H&R Block (NYSE:HRB) Releases FY25 Earnings Guidance

H&R Block (NYSE:HRB) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $5.15-5.35 for the period, compared to the consensus earnings per share estimate of $5.26. The company issued revenue guidance of $3.69-3.75 billion, compared to the consensus revenue estimate of $3.72 billion. H&R Block also updated its FY 2025 guidance to 5.150-5.350 EPS.

H&R Block Stock Down 6.6 %

NYSE:HRB traded down $4.18 during trading hours on Friday, reaching $59.18. The company’s stock had a trading volume of 2,518,300 shares, compared to its average volume of 1,073,137. H&R Block has a one year low of $41.98 and a one year high of $68.45. The business’s 50-day moving average is $62.09 and its 200-day moving average is $56.98. The company has a debt-to-equity ratio of 16.46, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, August 15th. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. 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 prior year, the firm posted $2.05 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts predict that H&R Block will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.53%. H&R Block’s dividend payout ratio is 35.55%.

H&R Block announced that its board has authorized a stock buyback plan on Thursday, August 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to reacquire up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HRB shares. Barrington Research reiterated an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research report on Friday. The Goldman Sachs Group increased their price objective on shares of H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 16th. Finally, StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 9,722 shares of H&R Block stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total value of $613,166.54. Following the completion of the transaction, the chief executive officer now owns 893,169 shares in the company, valued at approximately $56,332,168.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other H&R Block news, CEO Jeffrey J. Jones II sold 9,722 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total value of $613,166.54. Following the completion of the sale, the chief executive officer now owns 893,169 shares in the company, valued at approximately $56,332,168.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Tony G. Bowen sold 79,259 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the transaction, the chief financial officer now owns 90,095 shares in the company, valued at $5,871,491.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,927 shares of company stock valued at $7,517,056. 1.30% of the stock is currently owned by company 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.