H&R Block, Inc. Plans Quarterly Dividend of $0.24 (HRB)
H&R Block, Inc. (NYSE:HRB) declared a quarterly dividend on Friday, November 3rd, RTT News reports. Shareholders of record on Monday, December 4th will be given a dividend of 0.24 per share on Tuesday, January 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 3.99%.
H&R Block has raised its dividend by an average of 1.6% per year over the last three years. H&R Block has a payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect H&R Block to earn $2.03 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 47.3%.
H&R Block (NYSE:HRB) traded down $0.43 during mid-day trading on Friday, reaching $24.06. 2,352,877 shares of the company’s stock were exchanged, compared to its average volume of 2,416,500. The firm has a market capitalization of $4.99 billion, a PE ratio of 12.05 and a beta of 0.54.
H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, hitting analysts’ consensus estimates of ($0.62). The business had revenue of $138.00 million for the quarter, compared to analyst estimates of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.56) earnings per share. sell-side analysts expect that H&R Block will post 1.98 EPS for the current fiscal year.
HRB has been the topic of a number of recent analyst reports. BTIG Research reiterated a “sell” rating and issued a $19.00 price objective on shares of H&R Block in a research note on Tuesday, August 29th. Credit Suisse Group reiterated a “neutral” rating and issued a $30.00 price objective (up from $29.00) on shares of H&R Block in a research note on Wednesday, August 30th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of H&R Block in a research note on Thursday, August 31st. Zacks Investment Research lowered H&R Block from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $31.00 price objective on shares of H&R Block in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $26.67.
H&R Block Company Profile
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.
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