Zacks: Analysts Expect H & R Block Inc (HRB) Will Announce Earnings of -$0.51 Per Share

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Brokerages expect H & R Block Inc (NYSE:HRB) to post ($0.51) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for H & R Block’s earnings, with estimates ranging from ($0.52) to ($0.51). H & R Block posted earnings per share of ($1.16) during the same quarter last year, which indicates a positive year over year growth rate of 56%. The company is expected to report its next quarterly earnings results on Tuesday, March 5th.

On average, analysts expect that H & R Block will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.90 to $1.93. For the next fiscal year, analysts anticipate that the company will report earnings of $2.00 per share, with EPS estimates ranging from $1.90 to $2.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover H & R Block.

H & R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, December 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.10. H & R Block had a net margin of 17.90% and a negative return on equity of 1,557.56%. The company had revenue of $149.00 million during the quarter, compared to analyst estimates of $139.80 million. During the same period last year, the firm posted ($0.71) EPS. H & R Block’s revenue for the quarter was up 5.7% compared to the same quarter last year.

A number of research firms have issued reports on HRB. Zacks Investment Research reissued a “hold” rating on shares of H & R Block in a research report on Tuesday, November 13th. Morgan Stanley raised their price target on shares of H & R Block from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday. Barrington Research reissued a “buy” rating and set a $27.00 price target on shares of H & R Block in a research report on Thursday, August 23rd. Finally, ValuEngine raised shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. H & R Block presently has a consensus rating of “Hold” and an average target price of $25.81.

HRB traded down $0.66 during trading on Monday, reaching $27.04. 4,595,821 shares of the company’s stock were exchanged, compared to its average volume of 2,606,558. H & R Block has a 1 year low of $22.45 and a 1 year high of $29.81. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 7.79. The firm has a market capitalization of $5.69 billion, a PE ratio of 9.07, a P/E/G ratio of 1.45 and a beta of 0.09.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, November 30th. H & R Block’s dividend payout ratio (DPR) is 33.56%.

Several large investors have recently bought and sold shares of HRB. Tower Research Capital LLC TRC increased its holdings in shares of H & R Block by 103.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $106,000 after purchasing an additional 2,369 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of H & R Block during the 2nd quarter valued at approximately $109,000. Caption Management LLC purchased a new position in shares of H & R Block during the 2nd quarter valued at approximately $114,000. Atlas Capital Advisors LLC purchased a new position in shares of H & R Block during the 3rd quarter valued at approximately $122,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of H & R Block during the 2nd quarter valued at approximately $137,000. 94.64% of the stock is owned by hedge funds and other institutional investors.

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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