H & R Block Inc (HRB) Expected to Announce Earnings of -$0.92 Per Share

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Equities research analysts expect H & R Block Inc (NYSE:HRB) to announce earnings of ($0.92) per share for the current quarter, according to Zacks. Two analysts have issued estimates for H & R Block’s earnings, with the lowest EPS estimate coming in at ($0.93) and the highest estimate coming in at ($0.91). H & R Block posted earnings per share of ($0.71) in the same quarter last year, which suggests a negative year over year growth rate of 29.6%. The company is scheduled to report its next earnings report on Wednesday, December 5th.

According to Zacks, analysts expect that H & R Block will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.90 to $1.93. For the next financial year, analysts expect that the company will report earnings of $2.00 per share, with EPS estimates ranging from $1.90 to $2.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow H & R Block.

H & R Block (NYSE:HRB) last released its earnings results on Tuesday, August 28th. The company reported ($0.72) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.77) by $0.05. The firm had revenue of $145.00 million for the quarter, compared to analyst estimates of $137.57 million. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.62) EPS.

HRB has been the topic of a number of research analyst reports. Morgan Stanley lowered their target price on H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, August 29th. Zacks Investment Research downgraded H & R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Barrington Research reiterated a “buy” rating and issued a $27.00 price objective on shares of H & R Block in a research report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.67.

HRB traded up $0.40 during midday trading on Friday, reaching $28.73. The company’s stock had a trading volume of 2,806,415 shares, compared to its average volume of 2,632,057. The firm has a market capitalization of $5.82 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.48 and a beta of 0.07. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 7.79. H & R Block has a twelve month low of $22.45 and a twelve month high of $29.81.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be given a $0.25 dividend. The ex-dividend date is Friday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.48%. H & R Block’s dividend payout ratio is currently 33.56%.

In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $26.54, for a total value of $1,857,800.00. Following the completion of the sale, the insider now owns 68,073 shares in the company, valued at approximately $1,806,657.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board lifted its position in shares of H & R Block by 242.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 474,810 shares of the company’s stock worth $12,226,000 after acquiring an additional 336,136 shares during the period. FMR LLC lifted its position in shares of H & R Block by 24.1% in the 3rd quarter. FMR LLC now owns 2,636,931 shares of the company’s stock worth $67,901,000 after acquiring an additional 512,687 shares during the period. Ffcm LLC lifted its position in shares of H & R Block by 6,429.8% during the 3rd quarter. Ffcm LLC now owns 60,466 shares of the company’s stock worth $1,558,000 after buying an additional 59,540 shares during the period. American International Group Inc. lifted its position in shares of H & R Block by 6.9% during the 3rd quarter. American International Group Inc. now owns 594,710 shares of the company’s stock worth $15,314,000 after buying an additional 38,433 shares during the period. Finally, Martingale Asset Management L P lifted its position in shares of H & R Block by 12.8% during the 3rd quarter. Martingale Asset Management L P now owns 378,154 shares of the company’s stock worth $9,738,000 after buying an additional 42,932 shares during the period. Institutional investors own 95.08% of the company’s stock.

About H & R Block

H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.

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