|Bid||28.47 x 800|
|Ask||28.48 x 800|
|Day's Range||28.41 - 28.74|
|52 Week Range||22.45 - 29.29|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||13.96|
|Earnings Date||Aug 26, 2019 - Aug 30, 2019|
|Forward Dividend & Yield||1.04 (3.65%)|
|1y Target Est||25.71|
H & R Block Inc NYSE:HRBView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderately high for HRB with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding HRB are favorable, with net inflows of $10.07 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. HRB credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The company announced that it entered into an agreement to acquire Wave Financial, a small-business financial-solutions platform, for $405 million in cash. Despite Enphase’s significant move since 2017, up 13-fold since January 2017 and over 200% year to date (versus Nasdaq Composite at 18% YTD), we still see upside in the shares as the company is in the process of transforming from a widget (microinverters) supplier to a complete solution provider.
Moody's Investors Service ("Moody's") affirmed Block Financial LLC's (together with its indirect parent, publicly-traded H&R Block, Inc., "H&R Block" or "Block") senior unsecured rating at Baa3 and short term rating at Prime-3. On Tuesday, H&R Block announced it had agreed to acquire Wave Financial Inc. ("Wave") for $405 million. Cash from Block's balance sheet will be used to complete the purchase during fiscal 2020 and pay related fees and expenses.
KANSAS CITY, Mo., June 13, 2019 -- H&R Block’s (NYSE:HRB) nonprofit referral program generated charitable donations for more than 2,300 nonprofits this year, totaling more.
Wednesday's 0.2% setback for the S&P 500 still wasn't enough to push it past the point of no return. But, anything remains possible at this point … good or bad. More than anything, traders are losing interest.Source: Allan Ajifo via Wikimedia (Modified)Teva Pharmaceutical (NYSE:TEVA) was a proverbial problem child, off more than 4% after a judge rejected its initial settlement offer to end an opioid liability case against the company. Chesapeake Energy (NYSE:CHK) was the bigger overall drag, falling more than 7%, mostly driven by industry pricing weakness. General Electric (NYSE:GE) helped keep the weakness to a minimum, up 1.5% as investors increasingly buy into the turnaround story. * 7 High-Quality Cheap Stocks to Buy With $10 None are great picks headed into Thursday's trading though. Rather, it's the stock charts of Philip Morris International (NYSE:PM), Twitter (NYSE:TWTR) and H & R Block (NYSE:HRB) that merit the closer looks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips H & R Block (HRB)Shares of H & R Block are, in simplest terms, at a crossroads.The fact that HRB was able to recover and rebound after being on the verge of a pretty significant selloff (as recently as March) confirmed there's a rather significant floor around $23.65, plotted in blue on both stock charts. However, this week's action also confirms there's a major ceiling that stands in the way of higher highs. Although the stock could still fall on either side of the fence, with two years' worth of consolidation ready to be unleashed, the possible breakout thrust is worth a closer look. Click to Enlarge * The ceiling in question is, of course, the $29.20 level marked in red on both stock charts. That's around where H & R Block stock peaked several times since late 2017. * Although none of the other attempts to hurdle $29.20 have been effective, this one differs in that the last couple days have made big gains on big volume. * Perhaps the most bullish argument here isn't what is, but what isn't. The weekly chart's RSI indicator hasn't crept into overbought territory yet, leaving room for more upside before the profit-takers push back. Philip Morris (PM)With nothing more than a passing glance at Philip Morris, it looks as if it has averted trouble. And, perhaps it has. The weakness seen late last month has been quelled, with a technical support level taking shape around $76.70.This may only be a short pause before the selloff resumes again, however. One more misstep could push PM shares over that cliff's edge. * 10 Smart Dividend Stocks for the Rest of the Year Click to Enlarge * The way the highs and lows over the course of the past week and a half have made a pretty well-defined box shape is telling in itself. It could be considered a bearish continuation pattern that lets the sellers regroup. * The floor at $76.70 is more meaningful than the past few days would suggest. That same level was a key floor a trio of times in 2018, making it a more important support area now. * Still, until that floor actually fails to keep Philip Morris stock propped up, there's still a chance at a rebound. Twitter (TWTR)Several times earlier this year Twitter was featured as a budding bullish candidate. Although choppy, the fact that the buyers were repeatedly making an attempt to reclaim ground lost in the middle of last year was encouraging. The breakout move finally took shape in April, though in the worst possible way. That is, a huge gap was left behind; traders generally don't like to leave gaps unfilled.Sure enough, that gap was filled in the meantime, with last month's weakness. The spot with which the bounceback has taken shape, however, suggests a whole new trading range has been established that will serve as a Launchpad for the move to the next higher level. Click to Enlarge * All it took was a kiss of the gray 100-day moving average line in early June (highlighted) to close the gap left with April's surge. * This week so far, the purple 50-day moving average line and the blue 20-day moving average line have acted as a technical floor, holding TWTR above a key technical ceiling near $37.20, plotted in red. * The next level to watch is $42.14, where the upper boundary of July's bearish gap is found. * It's more readily evident on the weekly chart, but with the recent move higher, the old trading range between $35.80 and $26.25 has been left in the rearview mirror.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 3 Big Stock Charts for Thursday: H & R Block, Twitter and Philip Morris appeared first on InvestorPlace.
The funds have been struggling to outperform, and have been bleeding billions of dollars in assets, thanks to their value-stock tilt.
Tax preparer H&R Block Inc . (NYSE: HRB ) reported earnings and revenue beats Tuesday, but sell-side analysts remained cautious, saying it’s early in the company’s turnaround process as it deals with a ...
H&R; Block CEO Jeff Jones said the fiscal year-end results showed gains in key areas, giving the company a lot to celebrate, but it has got to keep the momentum going.
are trading higher on Tuesday by 3.7% to $27.95 after the company reported its fourth-quarter results. It leaves shares just under range resistance near $28, causing many investors to wonder if H&R Block can push through this vital resistance level, triggering a multi-year breakout. Initially, shares pushed above this resistance mark, surging to $29.29 on the day.
H&R Block earnings for the company's fiscal fourth quarter of 2019 have HRB stock up on Tuesday.Source: Mike Mozart via FlickrH&R Block (NYSE:HRB) reported earnings per share of $4.29 for its fiscal fourth quarter of the year. This is down from the company's earnings per share of $5.42 from the same period of the year prior. However, it was a blessing to HRB stock by beating out Wall Street's earnings per share estimate of $4.14 for the quarter.The H&R Block earnings report for its fiscal fourth quarter of 2019 also includes net income of $877.91 million. The company's net income from its fiscal fourth quarter of 2018 was $1.14 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income reported in the H&R Block earnings release for its fiscal fourth quarter of the year comes in at $884.77 million. That's a drop from the company's operating income of $1.15 billion reported during the same time last year.H&R Block earnings for its fiscal fourth quarter of 2019 have revenue coming in at $2.33 billion. This is a decrease from the company's revenue of $2.39 billion reported in its fiscal fourth quarter of the previous year. It was also a boon to HRB stock by coming in above analysts' revenue estimate of $2.32 billion for the period. * 7 Dark Horse Stocks Winning the Race in 2019 The H&R Block earnings report isn't the only good news for HRB stock today. The company has also announced that it is acquiring Wave Financial. It will be paying $405 million in cash for the company. HRB is expecting the deal to close in the next few months.HRB stock was up 1% as of noon Tuesday. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post H&R Block Earnings: HRB Stock Pops on Q4 Beat, Wave Financial Deal appeared first on InvestorPlace.
on Tuesday reported better-than-expected fiscal fourth-quarter and full-year earnings, raised its dividend and announced it was acquiring Toronto-based Wave Financial for $405 million in cash. Shares of H&R Block were up 3.2% to $27.79 in trading Tuesday.
Shares of H&R Block Inc. surged 5.1% toward a 6-month high in premarket trade Tuesday, after the tax preparation services company reported fiscal fourth-quarter profit and revenue that beat expectations, boosted its dividend and announced the acquisition of Wave Financial Inc., a small-business financial solutions platform. Net income for the quarter to April 30 fell to $877.9 million, or $4.29 a share, from $1.1 billion, or $5.42 a share, in the year-ago period. The FactSet earnings-per-share consensus was $4.13. Revenue slipped to $2.33 billion from $2.39 billion, just above the FactSet consensus of $2.32 billion. For fiscal 2019, tax returns prepared by or through the company rose 1.5% to 20.3 million. The company raised its quarterly dividend by 4% to 26 cents a share, with the new dividend payable July 1 to shareholders of record on June 21. Based on Monday's stock closing price of $26.94, the new annual dividend rate implies a dividend yield of 3.86%, compared with the implied yield for the S&P 500 of 2.00%, according to FactSet. Separately, H&R Block said it extended its current stock repurchase program, which has $ billion remaining, by three years to June 2022. And the company said it was paying $405 million in cash for Wave Financial, to expand its product and client portfolio and enhance its position in the small-business market.
Kansas City-based H&R; Block Inc. once again will look to grow a small business solutions business, after agreeing to acquire Wave Financial Inc. for $405 million.
Compelling acquisition of a highly compatible business will accelerate H&R Block’s strategy in the large and expanding small business market, providing new growth opportunities. Wave provides accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform used by over 400,000 small businesses every month. KANSAS CITY, Mo., June 11, 2019 (GLOBE NEWSWIRE) -- H&R Block, Inc. (HRB) today announced that it entered into a definitive agreement to acquire Wave Financial Inc. (“Wave”), a rapidly-growing financial solutions platform focused on changing the way small business owners manage their finances, for $405 million in cash. Based in Toronto, Ontario, Wave is innovating and disrupting the small business market with free accounting, invoicing, and receipt-tracking software. Wave generates revenue by offering payment processing, payroll services, and bookkeeping services, with additional products currently in development. All of these products and services are offered through a comprehensive platform used by over 400,000 small businesses globally every month.
Achieved overall U.S. tax return growth, outpacing the industry for the second consecutive year. Reported fiscal 2019 revenues and margins at the high end of previously-provided.
NEW YORK, NY / ACCESSWIRE / June 11, 2019 / H&R Block, Inc. (NYSE: HRB ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on June 11, 2019 at 8:30 AM Eastern Time. ...
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H&R Block (NYSE: HRB ) unveils its next round of earnings this Tuesday, June 11. Get prepared with Benzinga's ultimate preview for H&R Block's Q4 earnings. Earnings and Revenue Wall Street analysts see ...