Free Research Report as H&R Block's Revenues Rose 3%; Consolidated EPS Surged 45%

LONDON, UK / ACCESSWIRE / July 10, 2018 / If you want access to our free earnings report on H&R Block, Inc. (NYSE: HRB), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HRB. The Company reported its fourth quarter fiscal 2018 and full fiscal year 2018 operating and financial results on June 12, 2018. The tax-preparation Company outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, H&R Block most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=HRB

Earnings Highlights and Summary

For the three months ended April 30, 2018, H&R Block's total revenues came in at $2.39 billion compared to $2.33 billion in Q4 FY17. The Company's revenue numbers beat analysts' estimates of $2.33 billion.

For the full fiscal year 2018, H&R Block’s total revenues increased 4.1% to approximately $3.16 billion compared to $3.04 billion in FY17, driven by increased US Assisted tax preparation fees resulting from a favorable net average charge and mix, and increased US DIY tax preparation fees resulting from a growth in return volumes and net average charge, which was attributed to a favorable product mix.

H&R Block's effective tax rate decreased to 6.3% in FY18 from 33.1% in FY17. A significant portion of the items generating the rate reduction was related to the federal corporate tax legislation enacted in December 2017, which became effective during FY18.

For Q4 FY18, H&R Block reported a net income of $1.14 billion, or $5.42 per diluted share, compared to $783.4 million, or $3.75 per diluted share, in Q4 FY17. The Company's earnings numbers surpassed Wall Street's estimates of $5.23 per share.

For FY18, H&R Block’s net income from continuing operations totaled $626.9 million, or $2.91 per diluted share, compared to $420.9 million, or $1.91 per diluted share, in FY18, with the increase primarily due to changes to the Company's effective tax rate, as well as the improvement in pre-tax income.

Operating Results

For FY18, approximately 20.0 million returns were prepared by, or through, H&R Block in the US, reflecting an increase of 2.5% over FY17. Client trajectory improved in the Company's US Assisted business as a result of stronger client retention, with a 0.6% decline in returns compared to a 2.5% drop in the year ago same period.

The growth in H&R Block's online US DIY returns outpaced the industry by 10.3%, due to product enhancements and more effective marketing. Additionally, the Company reported increases in net average charge in both Assisted and DIY. H&R Block reported an increase in new clients of 11%, which reflected an increase of nearly 200 basis points in online conversion and an increase of over 20% in the use of mobile.

Cash Matters

H&R Block’s solid financial performance in FY18, along with the help from the changing corporate tax rates, resulted in a strong free cash flow of $751 million, which represented an increase of 62% compared to the free cash flow of $463 million in FY17.

As of April 30, 2018, H&R Block's cash and cash equivalents totaled $1.54 billion compared to $1.01 billion as of April 30, 2017.

Stock Performance Snapshot

July 09, 2018 - At Monday's closing bell, H&R Block's stock marginally climbed 0.72%, ending the trading session at $23.68.

Volume traded for the day: 2.31 million shares.

After yesterday's close, H&R Block's market cap was at $4.93 billion.

Price to Earnings (P/E) ratio was at 8.33.

The stock has a dividend yield of 4.22%.

The stock is part of the Services sector, categorized under the Personal Services industry. This sector was up 1.1% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA^® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors