H&R Block (HRB) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for H&R Block in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HRB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRB, but not buy additional shares or sell existing shares.
View HRB analyst ratings or view top-rated stocks.

2 brokerages have issued 12 month price targets for H&R Block's stock. Their HRB share price forecasts range from $32.00 to $44.00. On average, they predict the company's stock price to reach $38.00 in the next year. This suggests that the stock has a possible downside of 10.1%.
View analysts price targets for HRB or view top-rated stocks among Wall Street analysts.

H&R Block's stock was trading at $36.51 at the start of the year. Since then, HRB shares have increased by 15.7% and is now trading at $42.26.
View the best growth stocks for 2023 here.

H&R Block saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 13,070,000 shares, a decrease of 5.0% from the July 31st total of 13,760,000 shares. Based on an average trading volume of 1,560,000 shares, the days-to-cover ratio is presently 8.4 days. Currently, 9.0% of the company's shares are sold short.
View H&R Block's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our HRB earnings forecast.

H&R Block, Inc. (NYSE:HRB) released its quarterly earnings data on Tuesday, August, 15th. The company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.17. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. H&R Block had a negative trailing twelve-month return on equity of 263.99% and a net margin of 15.95%. The business's revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS.

H&R Block declared a quarterly dividend on Tuesday, August 15th. Investors of record on Thursday, September 7th will be given a dividend of $0.32 per share on Wednesday, October 4th. This represents a $1.28 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, September 6th. This is a boost from the stock's previous quarterly dividend of $0.29.
Read our dividend analysis for HRB.

ETFs with the largest weight of H&R Block (NYSE:HRB) stock in their portfolio include Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), Invesco S&P MidCap Momentum ETF (XMMO), Fidelity Blue Chip Value ETF (FBCV), American Century STOXX U.S. Quality Growth ETF (QGRO), First Trust Long/Short Equity ETF (FTLS), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV).

H&R Block (NYSE:HRB) pays an annual dividend of $1.28 per share and currently has a dividend yield of 3.01%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRB will have a dividend payout ratio of 27.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRB.

H&R Block declared that its Board of Directors has approved a share repurchase program on Tuesday, August 9th 2022, which allows the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 17.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

H&R Block updated its FY 2024 earnings guidance on Tuesday, August, 15th. The company provided EPS guidance of $4.10-$4.30 for the period, compared to the consensus earnings per share estimate of $3.72. The company issued revenue guidance of $3.53 billion-$3.58 billion, compared to the consensus revenue estimate of $3.45 billion.

441 employees have rated H&R Block Chief Executive Officer Jeffrey J. Jones II on Glassdoor.com. Jeffrey J. Jones II has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other H&R Block investors own include AT&T (T), Exxon Mobil (XOM), Coty (COTY), Pfizer (PFE), Intel (INTC), Cisco Systems (CSCO), Carnival Co. & (CCL), Energy Transfer (ET), Ford Motor (F) and Designer Brands (DBI).

H&R Block trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRB."

H&R Block's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.21%), Lazard Asset Management LLC (4.35%), State Street Corp (3.94%), Charles Schwab Investment Management Inc. (2.45%), Boston Partners (1.70%) and Geode Capital Management LLC (1.53%). Insiders that own company stock include Christianna Wood, Jeffrey J Jones II, Karen A Orosco, Kellie J Logerwell, Richard A Johnson, Robert A Gerard, Thomas A Gerke, Thomas A Gerke and Tony G Bowen.
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Shares of HRB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HRB stock can currently be purchased for approximately $42.26.

H&R Block (NYSE:HRB) has a market capitalization of $6.18 billion and generates $3.47 billion in revenue each year. The company earns $551.43 million in net income (profit) each year or $3.57 on an earnings per share basis.

The company employs 4,000 workers across the globe.

H&R Block's mailing address is ONE H&R BLOCK WAY, KANSAS CITY MO, 64105. The official website for the company is www.hrblock.com. The company can be reached via phone at (816) 854-3000, via email at investorrelations@hrblock.com, or via fax at 816-854-8500.