H & R Block Inc (NYSE:HRB) – Investment analysts at Oppenheimer raised their FY2020 earnings estimates for H & R Block in a research report issued to clients and investors on Wednesday, June 12th. Oppenheimer analyst S. Schneeberger now expects that the company will earn $1.97 per share for the year, up from their prior estimate of $1.90. Oppenheimer also issued estimates for H & R Block’s Q4 2020 earnings at $4.22 EPS.
A number of other equities research analysts have also recently weighed in on HRB. Zacks Investment Research cut H & R Block from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.67.
HRB opened at $28.07 on Thursday. H & R Block has a 1-year low of $22.45 and a 1-year high of $29.29. The company has a current ratio of 2.16, a quick ratio of 2.10 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $5.71 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.35 and a beta of 0.18.
H & R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, June 11th. The company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.21. H & R Block had a return on equity of 364.51% and a net margin of 13.65%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the business earned $5.42 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 21st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.71%. This is a boost from H & R Block’s previous quarterly dividend of $0.25. H & R Block’s dividend payout ratio is 46.51%.
A number of institutional investors and hedge funds have recently bought and sold shares of HRB. Quadrant Capital Group LLC grew its holdings in shares of H & R Block by 233.4% during the 1st quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock worth $31,000 after purchasing an additional 950 shares in the last quarter. Rational Advisors LLC grew its holdings in shares of H & R Block by 8,750.0% during the 1st quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock worth $34,000 after purchasing an additional 1,400 shares in the last quarter. Enlightenment Research LLC acquired a new stake in shares of H & R Block during the 4th quarter worth $38,000. Old North State Trust LLC acquired a new stake in shares of H & R Block during the 1st quarter worth $39,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of H & R Block by 36.3% during the 1st quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock worth $54,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 98.10% of the company’s stock.
H & R Block Company Profile
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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