News coverage about H & R Block (NYSE:HRB) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. H & R Block earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news headlines about the company an impact score of 42.124570157702 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Notable Traders Watch list: Verizon Communications Inc., (NYSE: VZ), H&R Block, Inc., (NYSE: HRB); – TNN (tradingnewsnow.com)
- H&R Block, Inc. (HRB) – Newburgh Gazette (newburghgazette.com)
- H&R Block hosts national shred day with free events nationwide – GlobeNewswire (press release) (globenewswire.com)
- H&R Block advises gig economy workers to organize tax documents, file and prepare for next year NYSE:HRB (menafn.com)
Several brokerages have recently issued reports on HRB. Morgan Stanley reaffirmed an “equal weight” rating and set a $28.00 price target (up previously from $27.00) on shares of H & R Block in a research note on Wednesday, March 7th. BMO Capital Markets upped their price target on H & R Block from $2.75 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised H & R Block from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, February 6th. Oppenheimer reiterated a “hold” rating on shares of H & R Block in a report on Thursday, December 7th. Finally, ValuEngine downgraded H & R Block from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $27.67.
H & R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, March 6th. The company reported ($1.16) earnings per share for the quarter, topping the consensus estimate of ($1.29) by $0.13. The company had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $459.14 million. H & R Block had a negative return on equity of 77.32% and a net margin of 8.19%. H & R Block’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.49) earnings per share. sell-side analysts anticipate that H & R Block will post 2.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Tuesday, March 13th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 12th. This represents a $0.96 annualized dividend and a yield of 3.78%. H & R Block’s dividend payout ratio (DPR) is presently 80.00%.
About H & R Block
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.
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