H & R Block Inc (NYSE:HRB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of H & R Block Inc (NYSE:HRB) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $26.33.

Several research firms recently issued reports on HRB. Barrington Research reissued an “outperform” rating on shares of H & R Block in a research report on Wednesday, June 12th. Northcoast Research cut shares of H & R Block from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 9th. ValuEngine cut shares of Wave Life Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Morgan Stanley raised their target price on shares of General Mills from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 27th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th.

In related news, VP Kellie J. Logerwell sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $28.68, for a total value of $86,040.00. Following the transaction, the vice president now owns 7,941 shares in the company, valued at $227,747.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.



A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Treasurer State of Michigan raised its holdings in H & R Block by 0.7% in the first quarter. State Treasurer State of Michigan now owns 59,198 shares of the company’s stock valued at $1,417,000 after buying an additional 400 shares during the period. CENTRAL TRUST Co raised its holdings in H & R Block by 83.0% in the second quarter. CENTRAL TRUST Co now owns 915 shares of the company’s stock valued at $26,000 after buying an additional 415 shares during the period. CSat Investment Advisory L.P. raised its holdings in H & R Block by 36.3% in the first quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock valued at $54,000 after buying an additional 600 shares during the period. ETF Managers Group LLC raised its holdings in H & R Block by 12.0% in the first quarter. ETF Managers Group LLC now owns 5,748 shares of the company’s stock valued at $138,000 after buying an additional 617 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in H & R Block by 9.8% in the first quarter. Daiwa Securities Group Inc. now owns 7,819 shares of the company’s stock valued at $187,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 98.10% of the company’s stock.

Shares of HRB traded up $0.20 during mid-day trading on Tuesday, hitting $28.33. The company had a trading volume of 2,151,097 shares, compared to its average volume of 2,955,310. The business has a 50-day moving average of $27.98. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 2.76. H & R Block has a 1-year low of $22.96 and a 1-year high of $29.62. The company has a market cap of $5.72 billion, a PE ratio of 13.18, a PEG ratio of 1.42 and a beta of 0.25.

H & R Block (NYSE:HRB) last released its earnings results on Tuesday, June 11th. The company reported $4.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.11 by $0.21. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the company earned $5.42 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Research analysts forecast that H & R Block will post 1.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 21st were issued a $0.26 dividend. This is a positive change from H & R Block’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $1.04 annualized dividend and a yield of 3.67%. H & R Block’s dividend payout ratio (DPR) is presently 48.37%.

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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