FY2027 EPS Estimates for H&R Block Boosted by Zacks Research

H&R Block, Inc. (NYSE:HRB) – Research analysts at Zacks Research boosted their FY2027 earnings per share estimates for shares of H&R Block in a report released on Monday, August 31st. Zacks Research analyst Team now anticipates that the company will post earnings of $6.06 per share for the year, up from their previous forecast of $5.57. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for H&R Block’s current full-year earnings is $6.14 per share. Zacks Research also issued estimates for H&R Block’s Q4 2027 earnings at $2.78 EPS, FY2028 earnings at $5.58 EPS and FY2029 earnings at $6.32 EPS.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.17. H&R Block had a negative return on equity of 214.84% and a net margin of 18.59%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business earned $2.27 earnings per share. The business’s revenue was up 255.5% compared to the same quarter last year. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS.

HRB has been the subject of a number of other reports. Barrington Research raised their target price on H&R Block from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Stephens initiated coverage on shares of H&R Block in a research report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price target on the stock. Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group raised their price objective on shares of H&R Block from $29.00 to $33.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.67.

H&R Block Stock Performance

NYSE HRB opened at $51.65 on Tuesday. The stock’s fifty day moving average is $44.58 and its two-hundred day moving average is $37.25. The firm has a market capitalization of $6.55 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.68 and a beta of 0.34. The company has a debt-to-equity ratio of 12.69, a quick ratio of 1.13 and a current ratio of 1.13. H&R Block has a fifty-two week low of $28.16 and a fifty-two week high of $58.67.

Institutional Investors Weigh In On H&R Block

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HRB. California State Teachers Retirement System grew its holdings in shares of H&R Block by 3,648.3% during the 2nd quarter. California State Teachers Retirement System now owns 5,592,886 shares of the company’s stock worth $212,977,000 after purchasing an additional 5,443,675 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in H&R Block by 4.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,516 shares of the company’s stock valued at $186,763,000 after buying an additional 191,608 shares during the period. Boston Partners raised its holdings in H&R Block by 20.2% in the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock valued at $196,542,000 after buying an additional 652,690 shares during the period. Lazard Asset Management LLC lifted its position in H&R Block by 50.9% in the first quarter. Lazard Asset Management LLC now owns 3,761,094 shares of the company’s stock valued at $119,377,000 after buying an additional 1,269,064 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in H&R Block by 31.2% in the fourth quarter. AQR Capital Management LLC now owns 3,402,728 shares of the company’s stock valued at $146,998,000 after buying an additional 809,438 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.6%. This is a positive change from H&R Block’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, September 3rd. H&R Block’s payout ratio is 29.37%.

About H&R Block

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.