H & R Block Inc (HRB) Given Average Recommendation of “Hold” by Analysts

H & R Block Inc (NYSE:HRB) has been given a consensus rating of “Hold” by the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.81.

HRB has been the subject of several research reports. BMO Capital Markets increased their price objective on shares of H & R Block from $2.75 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday, January 23rd. ValuEngine downgraded shares of H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Zacks Investment Research downgraded shares of H & R Block from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. Northcoast Research raised shares of H & R Block from a “neutral” rating to a “buy” rating and dropped their price target for the company from $25.02 to $24.69 in a research note on Monday, March 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $28.00 price target (up previously from $27.00) on shares of H & R Block in a research note on Wednesday, March 7th.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Eqis Capital Management Inc. lifted its stake in shares of H & R Block by 9.3% in the fourth quarter. Eqis Capital Management Inc. now owns 21,966 shares of the company’s stock valued at $576,000 after buying an additional 1,873 shares in the last quarter. Comerica Bank lifted its stake in shares of H & R Block by 2.9% in the fourth quarter. Comerica Bank now owns 69,476 shares of the company’s stock valued at $1,887,000 after buying an additional 1,961 shares in the last quarter. CHICAGO TRUST Co NA lifted its stake in shares of H & R Block by 22.2% in the fourth quarter. CHICAGO TRUST Co NA now owns 11,000 shares of the company’s stock valued at $288,000 after buying an additional 2,000 shares in the last quarter. Cambiar Investors LLC lifted its stake in shares of H & R Block by 1.6% in the fourth quarter. Cambiar Investors LLC now owns 137,255 shares of the company’s stock valued at $3,599,000 after buying an additional 2,173 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of H & R Block by 5.7% during the fourth quarter. Amalgamated Bank now owns 43,267 shares of the company’s stock valued at $1,134,000 after purchasing an additional 2,319 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

NYSE:HRB traded up $0.02 on Friday, hitting $25.69. The company had a trading volume of 946,784 shares, compared to its average volume of 3,450,779. The company has a market cap of $5,295.71, a price-to-earnings ratio of 13.11, a PEG ratio of 0.84 and a beta of 0.29. The company has a debt-to-equity ratio of -3.27, a current ratio of 1.93 and a quick ratio of 1.93. H & R Block has a 52 week low of $22.82 and a 52 week high of $31.80.

H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.29) by $0.13. The business had revenue of $488.00 million during the quarter, compared to the consensus estimate of $459.14 million. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.49) EPS. analysts expect that H & R Block will post 2.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Tuesday, March 13th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Monday, March 12th. H & R Block’s dividend payout ratio (DPR) is presently 48.98%.

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About H & R Block

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.

Analyst Recommendations for H & R Block (NYSE:HRB)

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