H&R Block (HRB) Gets a Hold Rating from Oppenheimer
Oppenheimer analyst Scott Schneeberger assigned a Hold rating to H&R Block (HRB) today. The company’s shares closed last Tuesday at $14.79.
According to TipRanks.com, Schneeberger is a 4-star analyst with an average return of 5.5% and a 57.8% success rate. Schneeberger covers the Services sector, focusing on stocks such as Fleetcor Technologies, Service International, and Target Hospitality.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for H&R Block with a $19.40 average price target.
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Based on H&R Block’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.81 billion and net profit of $460 million. In comparison, last year the company earned revenue of $2.33 billion and had a net profit of $878 million.
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H&R Block, Inc. engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955 and is headquartered in Kansas City, MO.