H & R Block Inc (NYSE:HRB) Expected to Post Quarterly Sales of $488.95 Million

Wall Street brokerages forecast that H & R Block Inc (NYSE:HRB) will report $488.95 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for H & R Block’s earnings, with the lowest sales estimate coming in at $487.90 million and the highest estimate coming in at $490.00 million. H & R Block reported sales of $468.38 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The business is expected to issue its next earnings report on Thursday, March 5th.

According to Zacks, analysts expect that H & R Block will report full year sales of $3.17 billion for the current fiscal year, with estimates ranging from $3.15 billion to $3.18 billion. For the next year, analysts forecast that the firm will post sales of $3.22 billion, with estimates ranging from $3.19 billion to $3.25 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover H & R Block.

H & R Block (NYSE:HRB) last posted its earnings results on Wednesday, December 4th. The company reported ($0.85) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.07. H & R Block had a net margin of 13.28% and a return on equity of 332.04%. The business had revenue of $161.00 million for the quarter, compared to analysts’ expectations of $162.90 million. During the same quarter in the previous year, the firm posted ($0.83) earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis.

HRB has been the topic of several analyst reports. Barrington Research reiterated a “buy” rating and issued a $30.00 price objective on shares of H & R Block in a research note on Monday, December 2nd. Morgan Stanley cut their target price on H & R Block from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, December 6th. TheStreet downgraded H & R Block from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. ValuEngine raised H & R Block from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group started coverage on H & R Block in a research report on Wednesday, November 27th. They issued a “hold” rating and a $28.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.00.

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its holdings in shares of H & R Block by 4.7% during the second quarter. Commonwealth Equity Services LLC now owns 24,159 shares of the company’s stock worth $707,000 after buying an additional 1,094 shares in the last quarter. Creative Planning bought a new stake in H & R Block during the 2nd quarter worth approximately $318,000. ARP Americas LP grew its position in H & R Block by 75.0% during the 2nd quarter. ARP Americas LP now owns 29,400 shares of the company’s stock worth $861,000 after acquiring an additional 12,600 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in H & R Block by 86.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,144,871 shares of the company’s stock valued at $62,845,000 after purchasing an additional 996,764 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in H & R Block by 2.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 109,416 shares of the company’s stock valued at $3,206,000 after purchasing an additional 2,884 shares in the last quarter.

HRB traded down $0.14 during midday trading on Friday, reaching $23.02. 4,322,900 shares of the company’s stock were exchanged, compared to its average volume of 3,079,885. The company has a quick ratio of 1.29, a current ratio of 0.48 and a debt-to-equity ratio of 6.14. The business has a 50-day simple moving average of $24.47 and a two-hundred day simple moving average of $25.88. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.13 and a beta of 0.22. H & R Block has a one year low of $22.79 and a one year high of $29.62.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 9th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, December 6th. H & R Block’s dividend payout ratio (DPR) is currently 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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Earnings History and Estimates for H & R Block (NYSE:HRB)

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