How Have the Numbers Shaped Up for H & R Block Stock Forecast, Price & News (NYSE:HRB)

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Earnings results for H & R Block Stock Forecast, Price & News (NYSE:HRB)

H&R Block, Inc. is expected* to report earnings on 09/01/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.37. The reported EPS for the same quarter last year was $-0.72.

H & R Block last issued its quarterly earnings results on June 16th, 2020. The reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.40. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.76 billion. Its revenue for the quarter was down 22.4% on a year-over-year basis. H & R Block has generated $0.84 earnings per share over the last year and currently has a price-to-earnings ratio of 1,451.5. H & R Block has confirmed that its next quarterly earnings report will be published on Tuesday, September 1st, 2020.

Analyst Opinion on H & R Block Stock Forecast, Price & News (NYSE:HRB)

8 Wall Street analysts have issued ratings and price targets for H & R Block in the last 12 months. Their average twelve-month price target is $20.17, predicting that the stock has a possible upside of 39.08%. The high price target for HRB is $28.00 and the low price target for HRB is $17.00. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

H & R Block has received a consensus rating of Hold. The company’s average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $20.17, H & R Block has a forecasted upside of 39.1% from its current price of $14.50. H & R Block has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: H & R Block Stock Forecast, Price & News (NYSE:HRB)

H & R Block is a leading dividend payer. It pays a dividend yield of 6.98%, putting its dividend yield in the top 25% of dividend-paying stocks. H & R Block has only been increasing its dividend for 4 years. The dividend payout ratio of H & R Block is 123.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, H & R Block will have a dividend payout ratio of 44.83% next year. This indicates that H & R Block will be able to sustain or increase its dividend.

Insiders buying/selling: H & R Block Stock Forecast, Price & News (NYSE:HRB)

In the past three months, H & R Block insiders have not sold or bought any company stock. Only 0.74% of the stock of H & R Block is held by insiders. 94.17% of the stock of H & R Block is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of H & R Block Stock Forecast, Price & News (NYSE:HRB

Earnings for H & R Block are expected to decrease by -27.95% in the coming year, from $3.22 to $2.32 per share. The P/E ratio of H & R Block is 1,451.45, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.09. The P/E ratio of H & R Block is 1,451.45, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 60.41. H & R Block has a PEG Ratio of 0.46. PEG Ratios below 1 indicate that a company could be undervalued. H & R Block has a P/B Ratio of 39.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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