Q3 2024 Earnings Estimate for H&R Block, Inc. (NYSE:HRB) Issued By Barrington Research

H&R Block, Inc. (NYSE:HRBFree Report) – Analysts at Barrington Research dropped their Q3 2024 earnings estimates for H&R Block in a research report issued on Wednesday, February 7th. Barrington Research analyst A. Paris now anticipates that the company will post earnings per share of $4.69 for the quarter, down from their previous estimate of $4.73. Barrington Research currently has a “Outperform” rating and a $48.00 target price on the stock. The consensus estimate for H&R Block’s current full-year earnings is $4.20 per share. Barrington Research also issued estimates for H&R Block’s Q4 2024 earnings at $2.01 EPS, FY2024 earnings at $4.25 EPS and FY2025 earnings at $4.70 EPS.

A number of other equities analysts also recently commented on HRB. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. The Goldman Sachs Group lifted their price target on shares of H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a research report on Wednesday.

Check Out Our Latest Stock Report on H&R Block

H&R Block Price Performance

Shares of HRB stock opened at $45.73 on Thursday. The company has a debt-to-equity ratio of 46.44, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50-day moving average is $46.94 and its two-hundred day moving average is $42.87. H&R Block has a 12 month low of $28.83 and a 12 month high of $49.14. The company has a market capitalization of $6.58 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70.

H&R Block (NYSE:HRBGet Free Report) last issued its earnings results on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, topping analysts’ consensus estimates of ($1.58) by $0.31. H&R Block had a net margin of 16.98% and a negative return on equity of 547.48%. The company had revenue of $179.10 million for the quarter, compared to the consensus estimate of $169.45 million. During the same period in the previous year, the firm earned ($1.37) earnings per share. H&R Block’s quarterly revenue was up 7.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC increased its holdings in shares of H&R Block by 88.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 18,796 shares of the company’s stock worth $909,000 after buying an additional 8,808 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of H&R Block by 88.6% during the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 20,747 shares of the company’s stock worth $1,004,000 after buying an additional 9,744 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of H&R Block by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,469,698 shares of the company’s stock worth $119,463,000 after buying an additional 79,759 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of H&R Block by 415.0% during the 4th quarter. BNP Paribas Financial Markets now owns 782,288 shares of the company’s stock worth $37,839,000 after buying an additional 630,384 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of H&R Block by 53.0% during the 4th quarter. Teacher Retirement System of Texas now owns 105,363 shares of the company’s stock worth $5,096,000 after buying an additional 36,517 shares during the last quarter. 90.89% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other H&R Block news, CFO Tony G. Bowen sold 46,892 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $47.10, for a total transaction of $2,208,613.20. Following the transaction, the chief financial officer now owns 125,591 shares in the company, valued at approximately $5,915,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, March 4th. H&R Block’s payout ratio is 35.26%.

H&R Block Company Profile

(Get Free Report)

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. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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

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