The price of H&R Block Inc. (NYSE:HRB) shares last traded on Wall Street rose 2.77% to $29.67.
Based on available information, 4 analysts follow H&R Block Inc. (NYSE:HRB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $28.00, we find $40.00. Given the previous closing price of $28.87, this indicates a potential upside of 38.55 percent. HRB stock price is now -10.90% away from the 50-day moving average and -23.83% away from the 200-day moving average. The market capitalization of the company currently stands at $4.47B.
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Among analysts, 1 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $36.67 as their price target over the next twelve months.
In other news, Johnson Richard A, Director bought 10,000 shares of the company’s stock on May 19. The stock was bought for $295,380 at an average price of $29.54. Upon completion of the transaction, the Director now directly owns 68,729 shares in the company, valued at $2.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11, Director Gerard Robert A bought 500 shares of the business’s stock. A total of $16,064 was incurred on buying the stock at an average price of $32.13. This leaves the insider owning 276,406 shares of the company worth $8.2 million. Insiders disposed of 420,663 shares of company stock worth roughly $12.48 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HRB stock. A new stake in H&R Block Inc. shares was purchased by BOSTON PARTNERS during the first quarter worth $103,470,000. HRT FINANCIAL LP invested $7,056,000 in shares of HRB during the first quarter. In the first quarter, AGF MANAGEMENT LTD acquired a new stake in H&R Block Inc. valued at approximately $2,752,000. OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in HRB for approximately $2,652,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in HRB valued at around $2,474,000 in the second quarter. In total, there are 622 active investors with 93.30% ownership of the company’s stock.
A candlestick chart of H&R Block Inc. (NYSE: HRB) showed a price of $29.24 on Wednesday morning. During the past 12 months, H&R Block Inc. has had a low of $28.83 and a high of $48.76. According to the stock market information, the enterprise value for the company is $7.18B, which is based on a 9.78 price-to-earnings ratio, a 0.98 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for HRB is $33.19 and a two-hundred day moving average price translates $38.90 for the stock.
The latest earnings results from H&R Block Inc. (NYSE: HRB) was released for Mar, 2023. According to the Personal Services Company, earnings per share came in at $4.2, missing analysts’ expectations of $4.46 by -0.26. This compares to -$0.01 EPS in the same period last year. The net profit margin was 2.30% and return on equity was -44.60% for HRB. The company reported revenue of $2.09 billion for the quarter, compared to $2.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.55 percent. For the current quarter, analysts expect HRB to generate $1.01B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/06/2023. Investors who held shares on 06/07/2023 were paid a $0.29 dividend. On an annualized basis, this represents a $1.16 dividend and a 3.91% percent yield. There was an ex-dividend date of 06/06/2023 for this dividend. In terms of dividend payout ratio, HRB is presently at 183.50%.
H&R Block Inc.(HRB) Company Profile
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. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees. It also provides Refund Transfers and H&R Block Emerald Prepaid Mastercard, which enables clients to receive their tax refunds; Peace of Mind extended service plans; H&R Block Emerald Advance lines of credit; Tax Identity Shield that provides clients assistance in helping protect their tax identity and access to services to help restore their tax identity; refund advance loans; H&R Block Instant Refund; and H&R Block Pay With Refund services. In addition, the company offers small business financial solutions through its company-owned or franchise offices, and online. H&R Block, Inc. was founded in 1955 and is headquartered in Kansas City, Missouri.
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