H & R Block Inc (NYSE:HRB) – Stock analysts at Oppenheimer increased their Q3 2018 earnings per share estimates for shares of H & R Block in a research note issued on Thursday, Zacks Investment Research reports. Oppenheimer analyst S. Schneeberger now forecasts that the company will earn ($0.45) per share for the quarter, up from their previous estimate of ($0.48). Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for H & R Block’s Q4 2018 earnings at $3.64 EPS.
H & R Block (NYSE:HRB) last released its earnings results on Wednesday, December 6th. The company reported ($0.71) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.01. The firm had revenue of $140.85 million for the quarter, compared to analysts’ expectations of $131.24 million. H & R Block had a negative return on equity of 110.06% and a net margin of 12.90%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.67) EPS.
Other equities research analysts have also recently issued research reports about the company. ValuEngine cut H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Zacks Investment Research upgraded H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $30.00 price objective on shares of H & R Block in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.60.
H & R Block (NYSE:HRB) traded up $0.54 during midday trading on Monday, reaching $26.76. The company’s stock had a trading volume of 2,193,500 shares, compared to its average volume of 1,999,300. The company has a market cap of $5,481.79, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. The company has a debt-to-equity ratio of -3.62, a current ratio of 1.13 and a quick ratio of 1.13. H & R Block has a 12-month low of $19.85 and a 12-month high of $31.80.
Several hedge funds have recently bought and sold shares of HRB. Pinebridge Investments L.P. acquired a new position in shares of H & R Block during the 2nd quarter worth approximately $114,000. Victory Capital Management Inc. increased its holdings in shares of H & R Block by 7.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after acquiring an additional 296 shares during the last quarter. FDO Partners LLC acquired a new position in shares of H & R Block during the 3rd quarter worth approximately $203,000. Assetmark Inc. increased its holdings in shares of H & R Block by 111.9% during the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock worth $209,000 after acquiring an additional 4,170 shares during the last quarter. Finally, Profund Advisors LLC acquired a new position in shares of H & R Block during the 2nd quarter worth approximately $215,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, December 1st. H & R Block’s payout ratio is presently 51.06%.
ILLEGAL ACTIVITY NOTICE: “Oppenheimer Comments on H & R Block Inc’s Q3 2018 Earnings (HRB)” was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.truebluetribune.com/2018/01/03/hr-block-inc-expected-to-post-q3-2018-earnings-of-0-45-per-share-hrb.html.
About H & R Block
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for H & R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H & R Block and related companies with MarketBeat.com's FREE daily email newsletter.