Q2 2018 EPS Estimates for H&R Block, Inc. (HRB) Lifted by Barrington Research
H&R Block, Inc. (NYSE:HRB) – Investment analysts at Barrington Research upped their Q2 2018 earnings per share estimates for H&R Block in a research report issued on Wednesday. Barrington Research analyst A. Paris. Jr now expects that the company will post earnings of ($0.72) per share for the quarter, up from their previous estimate of ($0.78). Barrington Research has a “Outperform” rating and a $32.00 price objective on the stock. Barrington Research also issued estimates for H&R Block’s Q3 2018 earnings at ($0.47) EPS and FY2018 earnings at $2.04 EPS.
H&R Block (NYSE:HRB) last released its earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The company had revenue of $138 million during the quarter, compared to the consensus estimate of $129.33 million. During the same quarter in the previous year, the firm earned ($0.56) EPS. The company’s revenue was up 10.4% on a year-over-year basis. WARNING: This story was published by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.watchlistnews.com/q2-2018-eps-estimates-for-hr-block-inc-hrb-lifted-by-barrington-research/1537853.html.
Other research analysts have also issued research reports about the stock. BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Northcoast Research reaffirmed a “neutral” rating on shares of H&R Block in a research note on Wednesday. BMO Capital Markets reiterated a “market perform” rating and issued a $31.00 price objective on shares of H&R Block in a report on Thursday. Zacks Investment Research downgraded shares of H&R Block from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Credit Suisse Group restated a “neutral” rating and set a $30.00 target price (up from $29.00) on shares of H&R Block in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.71.
H&R Block (HRB) opened at 26.77 on Friday. H&R Block has a 1-year low of $19.85 and a 1-year high of $31.80. The firm’s 50-day moving average is $30.01 and its 200-day moving average is $26.54. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 14.12 and a beta of 0.57.
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock valued at $762,078,000 after buying an additional 31,852,089 shares during the period. Vanguard Group Inc. raised its stake in H&R Block by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,344,192 shares of the company’s stock valued at $659,749,000 after buying an additional 530,380 shares in the last quarter. State Street Corp raised its stake in H&R Block by 6.3% in the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock valued at $248,052,000 after buying an additional 636,772 shares in the last quarter. First Eagle Investment Management LLC raised its stake in H&R Block by 3.4% in the second quarter. First Eagle Investment Management LLC now owns 6,144,521 shares of the company’s stock valued at $189,927,000 after buying an additional 203,186 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in H&R Block by 247.1% in the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock valued at $94,759,000 after buying an additional 2,182,306 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.
In other news, Director David B. Lewis sold 8,000 shares of H&R Block stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $30.01, for a total transaction of $240,080.00. Following the completion of the sale, the director now owns 82,083 shares in the company, valued at approximately $2,463,310.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Kathryn M. Collins sold 2,931 shares of H&R Block stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the sale, the senior vice president now owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,473,471 shares of company stock valued at $45,309,203. 0.63% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s dividend payout ratio (DPR) is currently 49.48%.
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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