Momentum Stock Watch: H&R Block, Inc. (HRB)
-- Sunday, March 10, 2019, 12:16 --
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Company Profile: |
| H&R Block, Inc., through its subsidiaries, 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, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail; and provides DIY tax services, including preparation of federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing. In addition, the company develops and offers applications for mobile devices, which offer tax return preparation solutions and related services and products. Further, it provides refund transfers, H&R Block Emerald Advance lines of credit, H&R Block Emerald Prepaid MasterCard, Peace of Mind Extended Service Plan, Tax Identity Shield, and refund advance loans; POM, an Instant Cash Back refund option; and H&R Block Pay with Refund option. H&R Block, Inc. was founded in 1946 and is headquartered in Kansas City, Missouri. |
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Recent News: |
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On March 07, 2019, the company released its U.S. tax return volume through February 28, 2019 and financial results for the fiscal 2019 third quarter ended January 31, 2019. Revenues for the fiscal third quarter ended January 31, 2019 decreased $20 million, or 4 percent, to $468 million primarily due to a delay in overall industry filings. On March 06, 2019, the company announced that its Board of Directors declared a quarterly cash dividend of 25 cents per share, payable April 1, 2019, to shareholders of record as of March 18, 2019. |
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Fundamental Analysis: |
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Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency. |
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Growth – Measures the growth of both the company’s income statement and cash flow. @@@@@ |
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Profitability – Measures the historical price movement of the stock. @@@@@ |
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Solvency – Measures the solvency of the company based on several ratios. @@@@@ |
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Efficiency – Measures the strength and historic growth of a company’s return on invested capital. @@@@@ |
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Conclusion: |
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HRB’s strengths can be seen in its strong profitability and better efficiency compared with its peers. Its net income has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator and the MACD. The RSI stands at 56.73 with positive bias. We rate H&R Block, Inc. (HRB) a STRONG BUY. |
