The stock of H&R Block Inc. (NYSE:HRB) increased by $0.48 on Tuesday to finish at $41.29, up 1.18 percent. The last five days have seen an average of 2,112,420 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $4.78. The average number of shares traded over the last 20 days was 1,538,055, while the average volume over the last 50 days totaled 1,394,198.
HRB stock appreciated 4.80% since last month. On 09/06/23, the company’s shares reached a one-month low of $38.70. The stock touched a high of $45.87 on 09/19/23, after rallying from a low of $28.83 in 52 weeks. The price of HRB stock has risen by 13.09% or $4.78 this year, reaching a new high 17 times. Still, the stock price is down -9.98% from the 52-week high.
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Insider Transactions
HRB stock investors should be aware that H&R Block Inc. (HRB) stock had its last reported insider trading activity 9 days ago on Sep 11. On Sep 11, VP & Chief Acct Officer Logerwell Kellie J sold 8,000 shares at $39.61 each. This transaction resulted in the insider making $316,845. On Aug 16, Jones Jeffrey J II sold 91,192 shares at a price of US$38.00. After the transaction, the insider now owns 812,150 shares. Director Johnson Richard A had earlier bought 10,000 shares on May 19 for $29.54 a share. The transaction was completed for $295,380.
Valuation Metrics
H&R Block Inc. (HRB) has a trailing price-to-earnings (P/E) ratio of 11.49. Beta for the stock is 0.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.74, the price-to-book (PB) ratio of 196.62, and the price-to-cash flow ratio of 7.85.
Company paid $0.32 per share in dividends, an increase of 10.34% from $0.29 last year. A $0.03 dividend increase was reported on Tuesday August 15 2023.
Financial Health
For the three months ended June 29, H&R Block Inc.’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 46.39, and the total debt to equity ratio is 46.39. As far as profitability goes, gross margin for the trailing twelve months is 44.60% percent. H&R Block Inc.’s operating margin stood at 21.60% for the same period. Based on annual data, it had gross profit of $1.55 billion and revenue of $3.47 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HRB’s return on assets (ROA) during the last 12 months has been 19.40%. There was a 39.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -241.60%.
Earnings Surprise
According to H&R Block Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.03 billion, while revenues fell by -1.74% to $2.09 billion. It was predicted that H&R Block Inc.’s quarterly earnings would be $2.05, but it ended up being $1.88, beating the consensus by 9.00%. EBITDA was $408.35 million for the quarter. At the end of H&R Block Inc.’s most recent quarter ended June 29, its liabilities totaled 3.04 billion, while its total debt was $1.94 billion. Equity owned by shareholders amounts to $147.0 million.
Technical Picture
Here’s a quick look at H&R Block Inc.’s (HRB) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 76.63%, suggesting the stock is Overbought, with a 15.74% historical volatility rate.
The stochastic %K and %D were 79.79% and 57.15% respectively, while the average true range (ATR) was 0.68. Based on the 14-day stochastic reading of 96.28%, the RSI (14) reading is 73.89%. On the 9-day MACD Oscillator, the stock is at 0.83, and the 14-day reading is at 0.88.
Analyst Ratings
In a note to investors, Barrington Research maintained its an Outperform rating on H&R Block Inc. (NYSE: HRB). However, the firm raised their price target to $24, indicating a possible decrease of -96.62% in the stock price. Analysts have assigned H&R Block Inc. (HRB) an Hold rating. HRB is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is HRB’s price target for the next 12 months?
The current consensus forecast for the stock is between $32.00 and $44.00, with a median target price of $42.00. In analyzing these forecasts, the average price target given by analysts for H&R Block Inc. (HRB) is $39.33.
