Barrington Research Comments on H&R Block, Inc.’s Q3 2017 Earnings (HRB)

H&R Block, Inc. (NYSE:HRB) – Stock analysts at Barrington Research dropped their Q3 2017 earnings per share estimates for H&R Block in a research note issued on Thursday. Barrington Research analyst A. Paris. Jr now expects that the firm will post earnings of ($0.50) per share for the quarter, down from their prior estimate of ($0.43). Barrington Research also issued estimates for H&R Block’s Q4 2017 earnings at $3.34 EPS.

H&R Block (NYSE:HRB) last issued its earnings results on Wednesday, December 7th. The company reported ($0.67) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.01. The firm earned $131.30 million during the quarter, compared to analyst estimates of $126.93 million. H&R Block had a net margin of 11.52% and a negative return on equity of 115.26%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.51) earnings per share.

“Barrington Research Comments on H&R Block, Inc.’s Q3 2017 Earnings (HRB)” was first published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another publication, it was stolen and reposted in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at http://sleekmoney.com/barrington-research-comments-on-hr-block-inc-s-q3-2017-earnings-hrb/1660388.html.

Earnings History and Estimates for H&R Block (NYSE:HRB)

HRB has been the topic of a number of other research reports. Wedbush reaffirmed a “neutral” rating and set a $25.00 price objective on shares of H&R Block in a research report on Friday, December 9th. Credit Suisse Group reaffirmed a “hold” rating and set a $24.00 price objective on shares of H&R Block in a research report on Monday, December 19th. BTIG Research downgraded H&R Block from a “neutral” rating to a “sell” rating and set a $18.00 price objective on the stock. in a research report on Monday, November 28th. Zacks Investment Research downgraded H&R Block from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research report on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $25.63.

H&R Block (NYSE:HRB) opened at 20.85 on Monday. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 13.39 and a beta of 0.57. H&R Block has a 12 month low of $19.18 and a 12 month high of $35.14. The firm’s 50-day moving average is $22.66 and its 200-day moving average is $22.93.

“Barrington Research Comments on H&R Block, Inc.’s Q3 2017 Earnings (HRB)” was first published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another publication, it was stolen and reposted in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at http://sleekmoney.com/barrington-research-comments-on-hr-block-inc-s-q3-2017-earnings-hrb/1660388.html.

Several large investors have recently added to or reduced their stakes in HRB. Huntington National Bank increased its stake in H&R Block by 432.3% in the second quarter. Huntington National Bank now owns 18,648 shares of the company’s stock worth $429,000 after buying an additional 15,145 shares during the period. Midas Management Corp purchased a new stake in H&R Block during the second quarter worth approximately $1,010,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in H&R Block by 2.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 17,617 shares of the company’s stock worth $405,000 after buying an additional 348 shares during the period. Wedge Capital Management L L P NC purchased a new stake in H&R Block during the second quarter worth approximately $639,000. Finally, Tocqueville Asset Management L.P. increased its stake in H&R Block by 27.1% in the second quarter. Tocqueville Asset Management L.P. now owns 460,642 shares of the company’s stock worth $10,595,000 after buying an additional 98,355 shares during the period. 96.63% of the stock is owned by hedge funds and other institutional investors.

H&R Block Company Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

5 Day Chart for NYSE:HRB

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