As of Wednesday close, H&R Block Inc.’s (NYSE:HRB) stock was down -$0.24, moving down -0.60 percent to $39.71. The average number of shares traded per day over the past five days has been 1,061,520 shares. 4 times new highs have been achieved over the past 5 days, with a $0.06 gain in that time frame. In the last twenty days, the average volume was 1,567,555, while in the previous 50 days, it was 1,308,012.
Since last month, HRB stock rose 17.69%. Shares of the company fell to $33.23 on 08/01/23, the lowest level in the past month. A 52-week high of $45.95 was reached on 08/30/23 after having rallying from a 52-week low of $28.83. Since the beginning of this year, HRB’s stock price has risen by 8.76% or $3.20, and marked a new high 13 times. However, the stock has declined by -13.58% since its 52-week high.
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HRB stock investors should be aware that H&R Block Inc. (HRB) stock had its last reported insider trading activity 15 days ago on Aug 16. Jones Jeffrey J II, the President & CEO of the company, disposed of 91,192 shares for $38.00 on Aug 16. It resulted in a $3,465,296 divestment by the insider. Johnson Richard A added 10,000 shares at an average price of $29.54 on May 19. The insider now owns 68,729 shares following the transaction. On May 11, Director Gerard Robert A bought 500 shares at $32.13 apiece. The transaction was valued at $16,064.
Valuation Metrics
Right now, H&R Block Inc. (HRB) has a P/E ratio of about 11.05. The stock’s beta is 0.64. Besides these, the trailing price-to-sales (P/S) ratio of 1.66, the price-to-book (PB) ratio of 189.10, and the price-to-cash flow ratio of 7.52 may also be considered.
The latest dividend of $0.32 per share was paid out, which is 10.34% more than last year’s $0.29.
Financial Health
In the three months ended June 29, H&R Block Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 46.39, and the total debt-to-equity ratio was 46.39. On the profitability front, the trailing twelve-month gross margin is 44.60% percent. In the year ended June 29, operating margins totaled 21.60%. Based on annual data, HRB earned $1.55 billion in gross profit and brought in $3.47 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 39.40%. Return on equity (ROE) for the past 12 months was -241.60%.
In H&R Block Inc.’s quarter-end financial report for June 29, it reported total debt of $1.49 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HRB’s revenue fell -1.74% to $2.09 billion during the quarter, while net income inched up to $1.03 billion. While analysts expected H&R Block Inc. to report $1.88 quarterly earnings, the actual figure was $2.05 per share, beating the consensus estimate by 9.00%. During the quarter, the company generated $408.35 million in EBITDA. The liabilities of H&R Block Inc. were 3.04 billion at the end of its most recent quarter ended June 29, and its total debt was $1.94 billion. The value of shareholders’ equity is $147.0 million.
Technical Picture
This quick technical analysis looks at H&R Block Inc.’s (HRB) price momentum. With a historical volatility rate of 11.83%, the RSI 9-day stood at 75.68% on 30 August.
With respect to its five-day moving average, the current H&R Block Inc. price is up by +0.15% percent or $0.06. At present, HRB shares trade +16.76% above its 20-day simple moving average and +16.76% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.70% above its SMA50 and -3.90% below its SMA200.
Stochastic coefficient K was 94.27% and Stochastic coefficient D was 95.17%, while ATR was 0.75. Given the Stochastic reading of 89.88% for the 14-day period, the RSI (14) reading has been calculated as 75.76%. As of today, the MACD Oscillator reading stands at 0.22, while the 14-day reading stands at 1.27.
Analyst Ratings
Barrington Research reiterated its an Outperform rating on H&R Block Inc. (NYSE: HRB) in a note to investors. The analysts firm has however raised their price target to $24, representing a possible -89.1% increase in the stock price. H&R Block Inc. (HRB) has been rated Hold by analysts. According to 1 brokerage firm, HRB is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate H&R Block Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $42.00, the current consensus forecast for the stock is $32.00 – $44.00. Based on these forecasts, analysts predict H&R Block Inc. (HRB) will achieve an average price target of $39.33.
