H & R Block Inc (HRB) is Initiated by Macquarie to Outperform, Price Target at $28

H & R Block Inc (HRB) was Initiated by Macquarie to “Outperform” and the brokerage firm has set the Price Target at $28. Macquarie advised their investors in a research report released on Aug 26, 2016.

On the company’s financial health, H & R Block Inc reported $3.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 9, 2016. Analyst had a consensus of $3.17. The company had revenue of $2297.50 million for the quarter, compared to analysts expectations of $2282.50 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.73 EPS.

H & R Block Inc opened for trading at $24.25 and hit $24.51 on the upside on Tuesday, eventually ending the session at $24.51, with a gain of 1.16% or 0.28 points. The heightened volatility saw the trading volume jump to 16,79,089 shares. Company has a market cap of $5,405 M.

In a different news, on Jul 1, 2016, Jeffrey Brown (Chief Accounting and Risk Offi) sold 16,067 shares at $22.86 per share price. According to the SEC, on Jun 16, 2016, Robert A Gerard (director) purchased 2,000 shares at $23.33 per share price. On Jun 14, 2016, Paul J Brown (director) purchased 2,500 shares at $23.97 per share price, according to the Form-4 filing with the securities and exchange commission.

H&R Block Inc. (H&R Block) is a holding company. The Company through its subsidiaries provides tax preparation and other services. The Company provides assisted income tax return preparation digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States and its territories Canada and Australia. The Company offers a range of online tax services from tax advice to complete professional and DIY tax return preparation and electronic filing through its Website at www.hrblock.com. Services available at this Website allow clients to prepare their federal and state income tax returns using online tax program access tax tips advice and tax-related news and use calculators for tax planning. The Company develops and markets DIY desktop income tax preparation software. It develops and offers applications for mobile devices which provide tax and related services to clients.

H & R Block Inc

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