Compass Point Reiterates a 'Buy' on H & R Block (HRB) After Positive Q4 Report
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Price: $28.94 -0.86%
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 29
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 29
Trade HRB Now!
Compass Point reiterates a 'Buy' on H & R Block (NYSE: HRB) price target of $18.50.
Analyst, Mike Turner, said, "Earnings were slightly above prior guidance, they repurchased nearly 7% of their shares outstanding since quarter-end, and it appears they are positioned to have the minimum net worth covenant removed in the coming months. Overall, the release is generally consistent with our prior expectations though it provides additional confidence that management remains focused on returning capital, which we believe is the primary near-term catalyst for the stock."
"We are increasing our FY13 EPS from $1.43 to $1.61, due largely to the accelerated timing of share repurchases as well as the incorporation of the cost saves."
For an analyst ratings summary and ratings history on H & R Block click here. For more ratings news on H & R Block click here.
Shares of H & R Block closed at $15.09 yesterday, with a 52 week range of $12.54-$17.46.
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Analyst, Mike Turner, said, "Earnings were slightly above prior guidance, they repurchased nearly 7% of their shares outstanding since quarter-end, and it appears they are positioned to have the minimum net worth covenant removed in the coming months. Overall, the release is generally consistent with our prior expectations though it provides additional confidence that management remains focused on returning capital, which we believe is the primary near-term catalyst for the stock."
"We are increasing our FY13 EPS from $1.43 to $1.61, due largely to the accelerated timing of share repurchases as well as the incorporation of the cost saves."
For an analyst ratings summary and ratings history on H & R Block click here. For more ratings news on H & R Block click here.
Shares of H & R Block closed at $15.09 yesterday, with a 52 week range of $12.54-$17.46.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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