BMO Capital Markets reaffirmed their market perform rating on shares of H&R Block (NYSE:HRB) in a research report released on Thursday morning, The Fly reports. BMO Capital Markets currently has a $30.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. ValuEngine raised H&R Block from a hold rating to a buy rating in a report on Monday, October 2nd. BidaskClub raised H&R Block from a hold rating to a buy rating in a report on Wednesday, August 16th. Zacks Investment Research raised H&R Block from a sell rating to a hold rating in a report on Tuesday, October 31st. Oppenheimer reissued a market perform rating on shares of H&R Block in a report on Thursday, August 31st. Finally, Northcoast Research reissued a neutral rating on shares of H&R Block in a report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $27.60.

Shares of H&R Block (NYSE:HRB) opened at $27.22 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of -3.62. H&R Block has a 52-week low of $19.85 and a 52-week high of $31.80. The company has a market capitalization of $5,690.85, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.27 and a beta of 0.56.

H&R Block (NYSE:HRB) last issued its earnings results on Wednesday, December 6th. The company reported ($0.71) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.72) by $0.01. H&R Block had a negative return on equity of 110.06% and a net margin of 12.90%. The business had revenue of $140.85 million during the quarter, compared to analysts’ expectations of $131.24 million. During the same period in the prior year, the firm posted ($0.67) EPS. H&R Block’s quarterly revenue was up 7.3% compared to the same quarter last year. sell-side analysts expect that H&R Block will post 1.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.53%. H&R Block’s dividend payout ratio is 51.06%.

Hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. acquired a new stake in H&R Block during the 2nd quarter valued at $114,000. Victory Capital Management Inc. increased its holdings in H&R Block by 7.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock valued at $126,000 after purchasing an additional 296 shares in the last quarter. FDO Partners LLC acquired a new stake in H&R Block during the 3rd quarter valued at $203,000. Assetmark Inc. increased its holdings in H&R Block by 111.9% during the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock valued at $209,000 after purchasing an additional 4,170 shares in the last quarter. Finally, Profund Advisors LLC acquired a new stake in H&R Block during the 2nd quarter valued at $215,000. 95.51% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for H&R Block (NYSE:HRB)

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