H & R Block (HRB) Issues Earnings Results, Beats Expectations By $0.10 EPS
H & R Block (NYSE:HRB) issued its quarterly earnings data on Thursday. The company reported ($0.83) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.93) by $0.10, MarketWatch Earnings reports. The firm had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $139.80 million. H & R Block had a net margin of 17.90% and a negative return on equity of 1,557.56%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.71) EPS.
H & R Block stock opened at $27.04 on Friday. H & R Block has a 12-month low of $22.45 and a 12-month high of $29.81. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 1.45 and a beta of 0.09. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.27 and a current ratio of 2.27.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 3.70%. H & R Block’s dividend payout ratio is currently 33.56%.
Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake 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 worth $106,000 after purchasing an additional 2,369 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of H & R Block during the 2nd quarter worth about $109,000. Atlas Capital Advisors LLC acquired a new stake in shares of H & R Block during the 3rd quarter worth about $122,000. Caption Management LLC acquired a new stake in shares of H & R Block during the 2nd quarter worth about $114,000. Finally, First Hawaiian Bank acquired a new stake in shares of H & R Block during the 3rd quarter worth about $137,000. 94.64% of the stock is currently owned by institutional investors.
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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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