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

H&R Block (NYSE:HRB) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $5.15-5.35 for the period, compared to the consensus EPS 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 Stock Performance

NYSE HRB traded up $0.84 during trading hours on Thursday, hitting $63.36. 1,648,810 shares of the stock were exchanged, compared to its average volume of 1,158,254. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.91 and a beta of 0.67. H&R Block has a 12-month low of $39.20 and a 12-month high of $68.45. The stock has a 50-day moving average of $62.18 and a 200 day moving average of $56.78. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, August 15th. The company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.15. H&R Block had a net margin of 16.49% and a negative return on equity of 220.05%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted $2.05 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts forecast that H&R Block will post 5.22 earnings per share for the current year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 5th were paid 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 2.37%. The ex-dividend date was Thursday, September 5th. H&R Block’s dividend payout ratio (DPR) is presently 35.55%.

H&R Block declared that its board has authorized a stock repurchase plan on Thursday, August 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to purchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HRB shares. The Goldman Sachs Group raised their price objective on H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 16th. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a report on Monday, October 28th.

Insider Transactions at H&R Block

In other news, CFO Tony G. Bowen sold 79,259 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 90,095 shares in the company, valued at $5,871,491.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Dara S. Redler sold 9,100 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $64.10, for a total transaction of $583,310.00. Following the sale, the insider now owns 22,066 shares in the company, valued at $1,414,430.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Tony G. Bowen sold 79,259 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.17, for a total value of $5,165,309.03. Following the completion of the transaction, the chief financial officer now directly owns 90,095 shares in the company, valued at $5,871,491.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,927 shares of company stock worth $7,517,056 over the last quarter. 1.30% of the stock is currently owned by insiders.

H&R Block Company Profile

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.