H&R Block, Inc. (NYSE:HRB), with 4.49% gains in previous 5 sessions, is under coverage of 11 analysts who collectively assign a hold rating on stock. 4 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 8 stock analysts who cover the stock have an average PT at $26.13, with individual targets in the range of $22 to $29. The shares ended last trade at $23.03, implying that Wall Street analysts see shares climbing about 13.46 per cent in 12 months’ time.
Insider Trading News: Insiders at the company look mixed about the outlook as they seem to trade shares both ways while they have -29 retreated so far this year. A SVP, U.S. Retail Prods & Ops at H&R Block, Inc. (HRB) purchased shares in a trading activity completed on Thursday September 01, 2016. Macfarlane Gregory J accumulated 4,618 shares in the company at a per-share price of $21.65 and ended up spending $99,980 in the investment. Macfarlane Gregory J now have 121,707 shares in the stock after this transaction. A Chief Accounting and Risk Offi in the company, Brown Jeffrey, on Thursday June 30, 2016 collected $367,290 from the sale of 16,067 shares at a per-share price of $21.65. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.
H&R Block, Inc. (NYSE:HRB) Earnings on Tap
Investors interested in trading HRB stock at the current market price of $23.03/share should know the company will next release quarterly results for the October 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver -$0.68 in earnings per share (EPS). That would represent a 33.33 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $126.93M.
Historical Quarterly Earnings: Last quarter, H&R Block, Inc. generated nearly $125.18M in sales and net income of -$0.55/share. That compares with the mean forecast $132.95M and -$0.53/share, respectively. For the prior quarter revenue for the stock hit $2.3B, with EPS at $3.16.
H&R Block, Inc. (HRB) Analyst Rating News
Morgan Stanley is following shares of H&R Block, Inc. (HRB), so its rating change is noteworthy. The company stock was downgraded to Equal-Weight from Overweight, wrote analysts at Morgan Stanley, in a research note issued to clients on Wednesday November 16, 2016. There was another key research note provided by Macquarie on Friday August 26, 2016. The firm launched coverage on HRB at Outperform.
Price Potential: Even though the stock has posted 3.6% rise in value, its new closing price reflects a -36.68% fall in value from company’s one year high of $37.35. The stock is currently holding above its 50-day SMA of $22.77 and below its 200-day SMA of $22.64. Over the last 3 months and over the last 6 months, the shares of H&R Block, Inc. (HRB), have changed -3.27% and 14.15%, respectively.