$128.40 Million in Sales Expected for H&R Block, Inc. (HRB) This Quarter
Analysts expect that H&R Block, Inc. (NYSE:HRB) will announce sales of $128.40 million for the current quarter, Zacks reports. Two analysts have provided estimates for H&R Block’s earnings, with estimates ranging from $123.80 million to $133.00 million. H&R Block reported sales of $131.33 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The company is scheduled to report its next earnings report on Wednesday, December 6th.
According to Zacks, analysts expect that H&R Block will report full-year sales of $128.40 million for the current fiscal year, with estimates ranging from $3.00 billion to $3.09 billion. For the next year, analysts anticipate that the firm will post sales of $3.04 billion per share, with estimates ranging from $2.95 billion to $3.13 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for H&R Block.
H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, hitting the consensus estimate of ($0.62). The firm had revenue of $138.00 million for the quarter, compared to the consensus estimate of $129.33 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.56) EPS.
A number of analysts have commented on the stock. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Morgan Stanley increased their price target on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 14th. BTIG Research increased their price target on shares of H&R Block from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of H&R Block from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Wednesday, June 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $31.00 price target on shares of H&R Block in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. H&R Block presently has an average rating of “Hold” and an average price target of $27.71.
In related news, SVP Kathryn M. Collins sold 2,931 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total transaction of $88,955.85. Following the transaction, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at $527,240.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William C. Cobb sold 750,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the transaction, the insider now directly owns 1,301,458 shares in the company, valued at $39,564,323.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,467,171 shares of company stock valued at $45,121,211. 0.63% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in HRB. BlackRock Inc. increased its holdings in H&R Block by 3,441.6% in the 1st quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock valued at $762,078,000 after buying an additional 31,852,089 shares during the period. JPMorgan Chase & Co. increased its holdings in H&R Block by 247.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock valued at $94,759,000 after buying an additional 2,182,306 shares during the period. Schroder Investment Management Group increased its holdings in H&R Block by 208.9% in the 2nd quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock valued at $82,277,000 after buying an additional 1,801,791 shares during the period. Lord Abbett & CO. LLC increased its holdings in H&R Block by 838.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock valued at $45,101,000 after buying an additional 1,303,700 shares during the period. Finally, American Century Companies Inc. increased its holdings in H&R Block by 5,390.7% in the 2nd quarter. American Century Companies Inc. now owns 1,191,765 shares of the company’s stock valued at $36,837,000 after buying an additional 1,170,060 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.
H&R Block (NYSE HRB) traded up 1.675% on Monday, hitting $26.405. 2,040,586 shares of the stock traded hands. The firm’s 50 day moving average is $29.31 and its 200 day moving average is $26.88. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 13.927 and a beta of 0.56. H&R Block has a 52 week low of $19.85 and a 52 week high of $31.80.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s dividend payout ratio is presently 49.48%.
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About H&R Block
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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