When H&R Block Inc. (NYSE: HRB) released its fiscal third-quarter financial results after the markets closed on Thursday, the firm said that it had a net loss of $0.59 per share and $519.2 million in revenue. That compared with consensus estimates of $0.55 in earnings per share and $485.6 million in revenue, as well as the $0.52 per share in earnings on revenue of $468.4 million posted in the same period of last year.
Overall, revenues increased 11% year over year due to improved tax return volumes in both Assisted and DIY, as well as revenues from acquired franchises and Wave.
The board previously announced that a quarterly cash dividend of $0.26 per share is payable on April 1 to shareholders of record as of March 17.
During the most recent quarter, the company repurchased 2.8 million shares at an aggregate price of $66 million, bringing total repurchases for the year to 10.1 million shares at an aggregate price of $247 million.
The company did not issue any guidance in the report. However, consensus estimates call for $4.55 in earnings per share (EPS) and $2.37 billion in revenue for the fiscal fourth quarter.
Jeff Jones, H&R Block’s president and CEO, commented:
We’re making progress on our strategy to transform our business by connecting human expertise with technology to drive transparency and value for consumers and small business owners. We’re seeing the positive results of these efforts in our Assisted business and will apply learnings from the first half to deliver on our outlook for the fiscal year.
H&R Block stock traded down almost 9% at $19.00 early Thursday. The 52-week range now is $17.61 to $29.62. The consensus price target is $24.33.
24/7 Wall St.100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.