H & R Block Inc (NYSE:HRB) – Investment analysts at Northcoast Research raised their FY2020 earnings per share (EPS) estimates for H & R Block in a research note issued to investors on Wednesday, June 12th. Northcoast Research analyst K. Mehta now forecasts that the company will post earnings of $2.10 per share for the year, up from their previous forecast of $2.00.
H & R Block (NYSE:HRB) last posted its earnings results on Tuesday, June 11th. The company reported $4.32 EPS for the quarter, topping the Zacks’ consensus estimate of $4.11 by $0.21. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. H & R Block had a return on equity of 364.51% and a net margin of 13.65%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.42 EPS.
Other analysts have also issued research reports about the company. Zacks Investment Research raised H & R Block from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Monday, March 11th. ValuEngine raised H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. H & R Block has an average rating of “Hold” and an average target price of $24.67.
H & R Block stock opened at $28.07 on Thursday. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.35 and a beta of 0.18. H & R Block has a 12 month low of $22.45 and a 12 month high of $29.29. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.16 and a quick ratio of 2.10.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 21st will be issued a $0.26 dividend. This is a positive change from H & R Block’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.71%. H & R Block’s dividend payout ratio (DPR) is presently 46.51%.
Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its stake in shares of H & R Block by 233.4% in the 1st quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock worth $31,000 after buying an additional 950 shares during the last quarter. Rational Advisors LLC boosted its stake in shares of H & R Block by 8,750.0% in the 1st quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock worth $34,000 after buying an additional 1,400 shares during the last quarter. Enlightenment Research LLC purchased a new position in shares of H & R Block in the 4th quarter worth $38,000. Old North State Trust LLC purchased a new position in shares of H & R Block in the 1st quarter worth $39,000. Finally, CSat Investment Advisory L.P. boosted its stake in shares of H & R Block by 36.3% in the 1st quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock worth $54,000 after buying an additional 600 shares during the last quarter. 98.10% of the stock is owned by institutional investors and hedge funds.
About H & R Block
H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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