H&R Block (NYSE: HRB) has recently received a number of price target changes and ratings updates:

  • 9/22/2016 – H&R Block was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “H&R Block has intensified focus on its core operations and has divested its non-core operations. The company has chalked up a capital plan to ensure enough liquidity and enhance shareholder value. It also remains focused on boosting client base and lower costs, which in turn, will drive strong free cash flows. H&R Block projects long-term EBITDA guidance between 28% and 32%. However, the divestiture of the bank unit involves certain one-time charges and also led to revenue decline and margin contraction for H&R Block. Unfavorable foreign currency translation is another headwind. With respect to its earnings performance, the tax preparer has posted negative surprise in three of the last four quarters owing to the seasonality of its tax business. However, there were no earnings momentum for fiscal 2017 over the last 30 days though for the fiscal 2018, the Zacks Consensus Estimate moved south by a couple of cents.”
  • 9/12/2016 – H&R Block was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “H&R Block has intensified focus on its core operations and has divested its non-core operations. The company has chalked up a capital plan to ensure enough liquidity and enhance shareholder value. It also remains focused on boosting client base and lower costs, which in turn, will drive strong free cash flows. However, the divestiture of the bank unit involves certain one-time charges and also led to revenue decline and margin contraction. Unfavorable foreign currency translation is another headwind. The company projects long-term EBITDA guidance between 28% and 32%. With respect to its earnings performance, the tax preparer has posted negative surprise in three of the last four quarters owing to the seasonality of its tax business. However, there were no earnings momentum for fiscal 2017 over the last 30 days though for the fiscal 2018, the Zacks Consensus Estimate moved south by a couple of cents.”
  • 9/1/2016 – H&R Block was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “H&R Block posted wider-than-expected loss in first quarter fiscal 2017. Owing to the seasonality of its tax business, it typically reports loss in the fiscal first quarter. The sale of H&R Block Bank has such a severe impact on the results in the reported quarter that even cost-cut efforts and lower share count failed to arrest the bottom-line deterioration. However, H&R Block has intensified focus on its core operations and has divested its non-core operations. The company has chalked up a capital plan to ensure enough liquidity and enhance shareholder value. It also remains focused on boosting client base and lower costs, which in turn, will drive strong free cash flows. However, the divestiture of the bank unit involves certain one-time charges and also led to revenue decline and margin contraction. Unfavorable foreign currency translation is another headwind. The company projects long-term EBITDA guidance between 28% and 32%.”
  • 9/1/2016 – H&R Block had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 8/31/2016 – H&R Block had its price target raised by analysts at BMO Capital Markets from $23.00 to $24.00. They now have a “market perform” rating on the stock.
  • 8/31/2016 – H&R Block had its “overweight” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $28.00 price target on the stock, down previously from $29.00.
  • 8/31/2016 – H&R Block had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $26.00 price target on the stock.
  • 8/31/2016 – H&R Block had its “neutral” rating reaffirmed by analysts at BTIG Research.
  • 8/25/2016 – H&R Block is now covered by analysts at Macquarie. They set an “outperform” rating and a $28.00 price target on the stock.

Shares of H&R Block Inc. (NYSE:HRB) traded up 1.14% during mid-day trading on Thursday, reaching $23.10. The company’s stock had a trading volume of 619,265 shares. The firm has a market cap of $5.06 billion, a PE ratio of 15.63 and a beta of 0.80. H&R Block Inc. has a one year low of $19.18 and a one year high of $37.53. The firm’s 50 day moving average is $23.27 and its 200 day moving average is $23.38.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($0.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by $0.02. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. The company had revenue of $125 million for the quarter. During the same period in the previous year, the company earned ($0.35) earnings per share. The business’s quarterly revenue was down 9.4% on a year-over-year basis. On average, equities analysts anticipate that H&R Block Inc. will post $1.74 earnings per share for the current fiscal year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/recent-research-analysts-ratings-updates-for-hr-block-hrb.html

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Monday, September 12th. H&R Block’s dividend payout ratio is presently 52.69%.

In other news, insider Jeffrey Brown sold 16,067 shares of H&R Block stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $22.86, for a total transaction of $367,291.62. Following the completion of the sale, the insider now owns 118,513 shares of the company’s stock, valued at $2,709,207.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory J. Macfarlane purchased 4,618 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were bought at an average cost of $21.65 per share, with a total value of $99,979.70. Following the purchase, the senior vice president now directly owns 121,707 shares of the company’s stock, valued at approximately $2,634,956.55. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

5 Day Chart for NYSE:HRB

Receive News & Ratings for H&R Block Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc and related companies with MarketBeat.com's FREE daily email newsletter.