H&R Block shares leap after earnings beat, market share gains

Lucy Hill
March 9, 2017

Similarly, the positive performance for the quarter recorded as -1.16% and for the year was 11.76%, while the YTD performance remained at 0.33%. Oppenheimer downgraded the shares of HRB in report on Wednesday, April 27 to "Perform" rating.

If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 10/2016, the consensus mean EPS was $-0.68 while H & R Block Inc (NYSE:HRB) reported $-0.67 EPS on 12/7/2016 After Market Close with a difference of 0.01 marking a surprise factor of 1.47%. Morgan Stanley lowered shares of H & R Block from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $26.00 to $25.00 in a research note on Wednesday, November 16th. Credit Suisse Group AG reaffirmed a "hold" rating and set a $24.00 price target on shares of H & R Block in a research note on Monday, December 19th. H & R Block had 16 analyst reports since August 25, 2015 according to SRatingsIntel. The 1-year price target of the company is 23.43.

Ns Advisors Llc holds 15.95% of its portfolio in H & R Block Inc for 492,833 shares. If you are reading this piece of content on another publication, it was stolen and reposted in violation of USA and worldwide copyright and trademark laws. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/03/08/h-r-block-inc-expected-to-earn-q3-2017-earnings-of-0-77-per-share-hrb.html.

H&R Block, Inc. (HRB) is a global consumer tax services provider.

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The company's stock now has 4.35 Billion in market capitalization. The lowest target is $18 while the high is $46.

H&R Block, Inc. (HRB) closed -6.47% below its 200-day moving average and is -5.5% below another chart threshold, its 50-day moving average. HCP, Inc. (NYSE:HCP) quarterly performance is 8.95% while its price to sale ratio is 6.86. Having a look at the historical EPS report, the company attained $1.59 EPS for the previous year. The business's revenue for the quarter was down 4.8% on a year-over-year basis. This represents a $0.88 dividend on an annualized basis and a yield of 4.22%. H & R Block's dividend payout ratio is presently 57.14%.

A number of other equities analysts have also issued reports on the company.

H & R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, March 7th. Ns Ltd Company holds 15.95% or 492,833 shares in its portfolio. The company also saw market share growth in both the Assisted and DIY categories. Finally, MSI Financial Services Inc boosted its position in shares of H & R Block by 122.4% in the third quarter. Northern Trust Corp now owns 4,384,521 shares of the company's stock valued at $101,501,000 after buying an additional 237,981 shares during the period. Institutional investors own 96.63% of the company's stock.

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