H & R Block Inc (NYSE:HRB) – Analysts at Oppenheimer reduced their Q1 2019 earnings per share estimates for shares of H & R Block in a research report issued to clients and investors on Wednesday, June 13th. Oppenheimer analyst S. Schneeberger now expects that the company will earn ($0.76) per share for the quarter, down from their prior estimate of ($0.67). Oppenheimer also issued estimates for H & R Block’s Q2 2019 earnings at ($0.91) EPS, Q3 2019 earnings at ($0.51) EPS, Q4 2019 earnings at $3.99 EPS, FY2019 earnings at $1.82 EPS and FY2020 earnings at $1.82 EPS.
H & R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, June 12th. The company reported $5.43 EPS for the quarter, beating analysts’ consensus estimates of $5.27 by $0.16. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. H & R Block had a negative return on equity of 269.22% and a net margin of 19.40%. H & R Block’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.76 EPS.
Several other equities research analysts have also issued reports on HRB. ValuEngine raised H & R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Northcoast Research raised H & R Block from a “neutral” rating to a “buy” rating and decreased their target price for the company from $25.02 to $24.69 in a research report on Monday, March 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $28.00 target price (up from $27.00) on shares of H & R Block in a research report on Wednesday, March 7th. BTIG Research reaffirmed a “sell” rating and set a $21.00 target price on shares of H & R Block in a research report on Sunday, March 11th. Finally, Goldman Sachs Group initiated coverage on H & R Block in a research report on Tuesday, March 27th. They set a “neutral” rating and a $28.00 target price for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. H & R Block has a consensus rating of “Hold” and an average target price of $26.21.
Shares of H & R Block opened at $23.55 on Monday, MarketBeat Ratings reports. H & R Block has a 1 year low of $23.33 and a 1 year high of $31.80. The firm has a market cap of $4.95 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.13 and a beta of 0.27. The company has a quick ratio of 1.93, a current ratio of 2.24 and a debt-to-equity ratio of 3.80.
Several hedge funds have recently bought and sold shares of HRB. Amundi Pioneer Asset Management Inc. bought a new position in shares of H & R Block during the 4th quarter worth $106,233,000. Allianz Asset Management GmbH grew its stake in shares of H & R Block by 3,360.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,010,858 shares of the company’s stock worth $26,505,000 after acquiring an additional 981,649 shares during the period. Tikehau Investment Management bought a new position in shares of H & R Block during the 1st quarter worth $15,071,000. Todd Asset Management LLC bought a new position in shares of H & R Block during the 1st quarter worth $14,882,000. Finally, American International Group Inc. grew its stake in shares of H & R Block by 610.5% during the 4th quarter. American International Group Inc. now owns 471,272 shares of the company’s stock worth $12,357,000 after acquiring an additional 404,941 shares during the period. Institutional investors own 96.99% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 22nd will be paid a dividend of $0.25 per share. This is an increase from H & R Block’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, June 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.25%. H & R Block’s dividend payout ratio is presently 32.21%.
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.