Brokers Set Expectations for H & R Block Inc’s Q1 2020 Earnings (NYSE:HRB)

H & R Block Inc (NYSE:HRB) – Research analysts at Oppenheimer issued their Q1 2020 earnings per share estimates for shares of H & R Block in a report released on Wednesday, June 12th. Oppenheimer analyst S. Schneeberger expects that the company will earn ($0.71) per share for the quarter. Oppenheimer also issued estimates for H & R Block’s Q2 2020 earnings at ($0.87) EPS, Q3 2020 earnings at ($0.64) EPS and FY2021 earnings at $2.06 EPS.

Several other analysts also recently weighed in on HRB. Zacks Investment Research downgraded shares of H & R Block from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21st. Barrington Research reiterated an “outperform” rating on shares of H & R Block in a research report on Wednesday. Finally, ValuEngine upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.60.

Shares of NYSE:HRB opened at $28.43 on Friday. The stock has a market capitalization of $5.77 billion, a P/E ratio of 13.22, a PEG ratio of 1.38 and a beta of 0.18. H & R Block has a fifty-two week low of $22.45 and a fifty-two week high of $29.29. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.10 and a current ratio of 2.16.

H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, June 11th. The company reported $4.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.11 by $0.21. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. H & R Block’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $5.42 EPS.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 21st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis 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 is Thursday, June 20th. H & R Block’s payout ratio is 46.51%.

Several hedge funds have recently added to or reduced their stakes in HRB. Creative Planning bought a new stake in shares of H & R Block during the 4th quarter worth about $214,000. CIBC Private Wealth Group LLC raised its position in shares of H & R Block by 23.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 213,548 shares of the company’s stock worth $5,418,000 after buying an additional 40,057 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of H & R Block by 80.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,985 shares of the company’s stock worth $304,000 after buying an additional 5,349 shares in the last quarter. Enlightenment Research LLC bought a new stake in shares of H & R Block during the 4th quarter worth about $38,000. Finally, Cognios Capital LLC raised its position in shares of H & R Block by 24.5% during the 4th quarter. Cognios Capital LLC now owns 85,920 shares of the company’s stock worth $2,178,000 after buying an additional 16,911 shares in the last quarter. Institutional investors own 98.10% of the company’s stock.

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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Earnings History and Estimates for H & R Block (NYSE:HRB)

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