Zacks: Brokerages Anticipate H & R Block Inc (HRB) Will Announce Earnings of -$0.92 Per Share

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Wall Street analysts forecast that H & R Block Inc (NYSE:HRB) will announce earnings of ($0.92) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for H & R Block’s earnings, with the lowest EPS estimate coming in at ($0.93) and the highest estimate coming in at ($0.91). H & R Block reported earnings of ($0.71) per share in the same quarter last year, which would suggest a negative year over year growth rate of 29.6%. The business is expected to issue its next earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that H & R Block will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.90 to $1.93. For the next financial year, analysts anticipate that the firm will post earnings of $2.00 per share, with EPS estimates ranging from $1.90 to $2.10. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow H & R Block.

H & R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 28th. The company reported ($0.72) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.05. The business had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $137.57 million. H & R Block had a net margin of 18.66% and a negative return on equity of 461.55%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.62) earnings per share.

A number of analysts have weighed in on the stock. ValuEngine raised shares of H & R Block from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Zacks Investment Research cut shares of H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Barrington Research reaffirmed a “buy” rating and set a $27.00 target price on shares of H & R Block in a research note on Thursday, August 23rd. Finally, Morgan Stanley decreased their target price on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.67.

Shares of NYSE HRB traded down $0.18 during midday trading on Tuesday, reaching $25.81. 2,070,371 shares of the company were exchanged, compared to its average volume of 3,009,398. The stock has a market cap of $5.30 billion, a PE ratio of 9.09, a PEG ratio of 1.35 and a beta of 0.18. H & R Block has a one year low of $22.45 and a one year high of $29.81. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.27 and a current ratio of 2.27.

The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Wednesday, September 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.87%. H & R Block’s payout ratio is presently 33.56%.

In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the sale, the insider now owns 68,073 shares of the company’s stock, valued at $1,806,657.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Several large investors have recently modified their holdings of HRB. BlackRock Inc. lifted its holdings in shares of H & R Block by 20.5% during the second quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock worth $582,902,000 after purchasing an additional 4,356,920 shares during the period. Millennium Management LLC lifted its holdings in shares of H & R Block by 2,092.5% during the second quarter. Millennium Management LLC now owns 3,162,665 shares of the company’s stock worth $72,046,000 after purchasing an additional 3,018,414 shares during the period. Mackay Shields LLC lifted its holdings in shares of H & R Block by 475.4% during the second quarter. Mackay Shields LLC now owns 1,211,236 shares of the company’s stock worth $27,592,000 after purchasing an additional 1,000,724 shares during the period. Unigestion Holding SA acquired a new position in shares of H & R Block during the second quarter worth $17,847,000. Finally, Scout Investments Inc. lifted its holdings in shares of H & R Block by 71.9% during the second quarter. Scout Investments Inc. now owns 1,414,965 shares of the company’s stock worth $32,233,000 after purchasing an additional 591,662 shares during the period. Institutional investors own 95.34% of the company’s stock.

About H & R Block

H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.

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