Media headlines about Liberty Tax (NASDAQ:TAX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Liberty Tax earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 45.4913754000937 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Liberty Tax : Service Announces Appointment of CEO (4-traders.com)
- Bear of the Day: Liberty Tax (TAX) (zacks.com)
- Liberty Tax names Ed Brunot its CEO (finance.yahoo.com)
- Liberty Tax, Inc. Announces Quarterly Dividend of $0.16 (TAX) (americanbankingnews.com)
- Liberty Tax Service Announces Cancellation of First Quarter Fiscal 2018 Earnings Conference Call (finance.yahoo.com)
A number of brokerages have issued reports on TAX. Zacks Investment Research raised shares of Liberty Tax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 16th. ValuEngine downgraded shares of Liberty Tax from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
Shares of Liberty Tax (NASDAQ:TAX) opened at 13.90 on Wednesday. Liberty Tax has a one year low of $10.88 and a one year high of $16.20. The stock’s 50 day moving average is $13.85 and its 200-day moving average is $13.96. The company has a market cap of $192.96 million, a PE ratio of 14.87 and a beta of 0.92.
Liberty Tax (NASDAQ:TAX) last announced its quarterly earnings results on Wednesday, June 14th. The business services provider reported $2.23 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 analysts’ expectations of $113.50 million. Liberty Tax had a net margin of 7.25% and a return on equity of 15.27%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.32 EPS. Equities research analysts expect that Liberty Tax will post $1.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 23rd. Stockholders of record on Friday, October 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.64 annualized dividend and a dividend yield of 4.60%. Liberty Tax’s dividend payout ratio is currently 80.00%.
In other news, CEO John T. Hewitt sold 20,233 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $12.60, for a total transaction of $254,935.80. Following the transaction, the chief executive officer now owns 1,600,316 shares in the company, valued at $20,163,981.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John T. Hewitt sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $12.31, for a total value of $492,400.00. Following the sale, the chief executive officer now directly owns 1,600,316 shares in the company, valued at approximately $19,699,889.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,983 shares of company stock worth $993,023. Insiders own 40.40% of the company’s stock.
About Liberty Tax
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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