H & R Block Inc (NYSE:HRB) – Equities research analysts at Northcoast Research issued their Q1 2020 earnings per share (EPS) estimates for H & R Block in a note issued to investors on Wednesday, June 12th. Northcoast Research analyst K. Mehta anticipates that the company will post earnings of ($0.75) per share for the quarter. Northcoast Research also issued estimates for H & R Block’s Q2 2020 earnings at ($0.90) EPS, Q3 2020 earnings at ($0.63) EPS and Q4 2020 earnings at $4.38 EPS.
A number of other equities research analysts also recently issued reports on HRB. Zacks Investment Research upgraded H & R Block from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Monday, March 11th. ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Barrington Research restated an “outperform” rating on shares of H & R Block in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $24.60.
Shares of HRB stock opened at $28.43 on Friday. 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 company has a market cap of $5.77 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.38 and a beta of 0.18.
H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, June 11th. The company reported $4.32 earnings per share (EPS) 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 the consensus estimate of $2.32 billion. During the same period in the prior year, the business posted $5.42 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 21st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.66%. This is an increase from H & R Block’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, June 20th. H & R Block’s dividend payout ratio is presently 46.51%.
Several hedge funds and other institutional investors have recently modified their holdings of HRB. Amundi Pioneer Asset Management Inc. raised its holdings in shares of H & R Block by 92.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock worth $133,986,000 after buying an additional 2,687,319 shares during the period. Norges Bank purchased a new stake in shares of H & R Block in the fourth quarter worth approximately $61,212,000. First Eagle Investment Management LLC raised its holdings in shares of H & R Block by 21.5% in the first quarter. First Eagle Investment Management LLC now owns 7,705,778 shares of the company’s stock worth $184,476,000 after buying an additional 1,363,866 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of H & R Block by 19.2% in the fourth quarter. Bank of New York Mellon Corp now owns 8,417,662 shares of the company’s stock worth $213,556,000 after buying an additional 1,355,760 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of H & R Block in the fourth quarter worth approximately $32,597,000. Hedge funds and other institutional investors 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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