H&R Block (NYSE:HRB) Updates FY 2027 Earnings Guidance

H&R Block (NYSE:HRB) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 6.040-6.240 for the period, compared to the consensus earnings per share estimate of 5.820. The company issued revenue guidance of $4.1 billion-$4.2 billion, compared to the consensus revenue estimate of $4.0 billion.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HRB shares. Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a report on Monday, April 27th. Finally, Stephens initiated coverage on shares of H&R Block in a research report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.00.

H&R Block Trading Up 1.7%

HRB stock traded up $0.77 during trading on Tuesday, hitting $46.70. The company had a trading volume of 4,471,791 shares, compared to its average volume of 2,393,365. The business has a 50 day moving average of $39.84 and a 200 day moving average of $35.68. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 0.65 and a beta of 0.34. H&R Block has a fifty-two week low of $28.16 and a fifty-two week high of $54.42.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.17. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. As a group, equities analysts predict that H&R Block will post 5.18 EPS for the current year.

Institutional Trading of H&R Block

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of H&R Block by 85.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,191 shares of the company’s stock valued at $119,000 after buying an additional 1,009 shares during the period. Jones Financial Companies Lllp raised its position in H&R Block by 3.6% in the first quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company’s stock worth $627,000 after acquiring an additional 400 shares in the last quarter. Goldman Sachs Group Inc. raised its position in H&R Block by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company’s stock worth $46,593,000 after acquiring an additional 112,127 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in H&R Block by 100.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock valued at $39,000 after acquiring an additional 357 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in H&R Block by 119.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock valued at $50,000 after acquiring an additional 497 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Company Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.