Q4 2018 Earnings Forecast for H&R Block, Inc. (HRB) Issued By Barrington Research

H&R Block, Inc. (NYSE:HRB) – Barrington Research reduced their Q4 2018 earnings estimates for H&R Block in a research note issued on Wednesday. Barrington Research analyst A. Paris. Jr now expects that the company will earn $3.84 per share for the quarter, down from their previous forecast of $3.88. Barrington Research has a “Outperform” rating and a $32.00 price target on the stock. Barrington Research also issued estimates for H&R Block’s FY2019 earnings at $2.10 EPS.

HRB has been the subject of several other research reports. Northcoast Research reissued a “neutral” rating on shares of H&R Block in a research report on Wednesday. Credit Suisse Group boosted their price objective on shares of H&R Block from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday. BTIG Research boosted their price objective on shares of H&R Block from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Wednesday, June 14th. BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.75.

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Shares of H&R Block (NYSE:HRB) traded down 0.41% during midday trading on Thursday, hitting $26.70. 2,872,622 shares of the stock traded hands. The firm has a 50-day moving average price of $30.50 and a 200 day moving average price of $26.30. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 14.08 and a beta of 0.54. H&R Block has a one year low of $19.85 and a one year high of $31.80.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.62). The company had revenue of $138 million for the quarter, compared to analyst estimates of $129.33 million. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.56) earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock valued at $762,078,000 after buying an additional 31,852,089 shares during the period. JPMorgan Chase & Co. boosted its position in H&R Block by 247.1% in the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock valued at $94,759,000 after buying an additional 2,182,306 shares during the period. Schroder Investment Management Group boosted its position in H&R Block by 208.9% in the second quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock valued at $82,277,000 after buying an additional 1,801,791 shares during the period. Lord Abbett & CO. LLC boosted its position in H&R Block by 838.9% in the second quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock valued at $45,101,000 after buying an additional 1,303,700 shares during the period. Finally, American Century Companies Inc. boosted its position in H&R Block by 5,390.7% in the second quarter. American Century Companies Inc. now owns 1,191,765 shares of the company’s stock valued at $36,837,000 after buying an additional 1,170,060 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

In other H&R Block news, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the transaction, the senior vice president now owns 17,372 shares in the company, valued at approximately $527,240.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William C. Cobb sold 750,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the completion of the transaction, the insider now owns 1,301,458 shares of the company’s stock, valued at approximately $39,564,323.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,473,471 shares of company stock valued at $45,309,203. Insiders own 0.63% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s dividend payout ratio is presently 49.48%.

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.

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

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