Zacks: Analysts Anticipate H & R Block Inc (HRB) to Post -$0.94 EPS

Share on StockTwits

Equities research analysts expect H & R Block Inc (NYSE:HRB) to report earnings of ($0.94) per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for H & R Block’s earnings, with estimates ranging from ($1.01) to ($0.91). H & R Block posted earnings per share of ($0.71) during the same quarter last year, which would suggest a negative year-over-year growth rate of 32.4%. The business is expected to announce its next quarterly earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that H & R Block will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.02. For the next year, analysts expect that the business will report earnings of $2.09 per share, with EPS estimates ranging from $1.90 to $2.27. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for H & R Block.

H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, August 28th. The company reported ($0.72) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.05. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $137.57 million. During the same period in the prior year, the company posted ($0.62) EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year.

HRB has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on H & R Block from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. They noted that the move was a valuation call. BMO Capital Markets decreased their price objective on H & R Block from $29.00 to $25.00 and set a “market perform” rating for the company in a report on Wednesday, June 13th. ValuEngine lowered H & R Block from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 13th. Barrington Research decreased their price objective on H & R Block from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, June 14th. Finally, TheStreet raised H & R Block from a “c+” rating to a “b” rating in a research note on Tuesday, June 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.53.

HRB stock traded up $0.38 on Friday, reaching $25.44. The company’s stock had a trading volume of 2,832,104 shares, compared to its average volume of 3,118,218. H & R Block has a 52 week low of $22.45 and a 52 week high of $29.81. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.33 and a beta of 0.18. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Wednesday, September 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Tuesday, September 11th. H & R Block’s payout ratio is currently 33.56%.

In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the completion of the transaction, the insider now directly owns 68,073 shares of the company’s stock, valued at approximately $1,806,657.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HRB. Rockland Trust Co. boosted its stake in shares of H & R Block by 7.9% during the 3rd quarter. Rockland Trust Co. now owns 65,760 shares of the company’s stock worth $1,693,000 after acquiring an additional 4,822 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of H & R Block during the 2nd quarter worth $1,782,000. Northern Trust Corp boosted its stake in shares of H & R Block by 5.3% during the 2nd quarter. Northern Trust Corp now owns 3,284,789 shares of the company’s stock worth $74,828,000 after acquiring an additional 166,316 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its stake in shares of H & R Block by 2,178.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 37,291 shares of the company’s stock worth $1,637,000 after acquiring an additional 35,654 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of H & R Block by 714.0% during the 2nd quarter. Verition Fund Management LLC now owns 80,005 shares of the company’s stock worth $1,823,000 after acquiring an additional 70,176 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: Book Value Of Equity Per Share – BVPS Explained

Get a free copy of the Zacks research report on H & R Block (HRB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.