H&R Block Inc. [NYSE: HRB] closed the trading session at $31.23 on 05/10/23. The day’s price range saw the stock hit a low of $30.75, while the highest price level was $32.04. The company report on May 9, 2023 at 4:05 PM that H&R Block Reports Fiscal 2023 Third Quarter Results; Provides Update on FY23.
For the third quarter, the Company delivered revenue of $2.1 billion, an increase of 2%; earnings per share from continuing operations2 of $4.14, an increase of 2%; and adjusted earnings per share from continuing operations2 of $4.20, an increase of 2%.
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The stocks have a year to date performance of -14.46 percent and weekly performance of -3.73 percent. The stock has been moved at -21.63 percent over the last six months. The stock has performed -7.88 percent around the most recent 30 days and changed -20.74 percent over the most recent 3-months.
If compared to the average trading volume of 1.43M shares, HRB reached to a volume of 5410853 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $43.00 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 2.20. 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 0.90, with the Price to Sales ratio for HRB stock in the period of the last 12 months amounting to 1.36. Price to Free Cash Flow for HRB in the course of the last twelve months was 6.74 with Quick ratio for the last quarter at 1.20.
HRB stock trade performance evaluation
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 -3.73. With this latest performance, HRB shares dropped by -7.88% in over the last four-week period, additionally sinking by -21.63% over the last 6 months – not to mention a rise of 28.68% 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 31.30, with the RSI for the last a single of trading hit 28.20, and the three-weeks RSI is set at 33.83 for H&R Block Inc. [HRB]. The present Moving Average for the last 50 days of trading for this stock 34.36, while it was recorded at 32.14 for the last single week of trading, and 39.37 for the last 200 days.
H&R Block Inc. [HRB]: An insightful look at the core 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 +21.51 and a Gross Margin at +45.68. H&R Block Inc.’s Net Margin is presently recorded at +16.12.
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 908.47. Additionally, HRB Total Debt to Total Capital is recorded at 90.08, with Total Debt to Total Assets ending up at 58.81. Long-Term Debt to Equity for the company is recorded at 810.70, with the Long-Term Debt to Total Capital now at 80.39.
Reflecting on the efficiency of the workforce at the company, H&R Block Inc. [HRB] managed to generate an average of $7,985 per employee.H&R Block Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Earnings per share (EPS) analysis for H&R Block Inc. [HRB] stock
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 15.00%.
H&R Block Inc. [HRB]: Insider Ownership positions
There are presently around $4,561 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 20,080,859, which is approximately 1.132% of the company’s market cap and around 1.00% of the total institutional ownership; FMR LLC, holding 19,158,318 shares of the stock with an approximate value of $598.31 million in HRB stocks shares; and VANGUARD GROUP INC, currently with $527.82 million in HRB stock with ownership of nearly -9.936% of the company’s market capitalization.
Positions in H&R Block Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 212 institutional holders increased their position in H&R Block Inc. [NYSE:HRB] by around 18,744,565 shares. Additionally, 228 investors decreased positions by around 11,371,169 shares, while 78 investors held positions by with 115,921,754 shares. The mentioned changes placed institutional holdings at 146,037,488 shares, according to the latest SEC report filing. HRB stock had 69 new institutional investments in for a total of 5,041,044 shares, while 66 institutional investors sold positions of 4,200,356 shares during the same period.