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

3 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, 1 hold 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.
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3 analysts have issued 12 month price targets for H&R Block's shares. Their HRB share price forecasts range from $22.60 to $48.00. On average, they expect the company's share price to reach $32.87 in the next year. This suggests that the stock has a possible downside of 28.7%.
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H&R Block's stock was trading at $23.56 at the beginning of the year. Since then, HRB stock has increased by 95.5% and is now trading at $46.07.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our HRB earnings forecast.

H&R Block, Inc. (NYSE:HRB) posted its quarterly earnings results on Tuesday, August, 9th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.19. The company earned $1.05 billion during the quarter, compared to analyst estimates of $994.77 million. H&R Block had a net margin of 15.99% and a negative trailing twelve-month return on equity of 2,398.97%. H&R Block's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 earnings per share.

H&R Block declared a quarterly dividend on Tuesday, August 9th. Investors of record on Thursday, September 8th will be given a dividend of $0.29 per share on Monday, October 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Wednesday, September 7th. This is an increase from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for HRB.

H&R Block (NYSE:HRB) pays an annual dividend of $1.08 per share and currently has a dividend yield of 2.38%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRB will have a dividend payout ratio of 27.20% 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 initiated a stock repurchase plan on Tuesday, August 9th 2022, which permits the company to buyback $1,250,000,000.00 in 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 plans are usually a sign that the company's management believes its stock is undervalued.

H&R Block updated its FY22 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $3.70-$3.95 for the period, compared to the consensus EPS estimate of $3.44. The company issued revenue guidance of $3.535-$3.585 billion, compared to the consensus revenue estimate of $3.40 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 FMR LLC (8.01%), Lazard Asset Management LLC (1.47%), Northern Trust Corp (1.44%), Artisan Partners Limited Partnership (1.23%), Renaissance Technologies LLC (0.84%) and Royce & Associates LP (0.84%). Insiders that own company stock include Jeffrey J Jones II, Robert A Gerard, Thomas A Gerke and Thomas A Gerke.
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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 $46.07.

H&R Block (NYSE:HRB) has a market capitalization of $7.35 billion and generates $3.46 billion in revenue each year. The company earns $553.67 million in net income (profit) each year or $3.46 on an earnings per share basis.

The company employs 3,600 workers across the globe.

H&R Block was founded in 1955.

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.