H&R Block Inc. (HRB) Sees Large Volume Increase
Shares of H&R Block Inc. (NYSE:HRB) saw unusually-high trading volume on Friday . Approximately 3,054,640 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 1,750,811 shares.The stock last traded at $24.46 and had previously closed at $24.04.
HRB has been the subject of a number of recent research reports. Morgan Stanley reissued a “buy” rating on shares of H&R Block in a research report on Wednesday, April 27th. Piper Jaffray Cos. reissued a “buy” rating and issued a $29.00 target price on shares of H&R Block in a research report on Friday, July 15th. Credit Suisse Group AG initiated coverage on shares of H&R Block in a research report on Friday, June 17th. They issued a “hold” rating for the company. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of H&R Block in a research report on Sunday, June 12th. Finally, BTIG Research reissued a “hold” rating on shares of H&R Block in a research report on Sunday, June 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $32.72.
The firm has a market capitalization of $5.42 billion and a PE ratio of 16.45. The company has a 50-day moving average of $23.60 and a 200 day moving average of $25.48.
H&R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, June 9th. The company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.01. The firm had revenue of $2.30 billion for the quarter. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm earned $2.69 EPS. On average, analysts forecast that H&R Block Inc. will post $1.76 EPS for the current year.
In other news, Director Robert A. Gerard purchased 2,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The stock was bought at an average price of $23.33 per share, for a total transaction of $46,660.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $116,650. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Brown sold 16,067 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $22.86, for a total value of $367,291.62. Following the transaction, the insider now owns 118,513 shares of the company’s stock, valued at approximately $2,709,207.18. The disclosure for this sale can be found here.
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.
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