Equities Analysts Set Expectations for H&R Block, Inc.’s FY2024 Earnings (NYSE:HRB)

H&R Block, Inc. (NYSE:HRB) – Stock analysts at Barrington Research raised their FY2024 earnings per share (EPS) estimates for H&R Block in a research note issued to investors on Friday, May 10th. Barrington Research analyst A. Paris now anticipates that the company will post earnings of $4.28 per share for the year, up from their prior estimate of $4.25. Barrington Research currently has a “Outperform” rating and a $55.00 price target on the stock. The consensus estimate for H&R Block’s current full-year earnings is $4.29 per share. Barrington Research also issued estimates for H&R Block’s FY2025 earnings at $4.75 EPS.

Several other analysts have also recently issued reports on the stock. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. The Goldman Sachs Group upped their price objective on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a research report on Wednesday, February 7th.

H&R Block Stock Up 8.8 %

HRB stock opened at $53.53 on Monday. H&R Block has a 52 week low of $28.83 and a 52 week high of $54.21. The firm has a market capitalization of $7.47 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a fifty day simple moving average of $47.80 and a two-hundred day simple moving average of $46.83.

H&R Block (NYSE:HRB) last posted its earnings results on Thursday, May 9th. The company reported $4.94 EPS for the quarter, beating analysts’ consensus estimates of $4.66 by $0.28. H&R Block had a negative return on equity of 188.77% and a net margin of 17.87%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the company earned $4.20 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 5th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, June 5th. H&R Block’s dividend payout ratio is currently 29.29%.

Insider Transactions at H&R Block

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the transaction, the chief executive officer now directly owns 755,359 shares in the company, valued at approximately $37,171,216.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On H&R Block

Several hedge funds have recently bought and sold shares of HRB. Exchange Traded Concepts LLC grew its holdings in shares of H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in H&R Block by 5.5% in the 1st quarter. Eagle Bay Advisors LLC now owns 5,035 shares of the company’s stock valued at $249,000 after buying an additional 263 shares during the period. First Citizens Bank & Trust Co. grew its stake in H&R Block by 2.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 11,966 shares of the company’s stock worth $579,000 after acquiring an additional 291 shares in the last quarter. Truist Financial Corp increased its position in shares of H&R Block by 4.1% during the fourth quarter. Truist Financial Corp now owns 7,617 shares of the company’s stock worth $368,000 after acquiring an additional 301 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of H&R Block by 1.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 34,273 shares of the company’s stock valued at $1,658,000 after purchasing an additional 328 shares during the period. Institutional investors own 90.14% of the company’s stock.

About H&R Block

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. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.