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%.

A number of equities research analysts recently commented on HRB shares. ValuEngine raised shares of H & R Block from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Zacks Investment Research cut shares of H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Morgan Stanley lowered their price objective on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, August 29th. Finally, Barrington Research reissued a “buy” rating and issued a $27.00 price objective on shares of H & R Block in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.81.

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.

ILLEGAL ACTIVITY NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/h-r-block-hrb-issues-earnings-results-beats-expectations-by-0-10-eps/2670528.html.

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.

Further Reading: Short Selling – Explanation For Shorting Stocks

Earnings History 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.