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

Marcus Newton
March 9, 2017

Moreover, Guinness Atkinson Asset Management Inc has 3.74% invested in the company for 240,000 shares. Net income was $95 million, or 1.9% of sales; diluted earnings per share were $0.30; and earnings before interest, taxes, depreciation and amortization ("EBITDA") were $360 million, or 7.3% of sales. The company's shares were closed at 34.48. (WFM) ended last trading session with a change of -0.13 percent. The reported earnings per share topped the analyst's consensus by $-0.06 with the percentage difference between estimated and actual earnings arriving at -30.00%.

Shares of H & R Block (NYSE:HRB) traded up 13.508% during midday trading on Tuesday, hitting $23.655.

H&R Block, Inc. (HRB) is a global consumer tax services provider. Zacks Investment Research gave H&R Block, Inc. While the actual EPS the company reported in the same quarter previous year was -0.34/share. The stock of H & R Block Inc (NYSE:HRB) has "Sell" rating given on Monday, November 28 by BTIG Research. About 12.90 million shares traded or 292.10% up from the average. They were forecasting US$-0.42 per share three months ago.

Among 10 analysts covering H & R Block (NYSE:HRB), 4 have Buy rating, 1 Sell and 5 Hold. Credit Suisse Group AG reaffirmed a "hold" rating and issued a $24.00 price target on shares of H & R Block in a research note on Monday, December 19th.

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H&R Block, Inc. (HRB) recently recorded -0.05 percent change and now at $20.97 is 12.59 percent away from its 52-week low and down -27.04 percent versus its peak. Analyst's mean target price for Tahoe Resources Inc. The firm's revenue was down 4.8% compared to the same quarter previous year. If you are reading this article on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation. Stockholders of record on Tuesday, March 14th will be given a dividend of $0.22 per share. (NYSE:HRB) reported Actual EPS of $-0.67/share with the difference of 0.01 percent and a surprise of 1.5 percent. Artisan Ptnrs Partnership stated it has 4.75M shares or 0.23% of all its holdings. The company has a consensus rating of "Hold" and a consensus price target of $25.63. H & R Block's dividend payout ratio is presently 57.14%.

"TurboTax e-filed returns are down 10 percent vs. prior year, indicating we are maintaining share at this juncture in the tax season", Dan Wernikoff, executive vice president and general manager of Intuit's TurboTax business, said in a press release. The table below shows that H&R Block volume declined at a rate lower than that of the industry, in the categories of assisted tax preparation services and do-it-yourself products.

The company also unveiled that it is on Donald Trump's side regarding his tax reform plans as H&R Block believes the move will help citizens, despite a lot of uncertainty surrounding the plans.

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