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H&R Block stock price target cut to $25 from $29 at BMO Capital
H&R Block's stock plunges 18% premarket after Q4 results late Tuesday
Shares of H&R Block Inc. fell more than 14% late Tuesday after the tax-preparation company reported a first-quarter earnings beat and increased its dividend. H&R Block said it earned $1.14 billion, or $5.45 a share, in the quarter, compared with $783 million, or $3.77 a share, in the year-ago period. Revenue rose to $2.39 billion, from $2.33 billion a year ago. Analysts polled by FactSet had expected GAAP earnings of $5.23 a share on sales of $2.34 billion. For the year, about 20 million tax returns were prepared by or through H&R Block in the U.S., a 2.5% increase over fiscal 2017, the company said. The company also announced a 4% dividend increase to 25 cents a share, payable on July 2. Shares had ended the regular trading day up 0.8%.
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The IRS issued a one-day, penalty-free extension for tax filers after suffering an all-day computer breakdown on Tuesday that prevented taxpayers from filing returns electronically on the day 2017 payments were due.
Parents are preparing returns for their grown children even into their 40s, with no plans to hand over the chore. Mom and Dad ‘enjoy it,’ the younger generation says, plus ‘it saves me time.’
It isn’t just the tax-law overhaul: Do-it-yourself tax software continues to eat away at companies like H&R Block.
Oppenheimer analyst Scott Schneeberger maintained a Hold rating on H&R Block (NYSE: HRB) today. The ...[...]
H & R Block Inc Stock Plummets Despite Beating Earnings Estimates
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H&R Block Reports Improved Results for Fiscal 2018 and Dividend Increase; To Provide Outlook for Fiscal 2019
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H&R Block helps nonprofits raise more than $1 million for second straight year
H&R Block Reports Growth in U.S. Tax Return Volume Through April 19; To Announce Fiscal 2018 Results on June 12, 2018
H&R Block Names Vinoo Vijay as Chief Marketing Officer
H&R Block offers clutch tax tips for procrastinators
H&R Block's vast product lineup lets taxpayers file however they want
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H&R Block advises DIY clients on how to prepare for taxes at end of season
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H&R Block hosts national shred day with free events nationwide
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H&R Block DIY clients asking about tax refunds, extenders, child tax credit
H&R Block, Inc. provides 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 U.S., Canada, Australia, and their respective territories. The company was founded by Henry W. Bloch and Richard L. Bloch on January 25, 1955 and is headquartered in Kansas City, MO. (See Full Profile)
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