 0.60% during mid-day trading on Tuesday, hitting $33.73. The stock had a trading volume of 264,828 shares. H & R Block has a 1-year low of $25.98 and a 1-year high of $33.92. The stock’s 50-day moving average is $32.81 and its 200-day moving average is $30.89. The company has a market cap of $9.250 billion and a P/E ratio of 19.49.
H & R Block (NYSE:HRB) last released its earnings data on Wednesday, June 11th. The company reported $1.67 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $2.54 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts expect that H & R Block will post $1.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Tuesday, September 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, September 5th.
A number of research firms have recently commented on HRB. 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. Separately, 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.
H&R Block, Inc (NYSE:HRB) through its subsidiaries provides tax preparation and banking services.
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