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.
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2 Wall Street research analysts have issued 12 month target prices for H&R Block's shares. Their HRB share price forecasts range from $28.00 to $48.00. On average, they anticipate the company's share price to reach $38.00 in the next year. This suggests that the stock has a possible downside of 3.8%.
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H&R Block's stock was trading at $36.51 at the beginning of the year. Since then, HRB stock has increased by 8.2% and is now trading at $39.50.
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H&R Block saw a increase in short interest in December. As of December 30th, there was short interest totaling 14,230,000 shares, an increase of 9.4% from the December 15th total of 13,010,000 shares. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is presently 8.6 days. Currently, 9.2% of the shares of the company are short sold.
View H&R Block's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our HRB earnings forecast.

H&R Block, Inc. (NYSE:HRB) issued its quarterly earnings data on Tuesday, February, 7th. The company reported ($1.37) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.48) by $0.11. The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $151.64 million. H&R Block had a negative trailing twelve-month return on equity of 613.29% and a net margin of 15.56%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.02) EPS.

H&R Block announced a quarterly dividend on Wednesday, February 1st. Investors of record on Tuesday, March 7th will be given a dividend of $0.29 per share on Wednesday, April 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Monday, March 6th.
Read our dividend analysis for HRB.

H&R Block (NYSE:HRB) pays an annual dividend of $1.16 per share and currently has a dividend yield of 2.95%. 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 35.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRB will have a dividend payout ratio of 27.82% 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 authorized a stock repurchase plan on Tuesday, August 9th 2022, which authorizes the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 17.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

H&R Block issued an update on its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $3.70-$3.95 for the period, compared to the consensus estimate of $3.79. The company issued revenue guidance of $3.54 billion-$3.58 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 a number of retail and institutional investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.98%), Los Angeles Capital Management LLC (0.72%), Wedge Capital Management L L P NC (0.58%), Pacer Advisors Inc. (0.56%), Fulton Breakefield Broenniman LLC (0.31%) and California Public Employees Retirement System (0.26%). Insiders that own company stock include Christianna Wood, Jeffrey J Jones II, Karen A Orosco, Kellie J Logerwell, 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 $39.50.

H&R Block (NYSE:HRB) has a market capitalization of $6.14 billion and generates $3.46 billion in revenue each year. The company earns $551.21 million in net income (profit) each year or $3.25 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.