H&R Block (NYSE:HRB) Updates FY 2024 Earnings Guidance

H&R Block (NYSE:HRB) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.300-4.300 for the period, compared to the consensus estimate of 4.240. The company issued revenue guidance of $3.6 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion. H&R Block also updated its FY24 guidance to $4.10-$4.30 EPS.

Analyst Ratings Changes

HRB has been the topic of several research reports. Barrington Research reaffirmed an outperform rating and issued a $55.00 price objective on shares of H&R Block in a research report on Wednesday, May 1st. StockNews.com raised shares of H&R Block from a hold rating to a buy rating in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of H&R Block from $34.00 to $38.00 and gave the stock a sell rating in a research note on Wednesday, February 7th.

H&R Block Price Performance

H&R Block stock traded up $0.68 during trading hours on Thursday, hitting $49.21. The company had a trading volume of 1,131,168 shares, compared to its average volume of 1,059,056. H&R Block has a one year low of $28.83 and a one year high of $52.90. The firm has a market cap of $6.87 billion, a PE ratio of 13.56, a PEG ratio of 0.89 and a beta of 0.69. The firm has a 50-day moving average of $47.68 and a 200 day moving average of $46.68.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, May 9th. The company reported $4.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $0.28. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the company posted $4.20 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that H&R Block will post 4.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, June 5th. H&R Block’s dividend payout ratio (DPR) is 35.26%.

Insider Activity at H&R Block

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of H&R Block stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the completion of the sale, the chief executive officer now owns 755,359 shares of the company’s stock, valued at $37,171,216.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.