Brokerages expect H & R Block Inc (NYSE:HRB) to post sales of $461.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for H & R Block’s earnings. The lowest sales estimate is $450.20 million and the highest is $472.00 million. H & R Block reported sales of $488.43 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.6%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, March 7th.
According to Zacks, analysts expect that H & R Block will report full-year sales of $3.08 billion for the current year, with estimates ranging from $3.08 billion to $3.09 billion. For the next year, analysts expect that the company will post sales of $3.09 billion, with estimates ranging from $3.05 billion to $3.12 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover H & R Block.
H & R Block (NYSE:HRB) last announced its earnings results on Thursday, December 6th. The company reported ($0.83) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.93) by $0.10. The firm had revenue of $149.00 million for the quarter, compared to the consensus estimate of $139.80 million. H & R Block had a negative return on equity of 1,624.01% and a net margin of 17.90%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.71) EPS.
HRB has been the topic of several recent research reports. Zacks Investment Research raised H & R Block from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Thursday, January 24th. Morgan Stanley boosted their price objective on H & R Block from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, December 7th. ValuEngine downgraded H & R Block from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Finally, Goldman Sachs Group downgraded H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 price objective on the stock. in a research note on Thursday, January 31st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.50.
Shares of HRB opened at $23.53 on Thursday. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 1.29 and a beta of 0.11. H & R Block has a 12 month low of $22.45 and a 12 month high of $29.81. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.04 and a current ratio of 2.04.
Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of H & R Block by 12.0% in the 4th quarter. Geode Capital Management LLC now owns 3,253,810 shares of the company’s stock valued at $82,432,000 after purchasing an additional 349,292 shares during the period. Norges Bank acquired a new position in shares of H & R Block in the 4th quarter valued at about $61,212,000. Teacher Retirement System of Texas lifted its stake in shares of H & R Block by 38.8% in the 4th quarter. Teacher Retirement System of Texas now owns 641,593 shares of the company’s stock valued at $16,277,000 after purchasing an additional 179,214 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of H & R Block by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,729 shares of the company’s stock valued at $33,355,000 after purchasing an additional 34,485 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of H & R Block by 7.0% in the 4th quarter. Amalgamated Bank now owns 42,768 shares of the company’s stock valued at $1,085,000 after purchasing an additional 2,798 shares during the period. 99.12% of the stock is currently owned by institutional investors.
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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