H&R Block (NYSE:HRB) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

H&R Block (NYSE:HRB) posted its quarterly earnings results on Thursday. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.74 by $0.15, Briefing.com reports. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. H&R Block updated its FY25 guidance to $5.15-5.35 EPS and its FY 2025 guidance to 5.150-5.350 EPS.

H&R Block Stock Up 0.9 %

NYSE HRB traded up $0.50 during trading on Thursday, hitting $57.42. The stock had a trading volume of 1,572,385 shares, compared to its average volume of 1,071,500. The company has a market capitalization of $8.01 billion, a PE ratio of 13.14, a PEG ratio of 0.96 and a beta of 0.68. The firm has a 50 day moving average price of $54.57 and a 200 day moving average price of $50.59. H&R Block has a twelve month low of $36.33 and a twelve month high of $58.63.

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 5th will be given a $0.375 dividend. This is an increase from H&R Block’s previous quarterly dividend of $0.32. This represents a $1.50 annualized dividend and a yield of 2.61%. H&R Block’s payout ratio is currently 29.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HRB. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of H&R Block in a research report on Wednesday. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, July 18th.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 44,975 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $54.55, for a total transaction of $2,453,386.25. Following the completion of the transaction, the chief executive officer now directly owns 712,386 shares of the company’s stock, valued at $38,860,656.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.