H&R Block (NYSE:HRB) Updates FY 2027 Earnings Guidance

H&R Block (NYSE:HRBGet Free Report) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 6.040-6.240 for the period, compared to the consensus earnings per share estimate of 5.820. The company issued revenue guidance of $4.1 billion-$4.2 billion, compared to the consensus revenue estimate of $4.0 billion.

H&R Block Trading Up 1.7%

NYSE:HRB traded up $0.77 on Tuesday, hitting $46.70. 4,471,791 shares of the stock were exchanged, compared to its average volume of 2,393,365. The stock has a fifty day moving average of $39.84 and a 200-day moving average of $35.68. The stock has a market cap of $5.92 billion, a PE ratio of 8.31, a PEG ratio of 0.65 and a beta of 0.34. H&R Block has a fifty-two week low of $28.16 and a fifty-two week high of $54.42.

H&R Block (NYSE:HRBGet Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.17. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. As a group, analysts predict that H&R Block will post 5.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stephens initiated coverage on shares of H&R Block in a research report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price target for the company. Barrington Research restated an “outperform” rating and set a $50.00 price objective on shares of H&R Block in a research note on Monday, April 27th. Zacks Research lowered shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $43.00.

Check Out Our Latest Stock Report on HRB

Institutional Trading of H&R Block

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in H&R Block by 85.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,191 shares of the company’s stock valued at $119,000 after acquiring an additional 1,009 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of H&R Block by 3.6% in the 1st quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company’s stock valued at $627,000 after purchasing an additional 400 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of H&R Block by 15.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company’s stock valued at $46,593,000 after buying an additional 112,127 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of H&R Block by 100.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock valued at $39,000 after buying an additional 357 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of H&R Block by 119.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock valued at $50,000 after buying an additional 497 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

About H&R Block

(Get Free Report)

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.

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Earnings History and Estimates for H&R Block (NYSE:HRB)

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