H & R Block (NYSE:HRB) posted its quarterly earnings results on Tuesday. The company reported $4.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.11 by $0.21, Fidelity Earnings reports. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H & R Block had a net margin of 21.79% and a return on equity of 829.18%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.42 EPS.
NYSE:HRB opened at $27.78 on Wednesday. H & R Block has a fifty-two week low of $22.45 and a fifty-two week high of $29.81. The stock has a market capitalization of $5.59 billion, a PE ratio of 9.32, a PEG ratio of 1.33 and a beta of 0.18.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 21st will be issued a $0.26 dividend. This is a boost from H & R Block’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.74%. H & R Block’s dividend payout ratio (DPR) is currently 33.56%.
A number of research analysts have commented on the stock. Zacks Investment Research raised shares of H & R Block from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday, March 11th. ValuEngine raised shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.67.
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About H & R Block
H&R Block, Inc, through its subsidiaries, 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, 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 by franchisees.
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