ValuEngine Upgrades H & R Block (HRB) to Hold

H & R Block (NYSE:HRB) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

A number of other research firms also recently issued reports on HRB. Zacks Investment Research downgraded shares of H & R Block from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Goldman Sachs Group downgraded shares of H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 price objective for the company. in a report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. H & R Block presently has a consensus rating of “Hold” and an average price target of $24.67.

NYSE HRB opened at $26.61 on Tuesday. H & R Block has a 52-week low of $22.45 and a 52-week high of $29.81. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 7.79. The firm has a market cap of $5.46 billion, a PE ratio of 8.93, a P/E/G ratio of 1.32 and a beta of 0.10.

H & R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.03). H & R Block had a return on equity of 829.18% and a net margin of 21.79%. The company had revenue of $468.00 million for the quarter, compared to the consensus estimate of $465.48 million. During the same period in the prior year, the firm posted ($1.16) earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. On average, equities analysts expect that H & R Block will post 1.97 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signature Wealth Management Group raised its position in H & R Block by 0.8% in the 1st quarter. Signature Wealth Management Group now owns 122,453 shares of the company’s stock worth $2,932,000 after purchasing an additional 934 shares during the period. Nisa Investment Advisors LLC raised its position in H & R Block by 0.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 136,995 shares of the company’s stock worth $3,280,000 after purchasing an additional 1,058 shares during the period. Sciencast Management LP purchased a new position in H & R Block in the 1st quarter worth $691,000. Retirement Systems of Alabama raised its position in H & R Block by 12.6% in the 1st quarter. Retirement Systems of Alabama now owns 328,185 shares of the company’s stock worth $7,857,000 after purchasing an additional 36,749 shares during the period. Finally, Hamlin Capital Management LLC raised its position in H & R Block by 8.1% in the 1st quarter. Hamlin Capital Management LLC now owns 2,032,637 shares of the company’s stock worth $48,661,000 after purchasing an additional 151,747 shares during the period. 98.03% of the stock is owned by institutional investors.

H & R Block Company Profile

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.

See Also: How are the companies in the S&P 500 selected?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for H & R Block (NYSE:HRB)

Receive News & Ratings for H & R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H & R Block and related companies with MarketBeat.com's FREE daily email newsletter.