Brokerages Expect Liberty Tax, Inc. (TAX) to Post ($0.75) EPS
Shares of Liberty Tax, Inc. (NASDAQ:TAX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $18.00 for the company and are anticipating that the company will post ($0.75) earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Tax an industry rank of 197 out of 265 based on the ratings given to related companies.
A number of equities research analysts have issued reports on TAX shares. Zacks Investment Research downgraded Liberty Tax from a “hold” rating to a “strong sell” rating in a research report on Friday, September 8th. ValuEngine downgraded Liberty Tax from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
Hedge funds have recently modified their holdings of the business. Citigroup Inc. raised its position in Liberty Tax by 6.6% during the second quarter. Citigroup Inc. now owns 8,654 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 535 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in Liberty Tax during the second quarter valued at approximately $171,000. Creative Planning raised its position in Liberty Tax by 14,900.0% during the second quarter. Creative Planning now owns 15,000 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 14,900 shares during the period. TIAA CREF Investment Management LLC raised its position in Liberty Tax by 4.4% during the first quarter. TIAA CREF Investment Management LLC now owns 18,876 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 795 shares during the period. Finally, Nationwide Fund Advisors raised its holdings in shares of Liberty Tax by 259.4% in the third quarter. Nationwide Fund Advisors now owns 18,704 shares of the business services provider’s stock worth $269,000 after buying an additional 13,500 shares during the period. Institutional investors and hedge funds own 46.29% of the company’s stock.
Shares of Liberty Tax (TAX) opened at $13.05 on Tuesday. Liberty Tax has a 52-week low of $10.88 and a 52-week high of $16.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.07 and a current ratio of 3.07. The stock has a market capitalization of $166.79, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 23rd. Shareholders of record on Friday, October 13th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.64 dividend on an annualized basis and a yield of 4.90%. Liberty Tax’s dividend payout ratio (DPR) is presently 80.00%.
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Liberty Tax Company Profile
Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.
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