H&R Block (HRB) Set to Announce Quarterly Earnings on Thursday

H&R Block (NYSE:HRB) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $4.66 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, topping analysts’ consensus estimates of ($1.58) by $0.31. The business had revenue of $179.10 million during the quarter, compared to analysts’ expectations of $169.45 million. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.37) earnings per share. On average, analysts expect H&R Block to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

H&R Block Price Performance

Shares of H&R Block stock opened at $49.31 on Wednesday. H&R Block has a one year low of $28.83 and a one year high of $52.90. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. The stock’s 50-day moving average is $47.71 and its 200-day moving average is $46.66.

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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.60%. H&R Block’s dividend payout ratio (DPR) is currently 35.26%.

Analyst Ratings Changes

Several brokerages have commented on HRB. The Goldman Sachs Group lifted their target price on H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a report on Wednesday, February 7th. Barrington Research reiterated an “outperform” rating and set a $55.00 price target on shares of H&R Block in a report on Wednesday, May 1st. Finally, StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

Insider Transactions at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of H&R Block stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the completion of the transaction, the chief executive officer now owns 755,359 shares in the company, valued at $37,171,216.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% 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.