H & R Block Inc (HRB) Expected to Post Earnings of -$0.51 Per Share

Wall Street analysts expect H & R Block Inc (NYSE:HRB) to report earnings of ($0.51) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for H & R Block’s earnings, with estimates ranging from ($0.52) to ($0.51). H & R Block posted earnings of ($1.16) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 56%. The company is scheduled to announce its next earnings report on Tuesday, March 5th.

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

H & R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.93) by $0.10. The firm had revenue of $149.00 million for the quarter, compared to the consensus estimate of $139.80 million. H & R Block had a negative return on equity of 1,557.56% and a net margin of 17.90%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.71) EPS.

HRB has been the topic of a number of analyst reports. ValuEngine raised H & R Block from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Zacks Investment Research downgraded H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Morgan Stanley cut their price target on 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. Finally, Barrington Research reissued a “buy” rating and issued a $27.00 price target on shares of H & R Block in a research note on Thursday, August 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. H & R Block currently has a consensus rating of “Hold” and an average price target of $25.81.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in shares of H & R Block by 327.3% in the 3rd quarter. Morgan Stanley now owns 1,952,712 shares of the company’s stock valued at $50,283,000 after buying an additional 1,495,682 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of H & R Block by 11.2% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 728,388 shares of the company’s stock valued at $18,756,000 after buying an additional 73,456 shares in the last quarter. Teachers Advisors LLC increased its position in shares of H & R Block by 28.8% in the 3rd quarter. Teachers Advisors LLC now owns 366,186 shares of the company’s stock valued at $9,429,000 after buying an additional 81,916 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of H & R Block in the 3rd quarter valued at $655,000. Finally, Mackenzie Financial Corp increased its position in shares of H & R Block by 52.3% in the 3rd quarter. Mackenzie Financial Corp now owns 22,864 shares of the company’s stock valued at $589,000 after buying an additional 7,848 shares in the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.

Shares of HRB stock traded down $0.66 during trading hours on Monday, reaching $27.04. The company had a trading volume of 4,595,821 shares, compared to its average volume of 2,606,558. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 7.79. The company has a market cap of $5.69 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 1.45 and a beta of 0.09. H & R Block has a 1-year low of $22.45 and a 1-year high of $29.81.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Friday, November 30th. H & R Block’s dividend payout ratio is currently 33.56%.

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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