H&R Block Inc. [NYSE: HRB] gained 15.29% or 6.03 points to close at $45.47 with a heavy trading volume of 5031000 shares. The company report on August 9, 2022 that H&R Block Reports Strong Fiscal 2022 Results; Increases Dividend & Announces New Share Repurchase Authorization.
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H&R Block, Inc. (NYSE: HRB) (the “Company”) today released its financial results1 for the fiscal year ended June 30, 2022.
H&R Block reports fiscal year results exceeding its revenue and earnings outlook.
It opened the trading session at $41.42, the shares rose to $45.72 and dropped to $41.00, the range by which the price of stock traded the whole day. The daily chart for HRB points out that the company has recorded 85.52% gains over the past six months. However, it is still -115.7% lower than its most recent low trading price.
If we look at the average trading volume of 2.42M shares, HRB reached to a volume of 5031000 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $33.75 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 2.40. 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.
Barrington Research have made an estimate for H&R Block Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 10, 2021. The new note on the price target was released on July 15, 2020, representing the official price target for H&R Block Inc. stock. On March 06, 2020, analysts decreased their price target for HRB shares from 30 to 25.
The Average True Range (ATR) for H&R Block Inc. is set at 1.26, with the Price to Sales ratio for HRB stock in the period of the last 12 months amounting to 2.76. The Price to Book ratio for the last quarter was 162.39, with the Price to Cash per share for the same quarter was set at 6.58.
Trading performance analysis for HRB stock
H&R Block Inc. [HRB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.13. With this latest performance, HRB shares gained by 23.63% in over the last four-week period, additionally plugging by 85.52% over the last 6 months – not to mention a rise of 80.72% 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 80.50, with the RSI for the last a single of trading hit 84.42, and the three-weeks RSI is set at 77.06 for H&R Block Inc. [HRB]. The present Moving Average for the last 50 days of trading for this stock 36.88, while it was recorded at 40.94 for the last single week of trading, and 28.24 for the last 200 days.
H&R Block Inc. [HRB]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and H&R Block Inc. [HRB] shares currently have an operating margin of +22.54 and a Gross Margin at +46.04. H&R Block Inc.’s Net Margin is presently recorded at +17.22.
Return on Total Capital for HRB is now 24.18, given the latest momentum, and Return on Invested Capital for the company is 22.12. Return on Equity for this stock inclined to 277.63, with Return on Assets sitting at 13.41. 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 550.24. Additionally, HRB Total Debt to Total Capital is recorded at 84.62, with Total Debt to Total Assets ending up at 53.07. Long-Term Debt to Equity for the company is recorded at 491.67, with the Long-Term Debt to Total Capital now at 75.61.
Reflecting on the efficiency of the workforce at the company, H&R Block Inc. [HRB] managed to generate an average of $8,119 per employee. Receivables Turnover for the company is 10.28 with a Total Asset Turnover recorded at a value of 0.78.H&R Block Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
H&R Block Inc. [HRB]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at H&R Block Inc. [HRB]
There are presently around $6,100 million, or 93.30% of HRB stock, in the hands of institutional investors. The top three institutional holders of HRB stocks are: BLACKROCK INC. with ownership of 20,725,678, which is approximately -8.534% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 20,456,859 shares of the stock with an approximate value of $930.17 million in HRB stocks shares; and JUPITER ASSET MANAGEMENT LTD, currently with $418.21 million in HRB stock with ownership of nearly -16.864% of the company’s market capitalization.
Positions in H&R Block Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 186 institutional holders increased their position in H&R Block Inc. [NYSE:HRB] by around 18,139,323 shares. Additionally, 213 investors decreased positions by around 26,058,422 shares, while 69 investors held positions by with 89,963,771 shares. The mentioned changes placed institutional holdings at 134,161,516 shares, according to the latest SEC report filing. HRB stock had 81 new institutional investments in for a total of 2,818,362 shares, while 60 institutional investors sold positions of 4,428,250 shares during the same period.