H&R Block, Inc. (NYSE:HRB) announced its quarterly earnings results on Tuesday. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.62), Briefing.com reports. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The company had revenue of $138 million during the quarter, compared to analyst estimates of $129.33 million. During the same quarter in the previous year, the business earned ($0.56) EPS. The firm’s revenue was up 10.4% on a year-over-year basis.

Shares of H&R Block (HRB) opened at 29.23 on Wednesday. H&R Block has a 52-week low of $19.85 and a 52-week high of $31.80. The company has a 50-day moving average of $30.50 and a 200 day moving average of $26.30. The company has a market capitalization of $6.06 billion, a PE ratio of 15.35 and a beta of 0.54.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 annualized dividend and a yield of 3.28%. H&R Block’s dividend payout ratio is currently 47.76%.

In other news, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the sale, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William C. Cobb sold 750,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the completion of the sale, the insider now directly owns 1,301,458 shares in the company, valued at $39,564,323.20. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock worth $45,309,203 over the last ninety days. Insiders own 0.63% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in shares of H&R Block by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 319,747 shares of the company’s stock valued at $7,351,000 after buying an additional 23,217 shares during the period. DnB Asset Management AS increased its stake in shares of H&R Block by 28.3% in the first quarter. DnB Asset Management AS now owns 17,666 shares of the company’s stock valued at $411,000 after buying an additional 3,900 shares during the period. Retirement Systems of Alabama increased its stake in shares of H&R Block by 16.2% in the first quarter. Retirement Systems of Alabama now owns 335,556 shares of the company’s stock valued at $7,802,000 after buying an additional 46,778 shares during the period. Nationwide Fund Advisors increased its stake in shares of H&R Block by 18.0% in the first quarter. Nationwide Fund Advisors now owns 385,443 shares of the company’s stock valued at $8,962,000 after buying an additional 58,914 shares during the period. Finally, Korea Investment CORP increased its stake in shares of H&R Block by 30.2% in the first quarter. Korea Investment CORP now owns 138,000 shares of the company’s stock valued at $3,209,000 after buying an additional 32,000 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

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Several brokerages have recently issued reports on HRB. BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Morgan Stanley boosted their price target on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. Barrington Research boosted their price target on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, June 19th. BMO Capital Markets boosted their price target on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, June 16th. Finally, Zacks Investment Research raised shares of H&R Block from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. H&R Block has a consensus rating of “Hold” and a consensus target price of $27.63.

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.

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

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