H&R Block - HRB Stock Forecast, Price & News

2 Wall Street equities 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 equities 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 1 year price objectives for H&R Block's shares. Their HRB share price forecasts range from $28.00 to $48.00. On average, they expect the company's stock price to reach $38.00 in the next year. This suggests a possible upside of 10.6% 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 shares have decreased by 5.9% and is now trading at $34.36.
View the best growth stocks for 2023 here.

H&R Block saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 16,490,000 shares, a drop of 9.3% from the February 28th total of 18,180,000 shares. Based on an average trading volume of 1,560,000 shares, the short-interest ratio is currently 10.6 days. Approximately 10.9% of the company's stock 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 earnings results on Tuesday, February, 7th. The company reported ($1.37) earnings per share for the quarter, beating analysts' consensus estimates of ($1.48) by $0.11. The firm had revenue of $166.40 million for the quarter, compared to analysts' expectations of $151.64 million. H&R Block had a net margin of 14.57% and a negative trailing twelve-month return on equity of 337.61%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.02) earnings per share.

H&R Block declared a quarterly dividend on Wednesday, February 1st. Investors of record on Tuesday, March 7th will be paid 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 3.38%. The ex-dividend date of this dividend is Monday, March 6th.
Read our dividend analysis for HRB.

ETFs with the largest weight of H&R Block (NYSE:HRB) stock in their portfolio include Aztlan Global Stock Selection DM SMID ETF (AZTD), Invesco DWA Consumer Staples Momentum ETF (PSL), 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 First Trust DJ Global Select Dividend Index Fund (FGD).

H&R Block (NYSE:HRB) pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.40%. 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 40.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRB will have a dividend payout ratio of 27.17% 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 has authorized a stock buyback program on Tuesday, August 9th 2022, which allows the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 17.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is 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 earnings per share 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 variety of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.57%), Lazard Asset Management LLC (2.00%), Fuller & Thaler Asset Management Inc. (1.42%), Geode Capital Management LLC (1.41%), Dimensional Fund Advisors LP (1.35%) and LSV Asset Management (1.33%). 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.
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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 $34.36.

H&R Block (NYSE:HRB) has a market capitalization of $5.23 billion and generates $3.46 billion in revenue each year. The company earns $551.21 million in net income (profit) each year or $2.90 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.