H&R Block (NYSE:HRB) Updates FY 2024 Earnings Guidance

H&R Block (NYSE:HRB) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 4.300-4.300 for the period, compared to the consensus earnings per share estimate of 4.240. The company issued revenue guidance of $3.6 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion. H&R Block also updated its FY24 guidance to $4.10-$4.30 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HRB. StockNews.com raised H&R Block from a hold rating to a buy rating in a report on Thursday, March 7th. Barrington Research restated an outperform rating and set a $55.00 target price on shares of H&R Block in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group increased their target price on H&R Block from $34.00 to $38.00 and gave the stock a sell rating in a research report on Wednesday, February 7th.

H&R Block Price Performance

Shares of NYSE:HRB traded up $0.68 during trading on Thursday, hitting $49.21. 1,131,168 shares of the company were exchanged, compared to its average volume of 1,059,056. H&R Block has a 52-week low of $28.83 and a 52-week high of $52.90. The company has a market cap of $6.87 billion, a PE ratio of 13.56, a P/E/G ratio of 0.89 and a beta of 0.69. The stock has a 50 day moving average of $47.69 and a 200 day moving average of $46.69.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, May 9th. The company reported $4.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the business posted $4.20 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts forecast that H&R Block will post 4.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.60%. H&R Block’s dividend payout ratio (DPR) is presently 35.26%.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $49.21, for a total value of $4,228,172.41. Following the sale, the chief executive officer now owns 755,359 shares in the company, valued at $37,171,216.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

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.