H&R Block (NYSE:HRB) Releases Earnings Results, Beats Expectations By $0.17 EPS

H&R Block (NYSE:HRB) posted its quarterly earnings data on Tuesday. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.17, Zacks reports. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%. H&R Block updated its FY 2027 guidance to 6.040-6.240 EPS.

H&R Block Price Performance

Shares of NYSE:HRB traded up $0.77 on Tuesday, reaching $46.70. 4,520,249 shares of the company traded hands, compared to its average volume of 2,399,316. H&R Block has a fifty-two week low of $28.16 and a fifty-two week high of $54.42. The company’s 50 day moving average is $39.84 and its 200-day moving average is $35.68. The stock has a market capitalization of $5.92 billion, a PE ratio of 8.31, a P/E/G ratio of 0.65 and a beta of 0.34.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HRB. Stephens initiated coverage on H&R Block in a report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 target price on the stock. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Barrington Research restated an “outperform” rating and set a $50.00 price objective on shares of H&R Block in a research report on Monday, April 27th. Finally, Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.00.

Hedge Funds Weigh In On H&R Block

A number of hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of H&R Block during the fourth quarter worth $28,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of H&R Block by 100.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock valued at $39,000 after purchasing an additional 357 shares during the period. Danske Bank A S purchased a new position in H&R Block in the 3rd quarter worth about $46,000. EverSource Wealth Advisors LLC increased its stake in H&R Block by 119.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock worth $50,000 after purchasing an additional 497 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in H&R Block by 71.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,226 shares of the company’s stock worth $67,000 after buying an additional 513 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Company Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.