H&R Block (NYSE:HRB) Announces Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Key Points

• H&R Block beat quarterly expectations, reporting EPS of $2.38 versus the $2.21 consensus and revenue of $1.14 billion versus the $1.12 billion estimate.
• The company updated its fiscal 2027 EPS guidance to a range of $6.04–$6.24.
• Shares rose to $46.70 following the results, while analysts maintained a consensus “Hold” rating with a $43 price target; institutional investors own 90.14% of the stock.

H&R Block (NYSE:HRB - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.17, Zacks reports. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.12 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%. H&R Block updated its FY 2027 guidance to 6.040-6.240 EPS.

H&R Block Stock Performance

Shares of HRB traded up $0.77 during mid-day trading on Tuesday, reaching $46.70. 4,520,249 shares of the company's stock traded hands, compared to its average volume of 2,399,316. The business's 50-day moving average price is $39.84 and its 200-day moving average price is $35.68. The stock has a market capitalization of $5.92 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 0.65 and a beta of 0.34. H&R Block has a 12 month low of $28.16 and a 12 month high of $54.42.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HRB. Public Employees Retirement System of Ohio grew its position in H&R Block by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 46,171 shares of the company's stock valued at $2,335,000 after buying an additional 286 shares in the last quarter. Vise Technologies Inc. raised its position in shares of H&R Block by 7.4% during the 3rd quarter. Vise Technologies Inc. now owns 4,486 shares of the company's stock worth $227,000 after buying an additional 311 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of H&R Block by 10.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,835 shares of the company's stock worth $194,000 after buying an additional 348 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of H&R Block by 100.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company's stock worth $39,000 after acquiring an additional 357 shares during the period. Finally, Picton Mahoney Asset Management lifted its stake in shares of H&R Block by 2.0% in the 4th quarter. Picton Mahoney Asset Management now owns 19,287 shares of the company's stock worth $841,000 after acquiring an additional 372 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HRB has been the subject of a number of research analyst reports. Barrington Research reiterated an "outperform" rating and issued a $50.00 price target on shares of H&R Block in a report on Monday, April 27th. Weiss Ratings raised shares of H&R Block from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 2nd. Stephens began coverage on shares of H&R Block in a research note on Tuesday, July 28th. They set an "equal weight" rating and a $47.00 target price for the company. Finally, Zacks Research cut shares of H&R Block from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.00.

H&R Block Company Profile

H&R Block NYSE: HRB is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.

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