H&R Block, Inc. (HRB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of H&R Block, Inc. (NYSE:HRB) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $26.67.

A number of brokerages have commented on HRB. Northcoast Research reaffirmed a “neutral” rating on shares of H&R Block in a report on Wednesday, August 30th. ValuEngine lowered H&R Block from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $30.00 price objective (up from $29.00) on shares of H&R Block in a report on Wednesday, August 30th. BidaskClub raised H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research raised H&R Block from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th.

H&R Block (NYSE HRB) traded down $0.19 on Friday, reaching $25.66. The company had a trading volume of 873,457 shares, compared to its average volume of 2,470,000. H&R Block has a twelve month low of $19.85 and a twelve month high of $31.80. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of -6.97. The company has a market cap of $5,360.00, a PE ratio of 12.96, a PEG ratio of 1.18 and a beta of 0.54.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The business had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter in the prior year, the business earned ($0.56) EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. analysts predict that H&R Block will post 1.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Friday, December 1st. H&R Block’s dividend payout ratio is 49.74%.

A number of hedge funds and other institutional investors have recently modified their holdings of HRB. Pinebridge Investments L.P. acquired a new stake in shares of H&R Block during the 2nd quarter worth $114,000. Victory Capital Management Inc. grew its holdings in shares of H&R Block by 7.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after purchasing an additional 296 shares in the last quarter. FDO Partners LLC acquired a new stake in shares of H&R Block during the 3rd quarter worth $203,000. Assetmark Inc. grew its holdings in shares of H&R Block by 111.9% during the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock worth $209,000 after purchasing an additional 4,170 shares in the last quarter. Finally, ARP Americas LLC acquired a new stake in shares of H&R Block during the 2nd quarter worth $210,000. 92.58% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “H&R Block, Inc. (HRB) Receives Consensus Recommendation of “Hold” from Analysts” was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://transcriptdaily.com/2017/11/26/hr-block-inc-hrb-receives-consensus-recommendation-of-hold-from-analysts.html.

About H&R Block

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.

Analyst Recommendations for H&R Block (NYSE:HRB)

Receive News & Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply