Liberty Tax Inc. (NASDAQ:TAX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus price objective of $18.00 for the company and are anticipating that the company will post ($0.71) earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Tax an industry rank of 155 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Liberty Tax from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 25th.

In related news, Director Robert M. Howard purchased 3,800 shares of the business’s stock in a transaction on Monday, June 27th. The shares were acquired at an average price of $12.30 per share, for a total transaction of $46,740.00. Following the purchase, the director now owns 27,000 shares of the company’s stock, valued at approximately $332,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen M. Mcdowell sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $13.48, for a total transaction of $26,960.00. Following the transaction, the director now owns 48,641 shares in the company, valued at approximately $655,680.68. The disclosure for this sale can be found here. Corporate insiders own 46.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TAX. Continental Advisors LLC raised its position in shares of Liberty Tax by 303.9% in the second quarter. Continental Advisors LLC now owns 208,730 shares of the company’s stock worth $2,780,000 after buying an additional 157,050 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Liberty Tax during the second quarter worth about $158,000. Summit Securities Group LLC bought a new position in shares of Liberty Tax during the second quarter worth about $529,000. State Street Corp raised its position in shares of Liberty Tax by 1.2% in the second quarter. State Street Corp now owns 61,172 shares of the company’s stock worth $816,000 after buying an additional 730 shares during the last quarter. Finally, TFS Capital LLC bought a new position in shares of Liberty Tax during the second quarter worth about $926,000. Institutional investors and hedge funds own 40.52% of the company’s stock.

Shares of Liberty Tax (NASDAQ:TAX) remained flat at $12.76 during midday trading on Wednesday. The company had a trading volume of 28,475 shares. The stock has a 50-day moving average of $13.42 and a 200 day moving average of $14.08. The firm has a market cap of $177.29 million, a P/E ratio of 9.57 and a beta of 0.68. Liberty Tax has a 52 week low of $9.95 and a 52 week high of $24.44.

Liberty Tax (NASDAQ:TAX) last released its quarterly earnings data on Friday, September 2nd. The company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.02. The company earned $7.10 million during the quarter, compared to analysts’ expectations of $7.25 million. Liberty Tax had a net margin of 9.16% and a return on equity of 18.09%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.65) EPS. On average, equities research analysts predict that Liberty Tax will post $1.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 24th. Investors of record on Friday, October 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.64 annualized dividend and a dividend yield of 5.02%. Liberty Tax’s dividend payout ratio (DPR) is presently 52.89%.

Liberty Tax Company Profile

Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.

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