H&R Block (HRB) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

H&R Block (NYSE:HRB) announced its earnings results on Wednesday. The company reported ($0.71) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.01, Briefing.com reports. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The business had revenue of $140.85 million for the quarter, compared to analysts’ expectations of $131.24 million. During the same period in the prior year, the business posted ($0.67) earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis.

H&R Block (HRB) opened at $28.99 on Thursday. H&R Block has a twelve month low of $19.85 and a twelve month high of $31.80. The company has a debt-to-equity ratio of -6.97, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $5,496.19, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.21 and a beta of 0.56.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, December 1st. H&R Block’s dividend payout ratio is currently 49.48%.

A number of research firms have issued reports on HRB. Zacks Investment Research upgraded H&R Block from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BMO Capital Markets restated a “hold” rating and set a $27.00 price target on shares of H&R Block in a report on Friday, October 13th. ValuEngine upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Oppenheimer restated a “market perform” rating on shares of H&R Block in a report on Thursday, August 31st. Finally, Northcoast Research restated a “neutral” rating on shares of H&R Block in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.67.

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H&R Block Company Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.

Earnings History for H&R Block (NYSE:HRB)

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