What Wall Street is saying about H&R Block, (NYSE:HRB)
H&R Block, Inc. (NYSE:HRB) stock is presently standing at about $24.07 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 7 analysts covering the company is $24.00, which suggests the stock could still rise over 0 percent. The highest analyst price target is $28.00, which implies a rally of 84 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 1 rate HRB a strong buy. There are 7 equity research firms advocating a Hold and 1 consider it Sell.
Morgan Stanley analysts provided their view on H&R Block, Inc. (NYSE:HRB) recently. The rating firm issued a Equal-Weight rating to this company in a research note released on Nov 16, 2016. Macquarie analysts disclosed their opinion on H&R Block, Inc. (NYSE:HRB) recently. The rating firm gave a Outperform rating to this stock in a research note published on Aug 26, 2016. According to a research note disclosed on Mar 04, 2016, analysts at BMO Capital Markets have lowered their rating on these shares from Outperform to Market Perform.
H&R Block, Inc. (NYSE:HRB) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its SVP, U.S. Retail Prods & Ops Macfarlane Gregory J Purchased 4,618 company shares for 99980, in a transaction on 2016-09-01. Following the transaction, the SVP, U.S. Retail Prods & Ops is left with a stake of 121,707 shares, currently valued at $2929487. Meanwhile, Chief Accounting and Risk Offi Brown Jeffrey sold 16,067 shares worth $367290, through a transaction dated 2016-06-30. Following the completion of the transaction, the insider is left with a stake of 102,820 shares, amounting $2474877.4. HRB Chief Accounting and Risk Offi Brown Jeffrey also sold 105,896 shares, at a stock price of $21.83. This transaction occurred on 2016-06-27 totals $2311710. After this transaction, the insider’s stake stands at 106,880 shares, with a market value of $2572602.
Executives hold 1.52 percent of the stock. Mr. William C. Cobb is one of the biggest insider owners in H&R Block, Inc. (NYSE:HRB), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 711,769 shares which have current market value of around $17132279.83.Mark A. Ernst is another major inside shareholder in the company. The insider owns 306,484 shares as of 0.15%, currently worth $7377069.88. Jeffery W. Yabuki is ranked as third insider holder of the stock. This insider holds 151,664 shares with a market value around $3650552.48 as of recent close.
H&R Block, Inc. (NYSE:HRB) Earnings Outlook
In H&R Block, Inc. (NYSE:HRB)’s latest quarter, EPS moved to $-0.49 from $-0.67 in preceding quarter and revenues reached at $451.88M compared to $131.33M. Analysts had expected H&R Block, Inc. (NYSE:HRB) to post net income of about $-0.53 per share on $427.47M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.65 to $-0.54. That is compared with the $3.16 in EPS it reported during the same period a year ago.