Zacks: Brokerages Expect H & R Block Inc (NYSE:HRB) Will Announce Earnings of -$0.91 Per Share

Wall Street brokerages forecast that H & R Block Inc (NYSE:HRB) will announce ($0.91) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for H & R Block’s earnings. The highest EPS estimate is ($0.89) and the lowest is ($0.93). H & R Block posted earnings per share of ($0.83) during the same quarter last year, which suggests a negative year over year growth rate of 9.6%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, December 4th.

According to Zacks, analysts expect that H & R Block will report full-year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $1.91 to $2.17. For the next year, analysts anticipate that the business will post earnings of $2.06 per share, with EPS estimates ranging from $1.89 to $2.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow H & R Block.

Several brokerages recently weighed in on HRB. TheStreet downgraded H & R Block from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. Barrington Research restated a “buy” rating and set a $30.00 price objective on shares of H & R Block in a research report on Monday. Morgan Stanley dropped their price objective on H & R Block from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Jefferies Financial Group began coverage on H & R Block in a research report on Wednesday, November 27th. They set a “hold” rating and a $28.00 price objective for the company. Finally, ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.20.

Shares of HRB stock traded down $0.21 on Wednesday, hitting $23.39. 5,168,261 shares of the company’s stock were exchanged, compared to its average volume of 3,031,356. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.29 and a quick ratio of 1.29. H & R Block has a 12 month low of $22.96 and a 12 month high of $29.62. The stock has a market cap of $4.89 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 1.21 and a beta of 0.22. The company has a 50 day moving average of $24.49 and a 200 day moving average of $26.03.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 9th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.04 annualized dividend and a yield of 4.45%. H & R Block’s dividend payout ratio is presently 48.37%.

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position in H & R Block by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 85,035 shares of the company’s stock valued at $2,492,000 after purchasing an additional 403 shares during the last quarter. Brinker Capital Inc. raised its position in H & R Block by 0.8% in the third quarter. Brinker Capital Inc. now owns 75,536 shares of the company’s stock valued at $1,787,000 after purchasing an additional 590 shares during the last quarter. Comerica Bank raised its position in H & R Block by 1.4% in the second quarter. Comerica Bank now owns 45,742 shares of the company’s stock valued at $1,289,000 after purchasing an additional 634 shares during the last quarter. Assetmark Inc. raised its position in H & R Block by 8.6% in the second quarter. Assetmark Inc. now owns 8,694 shares of the company’s stock valued at $255,000 after purchasing an additional 686 shares during the last quarter. Finally, Anderson Fisher LLC raised its position in H & R Block by 1.6% in the second quarter. Anderson Fisher LLC now owns 46,910 shares of the company’s stock valued at $1,374,000 after purchasing an additional 741 shares during the last quarter.

H & R Block Company Profile

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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Earnings History and Estimates for H & R Block (NYSE:HRB)

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