H&R Block, Inc. (NYSE:HRB) Given Price Target Of $28


As per H&R Block, Inc. (NYSE:HRB)’s news release on 2016-06-10, its shareholders will get cash dividend of $0.22 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-20 and 2016-07-01, respectively.

The stock will commence trading ex-dividend from 2016-06-16, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year H&R Block, Inc. (NYSE:HRB) disbursed $0.22 in dividend compared to distribution of $0.22, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated H&R Block, Inc. (NYSE:HRB) to attain a price target of $28. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $32. The low price range is set at $25 for next year while the arithmetic mean is seen at 2.31.

Eyeing Earnings H&R Block, Inc. (NYSE:HRB) is likely to post quarterly numbers around 2016-08-30 for the quarter ending 2016-07-31. The quarterly EPS projection is set at $-0.53 for the period ending on 2016-07-31.

In last quarter ended 2016-04-30, H&R Block, Inc. (NYSE:HRB) earnings came at $3.16 suggesting a deviation of $0.07. The brokerages targeted EPS of $3.09 for the quarter.

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