BTIG Keeps 'Neutral' Rating on H&R Block (HRB) Following Q4 Report; Says Management Direction Remains 'Vague'

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Go back to BTIG Keeps 'Neutral' Rating on H&R Block (HRB) Following Q4 Report; Says Management Direction Remains 'Vague'

H&R Block Announces Fiscal 2016 Results and Dividend Increase

June 9, 2016 4:20 PM EDT

KANSAS CITY, MO -- (Marketwired) -- 06/09/16 --

Company to focus on arresting client decline and reducing costs in fiscal 2017Revenues declined $40.5 million, or 1.3%, in fiscal year 2016 to just over $3 billion primarily due to lower return volume, the impact of the divestiture of H&R Block Bank, and the impact of foreign currency exchange rate fluctuations, partially offset by increased pricing and improved form mix1GAAP earnings per share from continuing operations of $1.53; non-GAAP adjusted... More