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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for H&R Block in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research 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 equities research analysts have issued 12-month price targets for H&R Block's stock. Their HRB share price forecasts range from $28.00 to $42.00. On average, they anticipate the company's share price to reach $35.00 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
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 stock has decreased by 18.2% and is now trading at $29.88.
View the best growth stocks for 2023 here.

H&R Block saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 15,520,000 shares, a decrease of 6.4% from the April 30th total of 16,590,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is presently 9.2 days. Approximately 10.3% of the company's stock are sold short.
View H&R Block's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our HRB earnings forecast.

H&R Block, Inc. (NYSE:HRB) issued its quarterly earnings results on Tuesday, May, 9th. The company reported $4.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.46 by $0.26. The firm earned $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. H&R Block had a net margin of 13.59% and a negative trailing twelve-month return on equity of 284.65%. H&R Block's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.11 EPS.

H&R Block announced a quarterly dividend on Monday, May 1st. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.29 per share on Thursday, July 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Tuesday, June 6th.
Read our dividend analysis for HRB.

ETFs with the largest weight of H&R Block (NYSE:HRB) stock in their portfolio include WisdomTree U.S. Value Fund (WTV), Timothy Plan Market Neutral ETF (TPMN), Sound Equity Income ETF (SDEI), Leatherback Long/Short Alternative Yield ETF (LBAY), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Invesco S&P MidCap Momentum ETF (XMMO), Fidelity Blue Chip Value ETF (FBCV) and Hartford Schroders ESG US Equity ETF (HEET).

H&R Block (NYSE:HRB) pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.87%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRB will have a dividend payout ratio of 28.16% 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 announced that its Board of Directors has initiated a share buyback program on Tuesday, August 9th 2022, which permits the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 17.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

H&R Block issued an update on its FY23 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $3.65-$3.80 for the period, compared to the consensus earnings per share estimate of $3.83. The company issued revenue guidance of $3.440-$3.465 billion, compared to the consensus revenue estimate of $3.54 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (15.00%), BlackRock Inc. (12.19%), Wellington Management Group LLP (5.64%), State Street Corp (3.72%), Charles Schwab Investment Management Inc. (2.38%) and Boston Partners (2.29%). 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.
View institutional ownership trends.

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 $29.88.

H&R Block (NYSE:HRB) has a market capitalization of $4.55 billion and generates $3.46 billion in revenue each year. The company earns $551.21 million in net income (profit) each year or $2.97 on an earnings per share basis.

The company employs 3,800 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.