BTIG Keeps 'Neutral' Rating on H&R Block (HRB) Following Q4 Report; Says Management Direction Remains 'Vague'
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S&P Lowers Outlook on H&R Block (HRB) to Negative; Notes Recent Weak Earnings Performance
June 10, 2016 2:47 PM EDTS&P Global Ratings revised its ratings outlook on H&R Block Inc. (NYSE: HRB) to negative from stable. At the same time we affirmed all ratings on the company, including the 'BBB' corporate credit rating and 'A-2' short term rating.
"The negative outlook reflects our downward revision to our performance forecast because of Block's weaker-than-anticipated earnings for the 2016 tax year, and our belief that the increasingly competitive tax preparation industry, as well as continuous shift in the industry from assisted tax filing to DIY services, will continue to weigh on the... More
H&R Block (HRB) Raises Quarterly Dividend 10% to $0.22; 4.1% Yield
June 9, 2016 4:22 PM EDTH&R Block (NYSE: HRB) declared a quarterly dividend of $0.22 per share, or $0.88 annualized. This is a 10% increase from the prior dividend of $0.20.
The dividend will be payable on July 1, 2016, to stockholders of record on June 20, 2016, with an ex-dividend date of June 16,... More
H&R Block (HRB) Reports In-Line Q4 EPS; Boosts Qtr. Dividend 10%
June 9, 2016 4:21 PM EDTH&R Block (NYSE: HRB) reported Q4 EPS of $3.15, in-line with the analyst estimate of $3.15. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.28 billion.
The company is making strategic changes which it believes will yield positive results in the... More
H&R Block (HRB) volatility increases as shares near four-year lows into Q4 and outlook
June 8, 2016 10:43 AM EDTH&R Block (NYSE: HRB) June call option implied volatility is at 69, July is at 41; compared to its 52-week range of 23 to 46 into the expected release of Q4 results on June 9.
... More