Estimations under Considerations: H & R Block Inc (NYSE:HRB)

Estimations under Considerations: H & R Block Inc (NYSE:HRB)

The company reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($0.52) by $0.03. 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 $360 million, or 7.3% of sales. As a company's earnings per share being to rise, so does their market value per share. Shares ended the regular session down 0.6%. A month ago, analyst EPS consensus estimated earnings of US$-0.45 per share. H & R Block, Inc. shares are now trading up about 15.1% on the day. In H & R Block Inc (NYSE:HRB)'s last 12 earnings reports, it has beaten EPS estimates 50% of the time.

H&R Block said, in the Assisted category, the company outperformed the industry with a drop of 8 percent versus the IRS reported decline of 13 percent. During the same quarter in the previous year, the business posted ($0.34) EPS. Zacks Investment Research upgraded shares of H & R Block from a "sell" rating to a "hold" rating in a research note on Friday, December 9th. The stock stands almost -34.04% off versus the 52-week high and 12.65% away from the 52-week low.

The mean revenue estimate for the current fiscal period ending March 2017 is $2.81B by 3 brokerage firms.

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Among 10 analysts covering H & R Block (NYSE:HRB), 4 have Buy rating, 1 Sell and 5 Hold. If you are reading this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright laws.

According to consensus agreement of 9 analysts H & R Block Inc (NYSE:HRB) will report earnings per share of $-0.5 in their quarterly report and it is expected to announce the company's results on 3/7/17 After Market Close. The firm's revenue was down 4.8% on a year-over-year basis. The share price is now 0.91 percent versus its SMA20, -5.35 percent versus its SMA50, and -6.53 percent versus its SMA200. Stockholders of record on Tuesday, March 14th will be given a dividend of $0.22 per share. BTIG Research maintained it with "Buy" rating and $36 target in Tuesday, August 25 report. It has a dividend yield of 4.22%. Finally, Morgan Stanley lowered H & R Block from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $26.00 to $25.00 in a research note on Wednesday, November 16th.

This year, the company showed a solid 1.9 percent of growth. Cobb said. He noted that the parts of any healthcare reform that are grounded in refundable credits would go through the tax code - and confusion around this, in turn, could give consumers a reason to consult a tax preparation service like H&R Block. H&R Block, Inc., through its subsidiaries, provides tax preparation and other services to the general public primarily in the United States, Canada, and Australia.

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