H&R Block, Inc. (NYSE:HRB) Given Consensus Rating of “Hold” by Analysts

H&R Block, Inc. (NYSE:HRB – Get Rating) has earned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $25.00.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of H&R Block from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, February 3rd. StockNews.com began coverage on shares of H&R Block in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

HRB opened at $27.19 on Tuesday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 6.06, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76. The stock’s 50 day moving average price is $25.53 and its two-hundred day moving average price is $24.45. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 127.80. H&R Block has a 12-month low of $21.08 and a 12-month high of $27.41.

H&R Block (NYSE:HRB – Get Rating) last posted its earnings results on Tuesday, February 1st. The company reported ($1.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.28) by $0.26. The business had revenue of $158.82 million during the quarter, compared to the consensus estimate of $158.30 million. H&R Block had a negative return on equity of 665.97% and a net margin of 22.84%. H&R Block’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned ($1.09) EPS. As a group, analysts anticipate that H&R Block will post 2.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Tuesday, March 8th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 3.97%. H&R Block’s payout ratio is 24.05%.

A number of hedge funds and other institutional investors have recently bought and sold shares of HRB. Lindbrook Capital LLC increased its stake in H&R Block by 2,416.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,258 shares of the company’s stock worth $30,000 after purchasing an additional 1,208 shares in the last quarter. Allegheny Financial Group LTD bought a new position in shares of H&R Block during the 4th quarter worth approximately $30,000. Signaturefd LLC grew its stake in shares of H&R Block by 232.2% during the 4th quarter. Signaturefd LLC now owns 1,332 shares of the company’s stock worth $31,000 after acquiring an additional 931 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of H&R Block by 55.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,678 shares of the company’s stock worth $40,000 after acquiring an additional 601 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of H&R Block by 66.5% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,215 shares of the company’s stock worth $55,000 after acquiring an additional 885 shares in the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

H&R Block Company Profile (Get Rating)

H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail, and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice, and tax-related news, use of calculators for tax planning, and error checking and electronic filing.

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