H&R Block (NYSE:HRB) Updates 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 analysts have recently weighed in on HRB shares. The Goldman Sachs Group upped their target price 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 restated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Friday. Finally, StockNews.com lowered 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 %

Shares of HRB traded down $4.18 during mid-day trading on Friday, reaching $59.18. The company’s stock had a trading volume of 2,518,300 shares, compared to its average volume of 1,073,137. H&R Block has a 12-month low of $41.98 and a 12-month high of $68.45. The stock has a market cap of $8.19 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67. The company has a debt-to-equity ratio of 16.46, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50 day moving average is $62.09 and its 200 day moving average is $56.98.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, August 15th. The company reported $1.89 earnings per share (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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $2.05 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that H&R Block will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be issued a $0.375 dividend. 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 declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other H&R Block news, CEO Jeffrey J. Jones II sold 9,722 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $63.07, for a total transaction of $613,166.54. Following the completion of the transaction, the chief executive officer now owns 893,169 shares of the company’s stock, valued at approximately $56,332,168.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Jeffrey J. Jones II sold 9,722 shares of H&R Block stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $63.07, for a total value of $613,166.54. Following the completion of the sale, the chief executive officer now owns 893,169 shares of the company’s stock, valued at $56,332,168.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kellie J. Logerwell sold 9,846 shares of H&R Block stock in a transaction on 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 sale, the vice president now directly owns 25,028 shares of the company’s stock, valued at approximately $1,626,820. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,927 shares of company stock valued at $7,517,056. 1.30% of the stock is owned by insiders.

About H&R Block

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.