H&R Block (NYSE:HRB) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

H&R Block (NYSE:HRB) released its quarterly earnings data on Thursday. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15, Briefing.com reports. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 EPS. H&R Block updated its FY25 guidance to $5.15-5.35 EPS and its FY 2025 guidance to 5.150-5.350 EPS.

H&R Block Price Performance

Shares of HRB traded up $0.50 during mid-day trading on Thursday, reaching $57.42. 1,572,385 shares of the company’s stock were exchanged, compared to its average volume of 1,071,500. The business’s fifty day simple moving average is $54.57 and its 200-day simple moving average is $50.59. H&R Block has a 52-week low of $36.33 and a 52-week high of $58.63. The stock has a market capitalization of $8.01 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 5th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.61%. This is a boost from H&R Block’s previous quarterly dividend of $0.32. H&R Block’s payout ratio is currently 29.29%.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 44,975 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $54.55, for a total transaction of $2,453,386.25. Following the completion of the sale, the chief executive officer now owns 712,386 shares in the company, valued at $38,860,656.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HRB. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of H&R Block in a research note on Wednesday. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, July 18th.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.