H&R Block (NYSE:HRB – Get Free Report) released its earnings results on Thursday. The company reported $4.94 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.28, Briefing.com reports. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.20 earnings per share. H&R Block updated its FY24 guidance to $4.10-$4.30 EPS.
H&R Block Stock Up 1.4 %
HRB traded up $0.68 during trading on Thursday, reaching $49.21. 1,131,168 shares of the stock traded hands, compared to its average volume of 1,059,056. H&R Block has a 12 month low of $28.83 and a 12 month high of $52.90. The stock has a market capitalization of $6.87 billion, a PE ratio of 13.47, a P/E/G ratio of 0.89 and a beta of 0.69. The stock’s 50-day moving average is $47.68 and its 200 day moving average is $46.68.
H&R Block Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a yield of 2.60%. H&R Block’s payout ratio is 35.26%.
Insider Buying and Selling at H&R Block
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $55.00 price target on shares of H&R Block in a report on Wednesday, May 1st. The Goldman Sachs Group upped their price target on shares of H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a report on Wednesday, February 7th. Finally, StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.
Read Our Latest Report on H&R Block
H&R Block Company Profile
H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.
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