H&R Block (NYSE:HRB) Updates FY 2027 Earnings Guidance

H&R Block (NYSE:HRB) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.040-6.240 for the period, compared to the consensus earnings per share estimate of 5.820. The company issued revenue guidance of $4.1 billion-$4.2 billion, compared to the consensus revenue estimate of $4.0 billion.

Analyst Ratings Changes

HRB has been the topic of several research reports. Zacks Research lowered shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Barrington Research reaffirmed an “outperform” rating and issued a $50.00 target price on shares of H&R Block in a research report on Monday, April 27th. Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Finally, Stephens started coverage on H&R Block in a report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price target on the stock. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.00.

H&R Block Trading Up 1.7%

Shares of HRB traded up $0.77 on Tuesday, reaching $46.70. The company’s stock had a trading volume of 4,496,752 shares, compared to its average volume of 2,399,316. H&R Block has a twelve month low of $28.16 and a twelve month high of $54.42. The stock has a market capitalization of $5.92 billion, a PE ratio of 8.31, a PEG ratio of 0.65 and a beta of 0.34. The firm has a fifty day moving average of $39.84 and a 200-day moving average of $35.68.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.17. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. As a group, equities analysts anticipate that H&R Block will post 5.18 EPS for the current fiscal year.

Institutional Investors Weigh In On H&R Block

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in H&R Block during the 4th quarter worth $28,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of H&R Block by 100.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock valued at $39,000 after purchasing an additional 357 shares during the last quarter. Danske Bank A S bought a new position in shares of H&R Block during the third quarter valued at about $46,000. EverSource Wealth Advisors LLC lifted its position in shares of H&R Block by 119.2% during the second quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock valued at $50,000 after purchasing an additional 497 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in H&R Block by 71.9% during the second quarter. Smartleaf Asset Management LLC now owns 1,226 shares of the company’s stock worth $67,000 after purchasing an additional 513 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Company Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.