H & R Block (NYSE:HRB) Receives New Coverage from Analysts at Oppenheimer

Oppenheimer began coverage on shares of H & R Block (NYSE:HRB) in a report issued on Sunday, TipRanks reports. The firm issued a hold rating on the stock.

A number of other brokerages also recently issued reports on HRB. Barrington Research began coverage on H & R Block in a research report on Wednesday, July 1st. They set a buy rating and a $21.00 price target on the stock. BMO Capital Markets decreased their target price on H & R Block from $19.00 to $17.00 in a research report on Tuesday, March 31st. Morgan Stanley raised their target price on H & R Block from $15.00 to $16.00 and gave the company an equal weight rating in a research report on Wednesday, June 17th. ValuEngine upgraded H & R Block from a sell rating to a hold rating in a research report on Thursday, June 11th. Finally, BTIG Research restated a hold rating on shares of H & R Block in a research report on Thursday, March 19th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $21.67.

Shares of HRB stock opened at $13.93 on Friday. The company has a market capitalization of $2.72 billion, a P/E ratio of 1,394.39, a P/E/G ratio of 0.46 and a beta of 0.79. The business’s 50 day moving average is $16.43 and its two-hundred day moving average is $18.61. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 44.46. H & R Block has a 12-month low of $11.29 and a 12-month high of $29.12.

H & R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, June 16th. The company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.40. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.76 billion. H & R Block had a negative return on equity of 1,927.00% and a negative net margin of 0.29%. H & R Block’s revenue for the quarter was down 22.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.29 earnings per share. On average, research analysts predict that H & R Block will post 3.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 26th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.04 dividend on an annualized basis and a yield of 7.47%. H & R Block’s payout ratio is 123.81%.

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its position in H & R Block by 186,600.0% during the first quarter. Parallel Advisors LLC now owns 1,867 shares of the company’s stock worth $26,000 after buying an additional 1,866 shares in the last quarter. Americana Partners LLC purchased a new position in H & R Block during the fourth quarter worth approximately $35,000. CENTRAL TRUST Co lifted its position in H & R Block by 202.2% during the first quarter. CENTRAL TRUST Co now owns 2,765 shares of the company’s stock worth $39,000 after buying an additional 1,850 shares in the last quarter. Verus Capital Partners LLC purchased a new position in H & R Block during the fourth quarter worth approximately $78,000. Finally, CSat Investment Advisory L.P. lifted its position in H & R Block by 26.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 3,650 shares of the company’s stock worth $85,000 after buying an additional 757 shares in the last quarter. Hedge funds and other institutional investors own 96.37% 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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Analyst Recommendations for H & R Block (NYSE:HRB)

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