H & R Block Inc (NYSE:HRB) – Stock analysts at Barrington Research issued their Q2 2020 earnings per share (EPS) estimates for H & R Block in a research note issued on Wednesday, June 12th, according to Zacks Investment Research. Barrington Research analyst A. Paris. Jr expects that the company will earn ($0.91) per share for the quarter. Barrington Research has a “Outperform” rating on the stock. Barrington Research also issued estimates for H & R Block’s Q3 2020 earnings at ($0.65) EPS and FY2021 earnings at $2.05 EPS.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of H & R Block from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Monday, March 11th. Morgan Stanley restated an “equal weight” rating and set a $29.00 price objective on shares of H & R Block in a research report on Thursday, June 27th. Finally, ValuEngine upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.50.
Shares of HRB stock traded down $0.15 during trading hours on Monday, reaching $28.81. The stock had a trading volume of 2,497,329 shares, compared to its average volume of 3,092,064. The company’s 50-day simple moving average is $27.67. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.46 and a beta of 0.25. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 2.76. H & R Block has a twelve month low of $22.96 and a twelve month high of $29.62.
H & R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, June 11th. The company reported $4.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.11 by $0.21. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company earned $5.42 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 21st were given a dividend of $0.26 per share. This is a positive change from H & R Block’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, June 20th. This represents a $1.04 annualized dividend and a dividend yield of 3.61%. H & R Block’s dividend payout ratio (DPR) is 48.37%.
A number of hedge funds have recently bought and sold shares of HRB. Amundi Pioneer Asset Management Inc. lifted its position in shares of H & R Block by 92.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock worth $133,986,000 after purchasing an additional 2,687,319 shares in the last quarter. Norges Bank purchased a new stake in shares of H & R Block in the fourth quarter worth approximately $61,212,000. First Eagle Investment Management LLC lifted its position in shares of H & R Block by 21.5% in the first quarter. First Eagle Investment Management LLC now owns 7,705,778 shares of the company’s stock worth $184,476,000 after purchasing an additional 1,363,866 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of H & R Block by 19.2% in the fourth quarter. Bank of New York Mellon Corp now owns 8,417,662 shares of the company’s stock worth $213,556,000 after purchasing an additional 1,355,760 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of H & R Block in the fourth quarter worth approximately $32,597,000. 98.10% of the stock is owned by institutional investors.
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.