H&R Block Inc. [NYSE: HRB] jumped around 0.63 points on Thursday, while shares priced at $14.80 at the close of the session, up 4.45%. The company report on July 28, 2020 that H&R Block Reports Tax Return Volume Through July 17; Fiscal 2021 First Quarter Results to be Released September 1.
H&R Block, Inc. (NYSE: HRB) today released its preliminary results for the recent U.S. tax season that was extended due to the coronavirus pandemic. Total U.S. tax returns prepared by or through H&R Block were 21.2 million for the period of May 1, 2019 through July 17, 2020, an increase of 0.7 million, or 3.3%, when compared to May 1, 2018 through July 17, 2019.
“I could not be prouder of the agility and resilience demonstrated by our team,” said Jeff Jones, H&R Block’s president and chief executive officer. “While facing unprecedented disruption to all facets of daily life, we served more clients than last year by delivering expertise and care, while accelerating our efforts to digitally enable all aspects of our business.”.
H&R Block Inc. stock is now -36.97% down from its year-to-date (YTD) trading value. HRB Stock saw the intraday high of $14.915 and lowest of $14.11 per share. The company’s 52-week high price is 27.86, which means current price is +31.09% above from all time high which was touched on 01/16/20.
Compared to the average trading volume of 3.34M shares, HRB reached a trading volume of 3060347 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about H&R Block Inc. [HRB]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HRB shares is $18.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HRB stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northcoast have made an estimate for H&R Block Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 15, 2020. The new note on the price target was released on March 13, 2020, representing the official price target for H&R Block Inc. stock. Previously, the target price had yet another drop from $30 to $25, while Barrington Research kept a Outperform rating on HRB stock.
The Average True Range (ATR) for H&R Block Inc. is set at 0.57, with the Price to Sales ratio for HRB stock in the period of the last 12 months amounting to 1.11. The Price to Book ratio for the last quarter was 40.00, with the Price to Cash per share for the same quarter was set at 13.50.
How has HRB stock performed recently?
H&R Block Inc. [HRB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.34. With this latest performance, HRB shares gained by 6.25% in over the last four-week period, additionally sinking by -36.26% over the last 6 months – not to mention a drop of -45.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HRB stock in for the last two-week period is set at 47.77, with the RSI for the last a single of trading hit 55.70, and the three-weeks RSI is set at 49.34 for H&R Block Inc. [HRB]. The present Moving Average for the last 50 days of trading for this stock 15.53, while it was recorded at 14.28 for the last single week of trading, and 19.26 for the last 200 days.
H&R Block Inc. [HRB]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and H&R Block Inc. [HRB] shares currently have an operating margin of +6.94 and a Gross Margin at +35.13. H&R Block Inc.’s Net Margin is presently recorded at +0.21.
Return on Total Capital for HRB is now 5.99, given the latest momentum, and Return on Invested Capital for the company is 0.21. Return on Equity for this stock inclined to 1.80, with Return on Assets sitting at 0.13. When it comes to the capital structure of this company, H&R Block Inc. [HRB] has a Total Debt to Total Equity ratio set at 5,635.28. Additionally, HRB Total Debt to Total Capital is recorded at 98.26, with Total Debt to Total Assets ending up at 78.31. Long-Term Debt to Equity for the company is recorded at 4,445.94, with the Long-Term Debt to Total Capital now at 77.52.
Reflecting on the efficiency of the workforce at the company, H&R Block Inc. [HRB] managed to generate an average of $69 per employee. Receivables Turnover for the company is 19.40 with a Total Asset Turnover recorded at a value of 0.63.H&R Block Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.
Earnings analysis for H&R Block Inc. [HRB]
With the latest financial reports released by the company, H&R Block Inc. posted -0.66/share EPS, while the average EPS was predicted by analysts to be reported at -0.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HRB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for H&R Block Inc. go to 10.00%.
Insider trade positions for H&R Block Inc. [HRB]
There are presently around $2,761 million, in the hands of institutional investors. The top three institutional holders of HRB stocks are: VANGUARD GROUP INC with ownership of 28,045,149, which is approximately 7.756% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 20,004,557 shares of the stock with an approximate value of $296.07 million in HRB stocks shares; and JUPITER ASSET MANAGEMENT LTD, currently with $168.66 million in HRB stock with ownership of nearly 8.482% of the company’s market capitalization.
Positions in H&R Block Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 180 institutional holders increased their position in H&R Block Inc. [NYSE:HRB] by around 24,543,282 shares. Additionally, 239 investors decreased positions by around 30,470,171 shares, while 54 investors held positions by with 131,531,045 shares. The mentioned changes placed institutional holdings at 186,544,498 shares, according to the latest SEC report filing. HRB stock had 40 new institutional investments in for a total of 4,310,392 shares, while 92 institutional investors sold positions of 10,691,867 shares during the same period.