Oppenheimer Comments on H & R Block Inc’s Q3 2018 Earnings (HRB)

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%.

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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.

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Earnings History and Estimates for H & R Block (NYSE:HRB)

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