H&R Block, Inc. (NYSE:HRB) – Investment analysts at Northcoast Research boosted their Q2 2018 earnings per share estimates for H&R Block in a research note issued on Wednesday. Northcoast Research analyst K. Mehta now anticipates that the company will earn ($0.72) per share for the quarter, up from their previous estimate of ($0.73). Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for H&R Block’s Q3 2018 earnings at ($0.49) EPS.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.62). The firm had revenue of $138 million for the quarter, compared to analyst estimates of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. H&R Block’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.56) earnings per share.

ILLEGAL ACTIVITY NOTICE: “Northcoast Research Analysts Increase Earnings Estimates for H&R Block, Inc. (HRB)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/01/northcoast-research-analysts-increase-earnings-estimates-for-hr-block-inc-hrb.html.

Several other research analysts have also commented on HRB. BidaskClub raised H&R Block from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $31.00 price target on shares of H&R Block in a research report on Thursday. Zacks Investment Research lowered H&R Block from a “hold” rating to a “sell” rating in a research report on Thursday. Credit Suisse Group reaffirmed a “neutral” rating and set a $30.00 price target (up previously from $29.00) on shares of H&R Block in a research report on Wednesday. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. H&R Block currently has an average rating of “Hold” and an average price target of $27.71.

Shares of H&R Block (NYSE:HRB) opened at 26.6125 on Friday. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 14.0361 and a beta of 0.54. The company has a 50-day moving average price of $30.14 and a 200-day moving average price of $26.50. H&R Block has a 12 month low of $19.85 and a 12 month high of $31.80.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HRB. Pinebridge Investments L.P. bought a new position in H&R Block during the second quarter worth about $114,000. Victory Capital Management Inc. increased its stake in H&R Block by 7.9% in the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after buying an additional 296 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in H&R Block by 58.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock worth $106,000 after buying an additional 1,682 shares during the period. TrimTabs Asset Management LLC increased its stake in H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock worth $108,000 after buying an additional 2,184 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in H&R Block during the first quarter worth $122,000. 90.28% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider William C. Cobb sold 750,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total value of $22,800,000.00. Following the transaction, the insider now owns 1,301,458 shares of the company’s stock, valued at $39,564,323.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William C. Cobb sold 387,740 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $31.19, for a total value of $12,093,610.60. Following the completion of the transaction, the insider now directly owns 658,463 shares in the company, valued at approximately $20,537,460.97. The disclosure for this sale can be found here. In the last three months, insiders sold 1,473,471 shares of company stock worth $45,309,203. Corporate insiders own 0.63% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s payout ratio is currently 49.48%.

H&R Block Company Profile

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

Receive News & Stock Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related stocks with our FREE daily email newsletter.