Wedbush Raises Price Target on H&R Block (HRB) Following Completion of Bank Disposition
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H&R Block (HRB) PT Bumped to $44 at Piper Jaffray on Early Bank Deal Closing and Buyback
September 2, 2015 7:40 AM EDTPiper Jaffray analyst George Tong reiterated an Overweight rating and bumped his price target on H&R Block (NYSE: HRB) to $44.00 (from $43.00) as the bank divestiture closes ahead of schedule and the company announced a new $3.5 billion stock buyback plan.
Tong... More
Market Wrap: Markets Tumble on Continued China Fears; Google Debuts New Look; U.S. August Auto Sales Outpace
September 1, 2015 5:20 PM EDTMarket wrap for September 1st
End of the Day: S&P 500 down 58.3 to 1,913.85; Dow Jones down 469.7 to 16,858.35; Nasdaq down 140.4 to 4,636.10
Market Brief: Markets moved lower Tuesday following data showing China's PMI fell from 50.0 in July to 49.7 last month. The metric was the lowest reading since August 2012 and a number below 50. indicates contraction.
The ISM Manufacturing index slipped to 51.1 percent in August, missing expectations.
U.S. light-vehicle sales outpaced in August.
McDonald's is going to start offering breakfast all day. You read that... More
After-Hours Stock Movers 09/01: (HRB) (FLXN) (GTN) Higher; (AVAV) (SCVL) (AMBA) Lower (more...)
September 1, 2015 5:15 PM EDTAeroVironment (NASDAQ: AVAV) 7.6% LOWER; reported Q1 EPS of ($0.30), $0.15 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $47.1 million versus the consensus estimate of $53.92 million. As of August 1, 2015, funded backlog (unfilled firm orders for which funding is currently appropriated to us under a customer contract) was $89.0 million compared to $64.7 million as of April 30, 2015.
H&R Block (NYSE: HRB) 7.4% HIGHER; announced that it has successfully closed its transaction to divest H&R Block... More
H&R Block (HRB) Tops Q1 EPS by 5c
September 1, 2015 4:07 PM EDTH&R Block (NYSE: HRB) reported Q1 EPS of ($0.35), $0.05 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $138 million versus the consensus estimate of $136 million.
"We are pleased that we have successfully closed the bank transaction and are... More
H&R Block (HRB) Announces New Capital Structure, Approves $3.5B Common Stock Buyback
September 1, 2015 4:04 PM EDTH&R Block (NYSE: HRB) announced that it has successfully closed its transaction to divest H&R Block Bank, selling certain assets and transferring certain liabilities, including all of its deposits, to BofI Federal Bank ("BofI") a full month earlier than expected. At the time of the closing, the bank made a one-time cash payment to BofI of approximately $419 million, which is approximately equal to the carrying value of the liabilities (including all deposit liabilities) assumed by BofI. The bank merged into its parent company, surrendered its bank charter, and... More
