H & R Block Inc (NYSE:HRB) – Equities research analysts at Barrington Research issued their Q1 2020 earnings per share (EPS) estimates for H & R Block in a report issued on Wednesday, June 12th. Barrington Research analyst A. Paris. Jr forecasts that the company will post earnings of ($0.76) per share for the quarter. Barrington Research currently has a “Outperform” rating on the stock. Barrington Research also issued estimates for H & R Block’s Q4 2020 earnings at $4.28 EPS and FY2020 earnings at $1.96 EPS.
A number of other brokerages also recently weighed in on HRB. Zacks Investment Research downgraded H & R Block from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. ValuEngine raised H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. 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. H & R Block has a consensus rating of “Hold” and an average target price of $24.60.
Shares of H & R Block stock opened at $28.43 on Friday. The firm has a market cap of $5.77 billion, a PE ratio of 13.22, a PEG ratio of 1.38 and a beta of 0.18. 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 has a 12 month low of $22.45 and a 12 month high of $29.29.
H & R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, June 11th. The company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.11 by $0.21. The firm had revenue of $2.33 billion for 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 business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.42 earnings per share.
A number of hedge funds have recently modified their holdings of HRB. Amundi Pioneer Asset Management Inc. boosted its position in H & R Block by 92.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock valued at $133,986,000 after purchasing an additional 2,687,319 shares in the last quarter. Norges Bank bought a new stake in H & R Block during the fourth quarter valued at about $61,212,000. First Eagle Investment Management LLC boosted its position in H & R Block by 21.5% during the first quarter. First Eagle Investment Management LLC now owns 7,705,778 shares of the company’s stock valued at $184,476,000 after purchasing an additional 1,363,866 shares in the last quarter. Bank of New York Mellon Corp boosted its position in H & R Block by 19.2% during the fourth quarter. Bank of New York Mellon Corp now owns 8,417,662 shares of the company’s stock valued at $213,556,000 after purchasing an additional 1,355,760 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in H & R Block during the fourth quarter valued at about $32,597,000. 98.10% of the stock is currently owned by institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 21st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $1.04 dividend on an annualized basis and a yield of 3.66%. This is an increase from H & R Block’s previous quarterly dividend of $0.25. H & R Block’s dividend payout ratio (DPR) is presently 46.51%.
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.
Recommended Story: What is a Leveraged Buyout (LBO)?
Receive News & Ratings for H & R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H & R Block and related companies with MarketBeat.com's FREE daily email newsletter.