H & R Block (HRB) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

H & R Block (NYSE:HRB) released its quarterly earnings data on Monday. The company reported $5.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.27 by $0.16, Bloomberg Earnings reports. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. H & R Block had a negative return on equity of 77.32% and a net margin of 8.19%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.76 earnings per share.

H & R Block opened at $29.60 on Wednesday, according to MarketBeat Ratings. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of -3.27. The stock has a market capitalization of $6.14 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.12 and a beta of 0.27. H & R Block has a 1 year low of $23.59 and a 1 year high of $31.80.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 22nd will be paid a $0.25 dividend. This is a boost from H & R Block’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.38%. H & R Block’s dividend payout ratio (DPR) is presently 48.98%.

Several research analysts have recently commented on HRB shares. ValuEngine upgraded H & R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Northcoast Research upgraded H & R Block from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $25.02 to $24.69 in a report on Monday, March 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $28.00 price objective (up previously from $27.00) on shares of H & R Block in a report on Wednesday, March 7th. BTIG Research reiterated a “sell” rating and issued a $21.00 price objective on shares of H & R Block in a report on Sunday, March 11th. Finally, Goldman Sachs Group started coverage on H & R Block in a report on Tuesday, March 27th. They issued a “neutral” rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.96.

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.

Earnings History for H & R Block (NYSE:HRB)

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