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 year. 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 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 predict the company's stock price to reach $35.30 in the next twelve months. This suggests that the stock has a possible downside of 15.4%.
View analysts price targets for HRB or view top-rated stocks among Wall Street analysts.

H&R Block's stock was trading at $23.56 on January 1st, 2022. Since then, HRB shares have increased by 77.0% and is now trading at $41.71.
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H&R Block saw a decline in short interest in August. As of August 31st, there was short interest totaling 8,700,000 shares, a decline of 8.4% from the August 15th total of 9,500,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is currently 4.6 days. Approximately 5.5% 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, 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 the consensus estimate of $1.26 by $0.17. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $994.77 million. H&R Block had a negative trailing twelve-month return on equity of 2,398.97% and a net margin of 15.99%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS.

H&R Block declared a quarterly dividend on Tuesday, August 9th. Investors of record on Thursday, September 8th will be paid a dividend of $0.29 per share on Monday, October 3rd. This represents a $1.16 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Wednesday, September 7th. This is a positive change 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 $1.16 per share and currently has a dividend yield of 2.73%. 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 33.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRB will have a dividend payout ratio of 27.95% 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 share buyback plan on Tuesday, August 9th 2022, which authorizes the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 17.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

H&R Block updated its FY 2023 earnings guidance on Tuesday, September, 13th. The company provided earnings per share guidance of $3.70-$3.95 for the period, compared to the consensus estimate of $3.46. The company issued revenue guidance of $3.54 billion-$3.58 billion, compared to the consensus revenue estimate of $3.41 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."

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 $41.71.

H&R Block (NYSE:HRB) has a market capitalization of $6.62 billion and generates $3.46 billion in revenue each year. The company earns $551.21 million in net income (profit) each year or $3.46 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.