Analysts Expect H & R Block Inc (NYSE:HRB) Will Post Quarterly Sales of $163.40 Million

Brokerages predict that H & R Block Inc (NYSE:HRB) will report $163.40 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for H & R Block’s earnings, with the highest sales estimate coming in at $163.80 million and the lowest estimate coming in at $163.00 million. H & R Block posted sales of $148.87 million during the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The firm is expected to issue its next quarterly earnings report on Thursday, December 5th.

According to Zacks, analysts expect that H & R Block will report full year sales of $3.17 billion for the current fiscal year, with estimates ranging from $3.15 billion to $3.18 billion. For the next year, analysts anticipate that the company will report sales of $3.22 billion, with estimates ranging from $3.19 billion to $3.24 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for H & R Block.

H & R Block (NYSE:HRB) last announced its quarterly earnings data on Wednesday, August 28th. The company reported ($0.72) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.03. H & R Block had a net margin of 13.71% and a return on equity of 305.29%. The firm had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.35 million. During the same period last year, the firm earned ($0.72) earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.

HRB has been the topic of a number of recent research reports. Northcoast Research cut shares of H & R Block from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 9th. ValuEngine raised shares of H & R Block from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. TheStreet cut shares of H & R Block from a “b” rating to a “c+” rating in a research note on Wednesday, August 28th. Barrington Research reduced their price objective on shares of H & R Block from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Morgan Stanley reduced their price objective on shares of H & R Block from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Two equities 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 company has an average rating of “Hold” and a consensus price target of $27.00.

Shares of HRB stock opened at $23.28 on Monday. H & R Block has a 52-week low of $22.96 and a 52-week high of $29.62. The stock has a market cap of $4.76 billion, a PE ratio of 10.83, a PEG ratio of 1.19 and a beta of 0.24. The company has a debt-to-equity ratio of 6.14, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50 day moving average price is $23.78 and its two-hundred day moving average price is $26.39.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a $0.26 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.04 annualized dividend and a yield of 4.47%. H & R Block’s dividend payout ratio (DPR) is presently 48.37%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. raised its holdings in H & R Block by 92.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock worth $133,986,000 after purchasing an additional 2,687,319 shares during the period. Jupiter Asset Management Ltd. raised its holdings in H & R Block by 3.6% in the second quarter. Jupiter Asset Management Ltd. now owns 5,179,708 shares of the company’s stock worth $151,765,000 after purchasing an additional 182,078 shares during the period. Northern Trust Corp raised its holdings in H & R Block by 0.7% in the second quarter. Northern Trust Corp now owns 4,274,017 shares of the company’s stock worth $125,229,000 after purchasing an additional 28,071 shares during the period. AustralianSuper Pty Ltd raised its holdings in H & R Block by 49.7% in the second quarter. AustralianSuper Pty Ltd now owns 3,129,194 shares of the company’s stock worth $91,685,000 after purchasing an additional 1,038,515 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in H & R Block by 56.2% in the second quarter. JPMorgan Chase & Co. now owns 2,662,403 shares of the company’s stock worth $77,237,000 after purchasing an additional 958,079 shares during the period.

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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