H&R Block (NYSE:HRB) Releases FY25 Earnings Guidance

H&R Block (NYSE:HRB) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $5.15-5.35 for the period, compared to the consensus EPS estimate of $5.26. The company issued revenue guidance of $3.69-3.75 billion, compared to the consensus revenue estimate of $3.72 billion. H&R Block also updated its FY 2025 guidance to 5.150-5.350 EPS.

Analyst Ratings Changes

Several research firms have recently issued reports on HRB. The Goldman Sachs Group lifted their price target on H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a research note on Friday, August 16th. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Friday. Finally, StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

H&R Block Stock Down 6.6 %

NYSE HRB traded down $4.18 during mid-day trading on Friday, reaching $59.18. 2,518,300 shares of the company’s stock traded hands, compared to its average volume of 1,073,137. The company has a fifty day simple moving average of $62.09 and a 200-day simple moving average of $56.98. H&R Block has a 1-year low of $41.98 and a 1-year high of $68.45. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 0.95 and a beta of 0.67. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, August 15th. The company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.15. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $2.05 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that H&R Block will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.53%. H&R Block’s dividend payout ratio is currently 35.55%.

H&R Block announced that its Board of Directors has authorized a stock repurchase plan on Thursday, August 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 16.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, VP Kellie J. Logerwell sold 9,846 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $65.00, for a total value of $639,990.00. Following the completion of the transaction, the vice president now owns 25,028 shares in the company, valued at $1,626,820. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, the vice president now directly owns 18,474 shares of the company’s stock, valued at approximately $1,189,910.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kellie J. Logerwell sold 9,846 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $65.00, for a total transaction of $639,990.00. Following the transaction, the vice president now owns 25,028 shares of the company’s stock, valued at approximately $1,626,820. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,927 shares of company stock worth $7,517,056. 1.30% of the stock is owned by company insiders.

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.