H&R Block, Inc. Expected to Post Q4 2022 Earnings of $1.24 Per Share (NYSE:HRB)

H&R Block, Inc. (NYSE:HRBGet Rating) – Barrington Research decreased their Q4 2022 earnings per share estimates for shares of H&R Block in a report released on Wednesday, May 11th. Barrington Research analyst A. Paris. Jr now expects that the company will post earnings per share of $1.24 for the quarter, down from their previous estimate of $1.39.

A number of other research firms also recently commented on HRB. StockNews.com started coverage on H&R Block in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded H&R Block from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.00.

Shares of NYSE HRB opened at $28.41 on Thursday. The company has a debt-to-equity ratio of 127.80, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $4.67 billion, a PE ratio of 6.33, a P/E/G ratio of 0.69 and a beta of 0.71. The business has a 50-day simple moving average of $26.23 and a two-hundred day simple moving average of $24.67. H&R Block has a fifty-two week low of $21.08 and a fifty-two week high of $28.63.

H&R Block (NYSE:HRBGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.36. H&R Block had a negative return on equity of 665.97% and a net margin of 22.84%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned ($1.17) earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Essex Financial Services Inc. boosted its stake in H&R Block by 4.5% during the third quarter. Essex Financial Services Inc. now owns 10,360 shares of the company’s stock worth $259,000 after buying an additional 450 shares during the last quarter. CI Investments Inc. lifted its stake in shares of H&R Block by 5.1% in the 3rd quarter. CI Investments Inc. now owns 9,467 shares of the company’s stock valued at $237,000 after purchasing an additional 457 shares during the last quarter. Shilanski & Associates Inc. lifted its stake in shares of H&R Block by 1.0% in the 4th quarter. Shilanski & Associates Inc. now owns 50,552 shares of the company’s stock valued at $1,199,000 after purchasing an additional 511 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of H&R Block by 24.4% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,755 shares of the company’s stock valued at $65,000 after purchasing an additional 540 shares during the last quarter. Finally, River & Mercantile Asset Management LLP lifted its stake in shares of H&R Block by 0.6% in the 4th quarter. River & Mercantile Asset Management LLP now owns 92,700 shares of the company’s stock valued at $2,184,000 after purchasing an additional 540 shares during the last quarter. 86.46% of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 8th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Tuesday, June 7th. H&R Block’s payout ratio is 24.05%.

H&R Block Company Profile (Get Rating)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products 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 its franchisees.

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Earnings History and Estimates for H&R Block (NYSE:HRB)

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