ValuEngine Lowers H & R Block (NYSE:HRB) to Hold

ValuEngine lowered shares of H & R Block (NYSE:HRB) from a buy rating to a hold rating in a report published on Friday, March 9th.

A number of other equities analysts have also commented on the company. Morgan Stanley reissued an equal weight rating and issued a $28.00 price objective (up previously from $27.00) on shares of H & R Block in a research note on Wednesday, March 7th. Northcoast Research raised H & R Block from a neutral rating to a buy rating and cut their price target for the company from $25.02 to $24.69 in a research note on Monday, March 5th. Zacks Investment Research upgraded H & R Block from a hold rating to a buy rating and set a $27.00 price objective for the company in a report on Tuesday, February 6th. BMO Capital Markets upped their price objective on H & R Block from $2.75 to $31.00 and gave the company a market perform rating in a report on Tuesday, January 23rd. Finally, Oppenheimer reiterated a hold rating on shares of H & R Block in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $27.71.

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Shares of HRB traded down $0.84 on Friday, reaching $24.57. 4,152,973 shares of the stock traded hands, compared to its average volume of 3,535,170. The stock has a market cap of $5,312.44, a PE ratio of 12.96, a P/E/G ratio of 0.84 and a beta of 0.29. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of -3.27. H & R Block has a 12 month low of $22.82 and a 12 month high of $31.80.

H & R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.29) by $0.13. The business had revenue of $488.00 million for the quarter, compared to analyst estimates of $459.14 million. H & R Block had a negative return on equity of 77.32% and a net margin of 8.19%. H & R Block’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.49) EPS. equities analysts forecast that H & R Block will post 2.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Tuesday, March 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.91%. H & R Block’s payout ratio is 48.98%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of H & R Block during the fourth quarter worth approximately $106,233,000. Schroder Investment Management Group increased its stake in H & R Block by 58.9% during the 4th quarter. Schroder Investment Management Group now owns 4,594,678 shares of the company’s stock worth $120,472,000 after acquiring an additional 1,703,381 shares during the period. American Century Companies Inc. increased its stake in H & R Block by 94.4% during the 3rd quarter. American Century Companies Inc. now owns 2,316,675 shares of the company’s stock worth $61,346,000 after acquiring an additional 1,124,910 shares during the period. Allianz Asset Management GmbH increased its stake in H & R Block by 3,360.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,010,858 shares of the company’s stock worth $26,505,000 after acquiring an additional 981,649 shares during the period. Finally, Wells Fargo & Company MN increased its stake in H & R Block by 217.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,374,306 shares of the company’s stock worth $36,392,000 after acquiring an additional 941,182 shares during the period. 95.27% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for H & R Block (NYSE:HRB)

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