H&R Block (NYSE:HRB) Updates FY 2024 Earnings Guidance

H&R Block (NYSE:HRB) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.300-4.300 for the period, compared to the consensus estimate of 4.240. The company issued revenue guidance of $3.6 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion. H&R Block also updated its FY24 guidance to $4.10-$4.30 EPS.

Analysts Set New Price Targets

A number of brokerages have weighed in on HRB. Barrington Research reiterated an outperform rating and issued a $55.00 price target on shares of H&R Block in a report on Wednesday, May 1st. The Goldman Sachs Group upped their target price on shares of H&R Block from $34.00 to $38.00 and gave the company a sell rating in a research note on Wednesday, February 7th. Finally, StockNews.com raised shares of H&R Block from a hold rating to a buy rating in a research note on Thursday, March 7th.

H&R Block Trading Up 1.4 %

Shares of NYSE HRB opened at $49.21 on Friday. H&R Block has a twelve month low of $28.83 and a twelve month high of $52.90. The business has a 50 day simple moving average of $47.69 and a 200-day simple moving average of $46.69. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.28. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business earned $4.20 earnings per share. H&R Block’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that H&R Block will post 4.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a yield of 2.60%. H&R Block’s dividend payout ratio is currently 35.26%.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction that occurred 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 directly owns 755,359 shares in the company, valued at $37,171,216.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

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.