H & R Block Inc (NYSE:HRB) Receives Consensus Recommendation of “Hold” from Analysts

H & R Block Inc (NYSE:HRB) has been given a consensus rating of “Hold” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.33.

A number of equities analysts have issued reports on HRB shares. ValuEngine cut Wave Life Sciences from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Barrington Research restated an “outperform” rating on shares of H & R Block in a report on Wednesday, June 12th. Morgan Stanley raised their target price on General Mills from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, June 27th. Finally, Northcoast Research cut H & R Block from a “buy” rating to a “neutral” rating in a report on Tuesday, July 9th.

In other news, VP Kellie J. Logerwell sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $28.68, for a total transaction of $86,040.00. Following the sale, the vice president now owns 7,941 shares of the company’s stock, valued at $227,747.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its position in H & R Block by 83.0% in the 2nd quarter. CENTRAL TRUST Co now owns 915 shares of the company’s stock valued at $26,000 after buying an additional 415 shares during the last quarter. Quadrant Capital Group LLC raised its position in H & R Block by 233.4% in the 1st quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock valued at $31,000 after buying an additional 950 shares during the last quarter. Rational Advisors LLC raised its position in H & R Block by 8,750.0% in the 1st quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock valued at $34,000 after buying an additional 1,400 shares during the last quarter. Old North State Trust LLC acquired a new stake in H & R Block in the 1st quarter valued at approximately $39,000. Finally, CSat Investment Advisory L.P. raised its position in H & R Block by 36.3% in the 1st quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock valued at $54,000 after buying an additional 600 shares during the last quarter. 98.10% of the stock is currently owned by institutional investors.

H & R Block stock traded up $0.48 during mid-day trading on Tuesday, hitting $28.44. The stock had a trading volume of 1,815,534 shares, compared to its average volume of 3,040,793. The firm’s 50-day moving average is $28.04. The firm has a market cap of $5.70 billion, a PE ratio of 13.23, a PEG ratio of 1.42 and a beta of 0.25. H & R Block has a 12 month low of $22.96 and a 12 month high of $29.62. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.16 and a quick ratio of 2.16.

H & R Block (NYSE:HRB) last issued its earnings results on Tuesday, June 11th. The company reported $4.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.11 by $0.21. H & R Block had a return on equity of 364.51% and a net margin of 13.65%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the business earned $5.42 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. Research analysts forecast that H & R Block will post 1.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 21st were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.66%. This is a positive change from H & R Block’s previous quarterly dividend of $0.25. H & R Block’s dividend payout ratio (DPR) is currently 48.37%.

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.

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