After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for H&R Block Inc. (HRB) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $39.19. The H&R Block Inc. has recorded 17,772 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted H&R Block Recognized as a 2023 Fortune Best Workplace in Financial Services & Insurance.
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Stocks Info
HRB belongs to the Consumer Cyclical sector of the NYSE while operating in the Personal Services industry. At the end of the last regular session, the stock closed at $39.19 and fluctuated between $39.60 as its day high and $39.09 as its day low. The current market capitalization of H&R Block Inc. is $5.70B. A total of 0.94 million shares were traded on the day, compared to an average of 1.37M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HRB has seen 3 BUY and 9 SELL insider trades, representing the acquisition of 743,078 and the disposition of 352,984 shares. Over the last 12 months, there were 14 BUYs and 12 SELLs from insiders. Insiders purchased 796,434 shares during that period but sold 440,320.
In the most recent transaction, Logerwell Kellie J sold 8,000 shares of HRB for 39.61 per share on Sep 11. After the transaction, the VP & Chief Acct Officer now owns 27,721 company shares. In a previous transaction on Aug 16, Jones Jeffrey J II sold 91,192 shares at 38.00 per share. HRB shares that President & CEO owns now total 812,150.
Among the insiders who bought shares, Johnson Richard A acquired of 10,000 shares on May 19 at a per-share price of $29.54. This resulted in the Director holding 68,729 shares of HRB after the transaction. In another insider transaction, Gerard Robert A bought 500 shares at $32.13 per share on May 11. Company shares held by the Director now total 276,406.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. H&R Block Inc. pays an annual dividend of $1.28, resulting in a dividend yield of 3.27%, and it has a price to earnings (P/E) ratio of 10.90. HRB’s most recent ex-dividend date was 9/6/2023 when it declared a $0.32 quarterly dividend that was paid in cash on 10/4/2023. Previously, the company paid the dividend on 7/6/2023 with an ex-dividend date of 6/6/2023. The HRB stock dividend was $0.29 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HRB in the last 3 months, the mean price target is $39.33 with high estimates of $44.00 and low estimates of $32.00. In terms of 52-week highs and lows, HRB has a high of $45.93 and a low of $28.83.
As of this writing, HRB has an earnings estimate of -$1.12 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$1.09 per share and a lower estimate of -$1.14. The company reported an EPS of $4.2 in the last quarter, which was -5.80% lower than expectations of $4.46.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HRB’s latest balance sheet shows that the firm has $885.01M in Cash & Short Term Investments as of fiscal 2022. There were $1.92B in debt and $998.81M in liabilities at the time. Its Book Value Per Share was $0.21, while its Total Shareholder’s Equity was $211.63M.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HRB is Buy with a score of 3.50.
