H&R Block (HRB) Scheduled to Post Earnings on Thursday

H&R Block (NYSE:HRB) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($1.13) per share for the quarter. H&R Block has set its FY25 guidance at $5.15-5.35 EPS and its FY 2025 guidance at 5.150-5.350 EPS.Investors that wish to register for the company’s conference call can do so using this link.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, August 15th. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $2.05 EPS. H&R Block’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect H&R Block to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

H&R Block Trading Up 0.9 %

HRB stock traded up $0.54 during trading on Tuesday, reaching $60.85. The company had a trading volume of 95,114 shares, compared to its average volume of 1,151,950. H&R Block has a 52 week low of $39.20 and a 52 week high of $68.45. The company has a market cap of $8.42 billion, a P/E ratio of 14.29, a PEG ratio of 0.91 and a beta of 0.67. The company has a debt-to-equity ratio of 16.46, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50 day moving average of $62.28 and a 200 day moving average of $56.64.

H&R Block declared that its Board of Directors has authorized a stock buyback program on Thursday, August 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 16.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 5th were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.47%. This is a positive change from H&R Block’s previous quarterly dividend of $0.32. H&R Block’s payout ratio is presently 35.55%.

Insider Transactions at H&R Block

In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $64.41, for a total transaction of $515,280.00. Following the sale, the vice president now directly owns 18,474 shares of the company’s stock, valued at $1,189,910.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Tony G. Bowen sold 79,259 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the transaction, the chief financial officer now directly owns 90,095 shares of the company’s stock, valued at approximately $5,871,491.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kellie J. Logerwell sold 8,000 shares of H&R Block stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, the vice president now owns 18,474 shares of the company’s stock, valued at $1,189,910.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,927 shares of company stock worth $7,517,056 in the last three months. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

HRB has been the topic of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Friday, August 16th. Finally, StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

About H&R Block

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.