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Jun 11, 2019

H&R Block (HRB, $27.72) beats Q4 earnings estimates, hikes dividend and announces $405 million acquisition plans

H&R Block reported its fiscal fourth quarter earnings that surpassed analyst expectations. The tax preparation company also announced a raise in its dividend, and expressed its plans to acquire Canadian firm Wave Financial.

The company’s first-quarter earnings came in at $4.32 a share, compared to analysts’ estimates of $4.13 a share (based on FactSet poll). Revenue of $2.33 billion was higher than the year-ago quarter’s $2.39 billion.

H&R Block is hiking its quarterly dividend by 4% to 26 cents a share, or $1.04 annually.

The company also revealed that it will acquire Toronto-based Wave Financial, subject to regulatory approval. H&R apparently expects the acquisition to bolster the company’s small business market, thanks to Wave's accounting, invoicing, payroll, and payments software solutions specialized to cater to small businesses. The acquisition will be an all-cash $405 million deal.

 

Related Ticker: HRB

HRB in upward trend: price rose above 50-day moving average on March 19, 2024

HRB moved above its 50-day moving average on March 19, 2024 date and that indicates a change from a downward trend to an upward trend. In of 41 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 27, 2024. You may want to consider a long position or call options on HRB as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for HRB just turned positive on March 27, 2024. Looking at past instances where HRB's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HRB advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 285 cases where HRB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for HRB moved out of overbought territory on February 28, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HRB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

HRB broke above its upper Bollinger Band on February 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HRB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: HRB's P/B Ratio (189.036) is very high in comparison to the industry average of (12.417). P/E Ratio (13.394) is within average values for comparable stocks, (61.266). Projected Growth (PEG Ratio) (0.822) is also within normal values, averaging (1.804). Dividend Yield (0.026) settles around the average of (0.031) among similar stocks. P/S Ratio (2.088) is also within normal values, averaging (27.519).

Notable companies

The most notable companies in this group are Booking Holdings (NASDAQ:BKNG), Royal Caribbean Group (NYSE:RCL), Trip.com Group Limited (NASDAQ:TCOM), Carnival Corp (NYSE:CCL), Expedia Group (NASDAQ:EXPE), WW International (NASDAQ:WW).

Industry description

Other consumer services include companies that provide consumer services, and are not classified elsewhere. Travel fare aggregators, hotel bookings, consumer-to-consumer or business-to-business sales platforms are some examples of services that can be clubbed into this category. Many of such services have expanded online. Booking Holdings Inc, The Priceline Group Inc, and eBay Inc. are some major operators in this segment.

Market Cap

The average market capitalization across the Other Consumer Services Industry is 8.78B. The market cap for tickers in the group ranges from 158.6K to 121.92B. BKNG holds the highest valuation in this group at 121.92B. The lowest valued company is PRXIQ at 158.6K.

High and low price notable news

The average weekly price growth across all stocks in the Other Consumer Services Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 5%. PDRO experienced the highest price growth at 17%, while TRNR experienced the biggest fall at -18%.

Volume

The average weekly volume growth across all stocks in the Other Consumer Services Industry was 2%. For the same stocks of the Industry, the average monthly volume growth was -1% and the average quarterly volume growth was -2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 73
Price Growth Rating: 52
SMR Rating: 69
Profit Risk Rating: 87
Seasonality Score: -12 (-100 ... +100)
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HRBDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a provider of tax, mortgage and financial services

Industry OtherConsumerServices

Profile
Fundamentals
Details
Industry
Other Consumer Services
Address
One H&R Block Way
Phone
+1 816 854-3000
Employees
3800
Web
https://www.hrblock.com
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