H & R Block (HRB) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS

H & R Block (NYSE:HRB) announced its quarterly earnings data on Thursday. The company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.93) by $0.10, Briefing.com reports. The firm had revenue of $149.00 million during the quarter, compared to the consensus estimate of $139.80 million. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.71) EPS.

HRB opened at $27.52 on Thursday. H & R Block has a fifty-two week low of $22.45 and a fifty-two week high of $29.81. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market cap of $5.66 billion, a PE ratio of 9.23, a PEG ratio of 1.44 and a beta of 0.09.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, November 30th. H & R Block’s dividend payout ratio (DPR) is presently 33.56%.

A number of equities research analysts have recently weighed in on HRB shares. Zacks Investment Research reaffirmed a “hold” rating on shares of H & R Block in a research note on Tuesday, November 13th. ValuEngine raised H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Morgan Stanley cut their price target on H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, August 29th. Finally, Barrington Research reaffirmed a “buy” rating and set a $27.00 price target on shares of H & R Block in a research note on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.67.

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

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