H&R Block (HRB) Set to Announce Quarterly Earnings on Thursday

H&R Block (NYSE:HRB) is set to 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.Individual interested in registering for the company’s earnings 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $2.05 earnings per share. The firm’s 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 Stock Up 0.9 %

Shares of HRB traded up $0.54 during mid-day trading on Tuesday, hitting $60.85. 95,114 shares of the company traded hands, compared to its average volume of 1,151,950. The business has a 50 day moving average of $62.28 and a 200 day moving average of $56.64. The company has a market capitalization of $8.42 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.91 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 16.46. H&R Block has a 1-year low of $39.20 and a 1-year high of $68.45.

H&R Block Increases Dividend

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

H&R Block announced that its Board of Directors has approved a share buyback program on Thursday, August 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Barrington Research reissued an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a report on Monday, October 28th. Finally, The Goldman Sachs Group upped their target price on H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a research note on Friday, August 16th.

Insiders Place Their Bets

In related news, CEO Jeffrey J. Jones II sold 9,722 shares of H&R Block stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $63.07, for a total value of $613,166.54. Following the completion of the transaction, the chief executive officer now owns 893,169 shares in the company, valued at $56,332,168.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Tony G. Bowen sold 79,259 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 90,095 shares in the company, valued at $5,871,491.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey J. Jones II sold 9,722 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total value of $613,166.54. Following the completion of the transaction, the chief executive officer now directly owns 893,169 shares of the company’s stock, valued at approximately $56,332,168.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,927 shares of company stock worth $7,517,056. Company insiders own 1.30% of the company’s stock.

H&R Block Company Profile

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.