Compass Point Maintains a 'Neutral' on H&R Block (HRB); Feb YTD Retail Stats Look a Little Light
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Price: $46.64 -2.69%
Rating Summary:
6 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
Rating Summary:
6 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
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Compass Point maintains a 'Neutral' on H&R Block (NYSE: HRB) price target of $17.00.
Analyst, Mike Turner, said, "HRB released tax return statistics through 1/31/12 (3Q12 qtr-end) and 2/15/12. Overall, the retail segment showed growth, but less than we would have expected given the easy comp. Positively, digital returns were strong and the segment appears to be taking share from TurboTax. Without IRS statistics, its difficult to assess whether HRB is taking market share in the important retail segment. We look for more color when 3Q12 earnings are released AMC on Wed, 3/7. Our opinion on the stock is unchanged following this release. Our FY12 EPS of $1.49 is unchanged, but we tweak 3Q12 from $0.00 to $0.05 and 4Q12 from $2.32 to $2.28."
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 $16.12 yesterday.
Analyst, Mike Turner, said, "HRB released tax return statistics through 1/31/12 (3Q12 qtr-end) and 2/15/12. Overall, the retail segment showed growth, but less than we would have expected given the easy comp. Positively, digital returns were strong and the segment appears to be taking share from TurboTax. Without IRS statistics, its difficult to assess whether HRB is taking market share in the important retail segment. We look for more color when 3Q12 earnings are released AMC on Wed, 3/7. Our opinion on the stock is unchanged following this release. Our FY12 EPS of $1.49 is unchanged, but we tweak 3Q12 from $0.00 to $0.05 and 4Q12 from $2.32 to $2.28."
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 $16.12 yesterday.
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