“Reiterating Sell While Raising PT to $21 (from $19) H&R Block (HRB) yesterday after the market close posted a narrower- than-expected 3Q18 loss per share in a mostly off-season quarter. Investors’ focus with regard to any of the company’s 3Q reports is almost always on its volume performance through the first half of the tax season. HRB also outperformed in that regard, beating the IRS’s reported e-filing statistics through February 23 in both the assisted and do-it-yourself (DIY) categories. Management also reiterated the FY18 guidance they had provided in December.”,” BTIG Research’s analyst wrote.
Several other analysts have also commented on the stock. ValuEngine lowered shares of H & R Block from a buy rating to a hold rating in a research report on Friday. Morgan Stanley reiterated an equal weight rating and issued a $28.00 target price (up previously from $27.00) on shares of H & R Block in a research report on Wednesday, March 7th. Northcoast Research upgraded shares of H & R Block from a neutral rating to a buy rating and dropped their target price for the company from $25.02 to $24.69 in a research report on Monday, March 5th. Zacks Investment Research upgraded shares of H & R Block from a hold rating to a buy rating and set a $27.00 target price on the stock in a research report on Tuesday, February 6th. Finally, BMO Capital Markets lifted their target price on shares of H & R Block from $2.75 to $31.00 and gave the company a market perform rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $27.67.
H & R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.29) by $0.13. The company had revenue of $488.00 million for the quarter, compared to analyst estimates of $459.14 million. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.49) earnings per share. equities analysts expect that H & R Block will post 2.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Tuesday, March 13th will be given a $0.24 dividend. The ex-dividend date is Monday, March 12th. This represents a $0.96 annualized dividend and a dividend yield of 3.47%. H & R Block’s dividend payout ratio (DPR) is 80.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in HRB. Eqis Capital Management Inc. boosted its position in H & R Block by 9.3% during the fourth quarter. Eqis Capital Management Inc. now owns 21,966 shares of the company’s stock worth $576,000 after acquiring an additional 1,873 shares during the last quarter. Comerica Bank boosted its position in H & R Block by 2.9% during the fourth quarter. Comerica Bank now owns 69,476 shares of the company’s stock worth $1,887,000 after acquiring an additional 1,961 shares during the last quarter. CHICAGO TRUST Co NA boosted its position in H & R Block by 22.2% during the fourth quarter. CHICAGO TRUST Co NA now owns 11,000 shares of the company’s stock worth $288,000 after acquiring an additional 2,000 shares during the last quarter. Cambiar Investors LLC boosted its position in H & R Block by 1.6% during the fourth quarter. Cambiar Investors LLC now owns 137,255 shares of the company’s stock worth $3,599,000 after acquiring an additional 2,173 shares during the last quarter. Finally, Amalgamated Bank boosted its position in H & R Block by 5.7% during the fourth quarter. Amalgamated Bank now owns 43,267 shares of the company’s stock worth $1,134,000 after acquiring an additional 2,319 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.
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.
Receive News & Ratings for H & R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H & R Block and related companies with MarketBeat.com's FREE daily email newsletter.