Tax prep specialist H&R Block, Inc. (HRB) late Tuesday said its fiscal fourth quarter earnings fell 11% from last year, falling short of Wall Street estimates.
The Kansas City-based company reported fiscal fourth quarter net income of $586.10 million, or $1.99 per share, compared with $658.56 million, or $2.14 per share, in the year-ago period.
Revenue edged slightly lower from last year to $2 billion.
On average, Wall Street analysts expected a larger profit of $2.05 per share, on slightly higher revenue of $2.01 billion.
H&R Block shares were inactive in aftermarket trading Tuesday.
The Bottom Line
Shares of H&R Block (HRB) have a 5.30% dividend yield, based on today’s closing stock price of $15.09. The stock has technical support in the $13-$14 price area. If the shares can firm up, we see overhead resistance around the $16.50-$17.00 price levels.
H&R Block, Inc. (HRB) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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