Zacks: Brokerages Anticipate H & R Block Inc (HRB) Will Announce Quarterly Sales of $2.32 Billion

Analysts forecast that H & R Block Inc (NYSE:HRB) will post $2.32 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for H & R Block’s earnings, with the highest sales estimate coming in at $2.32 billion and the lowest estimate coming in at $2.31 billion. H & R Block posted sales of $2.39 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 2.9%. The company is scheduled to announce its next earnings results on Tuesday, June 11th.

According to Zacks, analysts expect that H & R Block will report full-year sales of $3.08 billion for the current financial year. For the next year, analysts expect that the firm will post sales of $3.09 billion, with estimates ranging from $3.05 billion to $3.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow H & R Block.

H & R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.03). H & R Block had a net margin of 21.79% and a return on equity of 829.18%. The firm had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $465.48 million. During the same period in the prior year, the company earned ($1.16) EPS. The firm’s quarterly revenue was down 4.1% on a year-over-year basis.

A number of research firms recently issued reports on HRB. Zacks Investment Research upgraded H & R Block from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Monday. Morgan Stanley boosted their price objective on H & R Block from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, December 7th. Goldman Sachs Group lowered H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 price objective on the stock. in a research note on Thursday, January 31st. Finally, ValuEngine lowered H & R Block from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.67.

Shares of NYSE HRB traded up $0.04 during trading on Thursday, reaching $24.25. 3,227,197 shares of the stock traded hands, compared to its average volume of 3,652,479. H & R Block has a 52-week low of $22.45 and a 52-week high of $29.81. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.10 and a quick ratio of 2.04. The stock has a market capitalization of $4.96 billion, a PE ratio of 8.14, a P/E/G ratio of 1.23 and a beta of 0.10.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.12%. H & R Block’s payout ratio is 33.56%.

Large investors have recently added to or reduced their stakes in the stock. IMS Capital Management bought a new stake in shares of H & R Block during the 3rd quarter valued at $26,000. Enlightenment Research LLC bought a new position in H & R Block in the 4th quarter worth about $38,000. Atlas Capital Advisors LLC bought a new position in H & R Block in the 3rd quarter worth about $122,000. ETF Managers Group LLC increased its stake in H & R Block by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 5,131 shares of the company’s stock worth $130,000 after acquiring an additional 699 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in H & R Block in the 4th quarter worth about $185,000. Institutional investors own 96.95% of the company’s stock.

H & R Block Company Profile

H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.

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

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