Brokerages Expect H & R Block Inc (HRB) Will Announce Quarterly Sales of $2.32 Billion

Wall Street analysts forecast that H & R Block Inc (NYSE:HRB) will report $2.32 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for H & R Block’s earnings, with the lowest sales estimate coming in at $2.31 billion and the highest estimate coming in at $2.32 billion. H & R Block reported sales of $2.39 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, June 11th.

On average, analysts expect that H & R Block will report full-year sales of $3.08 billion for the current year, with estimates ranging from $3.07 billion to $3.08 billion. For the next year, analysts expect that the firm will report sales of $3.09 billion, with estimates ranging from $3.05 billion to $3.12 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow H & R Block.

H & R Block (NYSE:HRB) last issued its earnings results on Thursday, March 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). H & R Block had a return on equity of 829.18% and a net margin of 21.79%. The business had revenue of $468.00 million during the quarter, compared to the consensus estimate of $465.48 million. During the same period in the prior year, the business earned ($1.16) EPS. The business’s revenue was down 4.1% on a year-over-year basis.

A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Goldman Sachs Group lowered shares of H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 price objective on the stock. in a research note on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.67.

NYSE HRB opened at $27.14 on Wednesday. H & R Block has a 12 month low of $22.45 and a 12 month high of $29.81. The company has a market cap of $5.58 billion, a P/E ratio of 9.11, a P/E/G ratio of 1.31 and a beta of 0.16.

A number of large investors have recently modified their holdings of HRB. Swedbank bought a new stake in H & R Block during the fourth quarter worth approximately $130,618,000. Amundi Pioneer Asset Management Inc. boosted its holdings in H & R Block by 92.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock worth $133,986,000 after buying an additional 2,687,319 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in H & R Block by 233.5% during the third quarter. JPMorgan Chase & Co. now owns 3,768,828 shares of the company’s stock worth $97,048,000 after buying an additional 2,638,607 shares in the last quarter. Norges Bank bought a new stake in H & R Block during the fourth quarter worth approximately $61,212,000. Finally, Hamlin Capital Management LLC bought a new stake in H & R Block during the fourth quarter worth approximately $47,718,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

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

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