H & R Block (HRB) Announces Quarterly Earnings Results, Hits Estimates
H & R Block (NYSE:HRB) posted its quarterly earnings results on Wednesday. The company reported ($0.40) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.40), Analyst Ratings Net reports. The company had revenue of $134.00 million for the quarter, compared to the consensus estimate of $130.18 million. During the same quarter in the previous year, the company posted ($0.40) earnings per share.
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 a related note, 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 equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $34.89.
H & R Block (NYSE:HRB) traded down 0.30% during mid-day trading on Wednesday, hitting $33.50. The stock had a trading volume of 2,767,219 shares. H & R Block has a 52-week low of $25.98 and a 52-week high of $33.92. The stock has a 50-day moving average of $32.83 and a 200-day moving average of $30.92. The company has a market cap of $9.187 billion and a price-to-earnings ratio of 19.53. H & R Block also was the target of some unusual options trading on Tuesday. Stock investors acquired 30,474 put options on the company. This is an increase of 1,855% compared to the typical volume of 1,559 put options.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, September 5th.
H&R Block, Inc (NYSE:HRB) through its subsidiaries provides tax preparation and banking services.
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