H&R Block, Inc. (NYSE:HRB) Receives Average Rating of “Hold” from Brokerages

H&R Block, Inc. (NYSE:HRB) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $25.00.

A number of analysts recently commented on HRB shares. Morgan Stanley upped their price target on shares of H&R Block from $19.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 25th. Barrington Research restated a “buy” rating and set a $28.00 price target on shares of H&R Block in a research note on Wednesday, June 16th. BMO Capital Markets upped their price target on shares of H&R Block from $21.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, May 31st. Finally, TheStreet upgraded shares of H&R Block from a “c” rating to a “b” rating in a research note on Tuesday, June 15th.

Several large investors have recently modified their holdings of the company. Alpha Omega Wealth Management LLC increased its holdings in shares of H&R Block by 4.3% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 14,380 shares of the company’s stock worth $313,000 after buying an additional 590 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of H&R Block by 35.0% in the 1st quarter. Bessemer Group Inc. now owns 2,347 shares of the company’s stock worth $52,000 after buying an additional 609 shares during the last quarter. Eaton Vance Management grew its holdings in shares of H&R Block by 1.6% during the 1st quarter. Eaton Vance Management now owns 45,835 shares of the company’s stock valued at $999,000 after purchasing an additional 703 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of H&R Block by 0.7% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 121,924 shares of the company’s stock valued at $2,658,000 after purchasing an additional 885 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in shares of H&R Block by 2.8% during the 4th quarter. CI Investments Inc. now owns 36,546 shares of the company’s stock valued at $580,000 after purchasing an additional 989 shares during the last quarter. 83.34% of the stock is currently owned by hedge funds and other institutional investors.

HRB traded down $0.21 during midday trading on Thursday, reaching $24.21. The company had a trading volume of 1,655,886 shares, compared to its average volume of 2,292,042. The company has a market capitalization of $4.39 billion, a PE ratio of 62.08, a PEG ratio of 0.68 and a beta of 0.84. H&R Block has a 12-month low of $13.05 and a 12-month high of $26.23. The business’s 50-day moving average price is $23.91.

H&R Block (NYSE:HRB) last released its earnings results on Monday, June 14th. The company reported $5.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.13 by $0.03. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. H&R Block had a net margin of 3.28% and a negative return on equity of 178.12%. The company’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.01 earnings per share. Research analysts forecast that H&R Block will post 3.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Friday, June 25th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Thursday, June 24th. This is a positive change from H&R Block’s previous quarterly dividend of $0.26. H&R Block’s dividend payout ratio is 123.81%.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation, do-it-yourself (DIY) tax, and virtual tax preparation services and products 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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Analyst Recommendations for H&R Block (NYSE:HRB)

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