H & R Block Inc (HRB) Given Consensus Recommendation of “Hold” by Brokerages

H & R Block Inc (NYSE:HRB) has received a consensus recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $26.10.

Several research firms have recently issued reports on HRB. BMO Capital Markets lowered their price target on shares of H & R Block from $29.00 to $25.00 and set a “market perform” rating on the stock in a research report on Wednesday. Morgan Stanley lowered their price target on shares of H & R Block from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. ValuEngine raised shares of H & R Block from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. BTIG Research reissued a “sell” rating and issued a $21.00 price target on shares of H & R Block in a research report on Sunday, March 11th. Finally, Goldman Sachs Group began coverage on shares of H & R Block in a research report on Tuesday, March 27th. They issued a “neutral” rating and a $28.00 price target on the stock.

HRB stock traded down $0.57 during mid-day trading on Thursday, hitting $23.72. The company had a trading volume of 417,849 shares, compared to its average volume of 3,259,598. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.12 and a beta of 0.27. The company has a debt-to-equity ratio of -3.27, a quick ratio of 1.93 and a current ratio of 1.93. H & R Block has a 12 month low of $23.33 and a 12 month high of $31.80.

H & R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, June 12th. The company reported $5.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.27 by $0.16. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $3.76 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. analysts forecast that H & R Block will post 2.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, June 21st. This is a positive change from H & R Block’s previous quarterly dividend of $0.24. H & R Block’s dividend payout ratio is 48.98%.

A number of institutional investors have recently bought and sold shares of HRB. Ffcm LLC bought a new stake in H & R Block during the 4th quarter worth approximately $137,000. SeaCrest Wealth Management LLC bought a new stake in H & R Block during the 4th quarter worth approximately $142,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in H & R Block by 49.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,978 shares of the company’s stock worth $209,000 after acquiring an additional 2,624 shares during the period. Zeke Capital Advisors LLC bought a new stake in H & R Block during the 1st quarter worth approximately $215,000. Finally, State of Wisconsin Investment Board bought a new stake in H & R Block during the 4th quarter worth approximately $231,000. 97.46% of the stock is currently owned by institutional investors and hedge funds.

H & R Block Company Profile

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

Analyst Recommendations for H & R Block (NYSE:HRB)

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