Revenue Update on H & R Block Inc(NYSE:HRB)

H & R Block Inc(NYSE:HRB) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 9, 2016. Company reported revenue of $2.30B. Analysts estimated a revenue of $2.29B. Earnings per share were $3.16. Analysts had estimated an EPS of $3.19.

In a different note, Sterne Agee CRT said it Initiates Coverage on H & R Block Inc, according to a research note issued on May 3, 2016. The shares have been rated ‘Neutral’ by the firm. On Apr 27, 2016, Oppenheimer said it Downgrades its rating on H & R Block Inc. The shares have been rated ‘Perform’ by the firm. On Apr 26, 2016, Credit Suisse said it Maintains its rating on H & R Block Inc. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Neutral’ by the firm. Sterne Agee CRT said it Initiates Coverage on H & R Block Inc, according to a research note issued on Mar 22, 2016. The shares have been rated ‘Neutral’ by the firm.

H & R Block Inc (HRB) made into the market gainers list on Tuesdays trading session with the shares advancing 0.17% or 0.04 points. Due to strong positive momentum, the stock ended at $23.79, which is also near the day’s high of $24.14. The stock began the session at $23.66 and the volume stood at 61,68,541 shares. The 52-week high of the shares is $37.53 and the 52 week low is $19.18. The company has a current market capitalization of $5,339 M and it has 22,44,05,680 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 31, 2015, Gregory J Macfarlane (Chief Financial Officer) sold 265,778 shares at $33.51 per share price.Also, On Dec 18, 2015, Jeffrey Brown (Chief Accounting and Risk Offi) sold 50,000 shares at $33.30 per share price.On Dec 14, 2015, Jason Houseworth (President, US Tax Product Str) sold 63,375 shares at $32.81 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.

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