H&R Block Inc.NYSE
Yesterday, 5:35 PM
Mon, Nov. 28, 9:18 AM
- Analyst Mark Palmer says the 9% post-election rally in H&R Block (NYSE:HRB) reflects a complacency from investors who may be forgetting Trump's August 2015 promise to put the company out of business by simplifying the tax filing process.
- Even if one acknowledges this as being little more than campaign trail rhetoric, says Palmer, given Republican control of Congress to go along with President Trump, it's not out the realm to believe at least some tax simplification is coming.
- He also notes leading voices on the Left - Senators Sanders and Warren - this year put forth a "Tax Simplification" act.
- Palmer's $18 price target is based on 9.5x expected 2018 EPS of $1.88.
- Shares are down 2.6% premarket to $23.35.
Thu, Nov. 10, 5:04 PM
Wed, Aug. 31, 12:45 PM
Wed, Aug. 31, 10:05 AM
- While H&R Block's (NYSE:HRB) fiscal first quarter typically represents less than 5% of annual revenues and less than 15% of annual expenses, management in the last couple of years has boosted expectations for off-season quarters with its "year round" plan, writes BTIG's Mark Palmer.
- In that respect, last night's 2017 FQ1 top- and bottom-line misses were a disappointment, says Palmer. Adjusted loss per share of $0.55 matched his estimate, but fell short of the $0.53 consensus, and revenue of $125.2M missed the Street at $132.8M and Palmer at $140M.
- He cuts his FY17 and FY18 EPS estimates to $1.74 and $1.88, respectively, from $1.84 and $2.10 previously, and maintains a Neutral rating.
- Shares are down 9.7%.
Tue, Aug. 30, 5:37 PM
Tue, Aug. 30, 4:23 PM
Mon, Aug. 29, 5:35 PM
Thu, Aug. 25, 4:26 PM
Fri, Aug. 12, 10:54 AM
- H&R Block (HRB +1.8%) bounces higher after Cincarious Research, in a post on Zero Hedge, says sources within the company say it is preparing to put itself up for sale.
- Goldman Sachs has been hired as the banker for the deal, and management wants ~$35/share in a sale, according to the report.
- HRB is down nearly 30% YTD.
Thu, Jun. 9, 6:18 PM
- H&R Block (NYSE:HRB) +6.3% AH after reporting FQ4 earnings that beat expectations and hiking its dividend by 10%.
- HRB gives its final tally of U.S. tax return volume for the latest tax season, with total returns down 4.5%, including a 5.8% decline in assisted returns and a 2.6% drop in returns prepared with its software.
- HRB says it is investing in initiatives aimed at attracting more customers during the current year, but offers no details except that funding will occur through previously announced cost-cutting efforts.
Thu, Jun. 9, 5:36 PM
Thu, Jun. 9, 4:34 PM
- H&R Block (NYSE:HRB) declares $0.22/share quarterly dividend, 10% increase from prior dividend of $0.20.
- Forward yield 4.09%
- Payable July 1; for shareholders of record June 20; ex-div June 16.
Thu, Jun. 9, 4:27 PM
- H&R Block (NYSE:HRB): FQ4 EPS of $3.16 beats by $0.01.
- Revenue of $2.3B (flat Y/Y) beats by $20M.
- Shares +7%.
Wed, Jun. 8, 5:40 PM
Wed, Jun. 8, 5:35 PM