H&R Block Inc. (HRB) Shares Down 1.1%
H&R Block Inc. (NYSE:HRB)’s share price dropped 1.1% during trading on Monday . The company traded as low as $24.23 and last traded at $24.29, with a volume of 1,028,251 shares traded. The stock had previously closed at $24.56.
HRB has been the topic of a number of analyst reports. Oppenheimer Holdings Inc. downgraded shares of H&R Block from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th. Morgan Stanley reaffirmed a “buy” rating on shares of H&R Block in a research note on Wednesday, April 27th. Sterne Agee CRT initiated coverage on shares of H&R Block in a research note on Tuesday, May 3rd. They set a “neutral” rating and a $33.00 target price on the stock. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $31.00 target price on shares of H&R Block in a research note on Friday, June 3rd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of H&R Block in a research note on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $32.72.
The firm has a market capitalization of $5.36 billion and a PE ratio of 16.28. The firm’s 50-day moving average price is $23.66 and its 200 day moving average price is $25.31.
H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, June 9th. The company reported $3.16 EPS for the quarter, beating the Zacks’ consensus estimate of $3.15 by $0.01. During the same quarter last year, the firm posted $2.69 earnings per share. The business earned $2.30 billion during the quarter. The company’s revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that H&R Block Inc. will post $1.76 EPS for the current fiscal year.
In other news, Director Robert A. Gerard purchased 2,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were bought at an average cost of $23.33 per share, with a total value of $46,660.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $116,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Brown sold 105,896 shares of the firm’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $21.83, for a total transaction of $2,311,709.68. Following the sale, the insider now directly owns 150,187 shares in the company, valued at $3,278,582.21. 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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