Somewhat Favorable News Coverage Somewhat Unlikely to Affect Liberty Tax (TAX) Stock Price
Media headlines about Liberty Tax (NASDAQ:TAX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Liberty Tax earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.9435638617492 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research analysts recently commented on TAX shares. ValuEngine downgraded Liberty Tax from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Liberty Tax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th.
Liberty Tax (NASDAQ TAX) opened at 13.45 on Friday. Liberty Tax has a 1-year low of $10.88 and a 1-year high of $16.19. The company has a 50-day moving average price of $13.89 and a 200 day moving average price of $14.05. The firm has a market capitalization of $186.71 million, a P/E ratio of 14.39 and a beta of 0.84.
Liberty Tax (NASDAQ:TAX) last issued its quarterly earnings data on Wednesday, June 14th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by $0.19. The firm had revenue of $111.20 million for the quarter, compared to analyst estimates of $113.50 million. Liberty Tax had a return on equity of 15.84% and a net margin of 7.48%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.32 earnings per share. Analysts expect that Liberty Tax will post $1.25 earnings per share for the current fiscal year.
In other news, CEO John T. Hewitt sold 40,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $12.31, for a total value of $492,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,600,316 shares of the company’s stock, valued at $19,699,889.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John T. Hewitt sold 20,233 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $12.60, for a total value of $254,935.80. Following the completion of the transaction, the chief executive officer now directly owns 1,600,316 shares of the company’s stock, valued at $20,163,981.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,983 shares of company stock valued at $993,023. 40.40% of the stock is currently owned by insiders.
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Liberty Tax Company Profile
Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.
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