Zacks: Brokerages Expect H & R Block Inc (NYSE:HRB) to Post -$0.91 EPS

Equities research analysts forecast that H & R Block Inc (NYSE:HRB) will post earnings of ($0.91) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for H & R Block’s earnings, with the highest EPS estimate coming in at ($0.89) and the lowest estimate coming in at ($0.93). H & R Block posted earnings per share of ($0.83) in the same quarter last year, which would suggest a negative year over year growth rate of 9.6%. The company is scheduled to report its next quarterly earnings results on Thursday, December 5th.

According to Zacks, analysts expect that H & R Block will report full-year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.91 to $2.13. For the next financial year, analysts forecast that the company will post earnings of $2.04 per share, with EPS estimates ranging from $1.89 to $2.15. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for H & R Block.

H & R Block (NYSE:HRB) last posted its earnings results on Wednesday, August 28th. The company reported ($0.72) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.75) by $0.03. H & R Block had a net margin of 13.71% and a return on equity of 305.29%. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.35 million. During the same quarter in the prior year, the firm earned ($0.72) EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year.

Several research firms have recently weighed in on HRB. Morgan Stanley lowered their target price on shares of H & R Block from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Barrington Research reduced their price target on shares of H & R Block from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. ValuEngine downgraded shares of H & R Block from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Northcoast Research downgraded shares of H & R Block from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 9th. Finally, Zacks Investment Research downgraded shares of H & R Block from a “hold” rating to a “sell” rating and set a $28.00 price target on the stock. in a research report on Wednesday, May 29th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.00.

In related news, VP Kellie J. Logerwell sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $28.68, for a total transaction of $86,040.00. Following the transaction, the vice president now owns 7,941 shares in the company, valued at approximately $227,747.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Treasurer State of Michigan lifted its holdings in shares of H & R Block by 0.7% during the first quarter. State Treasurer State of Michigan now owns 59,198 shares of the company’s stock worth $1,417,000 after buying an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of H & R Block by 0.5% during the second quarter. Public Employees Retirement System of Ohio now owns 85,035 shares of the company’s stock worth $2,492,000 after buying an additional 403 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of H & R Block by 83.0% during the second quarter. CENTRAL TRUST Co now owns 915 shares of the company’s stock worth $26,000 after buying an additional 415 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of H & R Block by 36.3% during the first quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock worth $54,000 after buying an additional 600 shares in the last quarter. Finally, ETF Managers Group LLC lifted its holdings in shares of H & R Block by 12.0% during the first quarter. ETF Managers Group LLC now owns 5,748 shares of the company’s stock worth $138,000 after buying an additional 617 shares in the last quarter. Institutional investors and hedge funds own 98.18% of the company’s stock.

Shares of HRB traded down $0.10 during trading hours on Wednesday, hitting $24.14. The stock had a trading volume of 3,425,323 shares, compared to its average volume of 3,336,627. The company’s fifty day moving average is $26.86 and its two-hundred day moving average is $26.51. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.29 and a quick ratio of 2.16. H & R Block has a 52 week low of $22.96 and a 52 week high of $29.62. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 1.22 and a beta of 0.27.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.04 annualized dividend and a yield of 4.31%. H & R Block’s dividend payout ratio (DPR) is 48.37%.

About H & R Block

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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