Liberty Tax Inc (TAX) Releases Earnings Results, Misses Expectations By $-0.83 EPS

Liberty Tax Inc (TAX) reported quarterly earnings results on Tuesday, Jun-14-2016. The company reported $1.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.83. Analysts had a consensus of $2.24. The company posted revenue of $173.40 million in the period, compared to analysts expectations of $103.90 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS.

Liberty Tax Inc closed down -0.005 points or -0.05% at $10.51 with 44,463 shares getting traded on Friday. Post opening the session at $10.39, the shares hit an intraday low of $10.39 and an intraday high of $10.953 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jan 15, 2016, Michael Piper (President, JTH Financial, LLC) purchased 1,250 shares at $18.94 per share price. According to the SEC, on Jan 13, 2016, Robert M Howard (director) purchased 2,000 shares at $19.94 per share price. On May 11, 2015, Ellen M Mcdowell (director) sold 7,500 shares at $30.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Liberty Tax Inc. formerly JTH Holding Inc. is a holding company for JTH Tax Inc. The Company provides retail federal and state income tax preparation services in the United States and Canada. The Company has two operating segments: U.S. operations and Canadian operations. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations. The Company also provides tax preparation services through its online tax return products. All of the Company’s offices are operated under the Liberty Tax Service and SiempreTax+ brands. The Company offers a franchise purchase program rent to own which allows existing franchisees to acquire additional territories with minimal risk. The Company offers two types of tax settlement financial products: refund transfer products which include providing a means by which a customer receives his or her refund and refund-based loans which is marketed as an Instant Cash Advance (ICA).

Liberty Tax Inc

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