H & R Block (HRB) Issues Quarterly Earnings Results

H & R Block (NYSE:HRB) announced its earnings results on Wednesday, December 6th. The company reported ($0.71) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.01, Briefing.com reports. The company had revenue of $140.85 million during the quarter, compared to the consensus estimate of $131.24 million. H & R Block had a negative return on equity of 110.06% and a net margin of 12.90%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.67) earnings per share.

H & R Block (NYSE:HRB) traded down $0.35 during midday trading on Friday, hitting $26.22. The stock had a trading volume of 1,805,151 shares, compared to its average volume of 3,268,497. The company has a debt-to-equity ratio of -3.62, a current ratio of 1.13 and a quick ratio of 1.13. H & R Block has a 1 year low of $19.85 and a 1 year high of $31.80. The company has a market capitalization of $5,554.96, a P/E ratio of 13.95, a P/E/G ratio of 1.24 and a beta of 0.56.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, December 1st. H & R Block’s dividend payout ratio (DPR) is currently 51.06%.

A number of research firms have issued reports on HRB. Oppenheimer reiterated a “hold” rating on shares of H & R Block in a report on Thursday, December 7th. BMO Capital Markets reissued a “market perform” rating and issued a $30.00 target price on shares of H & R Block in a research note on Thursday, December 7th. Zacks Investment Research cut H & R Block from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. Finally, ValuEngine raised H & R Block from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.60.

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H & R Block Company Profile

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.

Earnings History for H & R Block (NYSE:HRB)

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