H&R Block, Inc. (HRB) Given Consensus Recommendation of “Hold” by Analysts
Shares of H&R Block, Inc. (NYSE:HRB) have been given an average rating of “Hold” by the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $26.67.
A number of research firms have recently weighed in on HRB. Northcoast Research reiterated a “neutral” rating on shares of H&R Block in a research note on Wednesday, August 30th. ValuEngine lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Credit Suisse Group reiterated a “neutral” rating and issued a $30.00 price objective (up previously from $29.00) on shares of H&R Block in a research note on Wednesday, August 30th. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Finally, Zacks Investment Research upgraded shares of H&R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th.
H&R Block (NYSE HRB) traded up $0.21 during trading on Wednesday, hitting $24.27. 533,743 shares of the stock were exchanged, compared to its average volume of 2,353,615. The company has a debt-to-equity ratio of -6.97, a quick ratio of 1.48 and a current ratio of 1.48. H&R Block has a 12-month low of $19.85 and a 12-month high of $31.80. The company has a market cap of $5,029.98, a P/E ratio of 12.15, a PEG ratio of 1.11 and a beta of 0.54.
H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.62). The business had revenue of $138.00 million for the quarter, compared to analyst estimates of $129.33 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. H&R Block’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.56) EPS. sell-side analysts forecast that H&R Block will post 1.98 earnings per share for the current year.
The company 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. This represents a $0.96 dividend on an annualized basis and a yield of 3.96%. H&R Block’s dividend payout ratio (DPR) is presently 49.48%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in HRB. JPMorgan Chase & Co. boosted its holdings in H&R Block by 247.1% during the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock worth $94,759,000 after buying an additional 2,182,306 shares in the last quarter. Schroder Investment Management Group boosted its holdings in H&R Block by 208.9% during the second quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock worth $82,277,000 after buying an additional 1,801,791 shares in the last quarter. APG Asset Management N.V. boosted its holdings in H&R Block by 70.5% during the third quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock worth $107,669,000 after buying an additional 1,681,474 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in H&R Block by 838.9% during the second quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock worth $45,101,000 after buying an additional 1,303,700 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in H&R Block by 5,390.7% during the second quarter. American Century Companies Inc. now owns 1,191,765 shares of the company’s stock worth $36,837,000 after buying an additional 1,170,060 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.
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.
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