H&R Block (NYSE:HRB) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• H&R Block's stock has received a "Buy (B-)" rating from Weiss Ratings, indicating a positive outlook amidst varied opinions from other analysts.
• Goldman Sachs has downgraded H&R Block's price target from $54.00 to $48.00, labeling it a "sell," while Barrington Research maintained an "outperform" rating with a target of $62.00.
• H&R Block reported a quarterly EPS of $2.27, missing expectations by $0.54, though it showed a 4.6% revenue increase year-over-year, totaling $1.11 billion for the quarter.

H&R Block (NYSE:HRB - Get Free Report)'s stock had its "buy (b-)" rating reiterated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group cut their price objective on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a report on Wednesday, August 13th. Barrington Research reaffirmed an "outperform" rating and set a $62.00 price objective on shares of H&R Block in a report on Tuesday, September 23rd. Finally, Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $55.00.

H&R Block Trading Down 0.4%

Shares of HRB opened at $50.46 on Wednesday. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90. H&R Block has a 1 year low of $47.00 and a 1 year high of $64.62. The company has a 50 day simple moving average of $51.38 and a two-hundred day simple moving average of $55.07. The firm has a market cap of $6.45 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 0.82 and a beta of 0.31.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the business earned $1.89 earnings per share. The company's quarterly revenue was up 4.6% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, equities analysts expect that H&R Block will post 5.25 earnings per share for the current fiscal year.

Institutional Trading of H&R Block

A number of institutional investors have recently bought and sold shares of HRB. Norges Bank bought a new stake in H&R Block in the second quarter worth $97,826,000. New Vernon Capital Holdings II LLC lifted its position in H&R Block by 5,391.0% in the first quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company's stock worth $34,113,000 after buying an additional 609,938 shares during the last quarter. Miller Howard Investments Inc. NY bought a new stake in H&R Block in the first quarter worth $30,429,000. Acadian Asset Management LLC bought a new stake in H&R Block in the second quarter worth $20,723,000. Finally, Qube Research & Technologies Ltd lifted its position in H&R Block by 21.8% in the second quarter. Qube Research & Technologies Ltd now owns 1,750,760 shares of the company's stock worth $96,099,000 after buying an additional 312,776 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

About H&R Block

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.

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