Key Takeaways
- H&R Block shares are soaring Friday, a day after the tax-prep firm reported better-than-forecast fourth-quarter results.
- The company also said it would issue a quarterly dividend of 37.5 cents a share, a 17% increase, and a new share-buyback program of $1.5 billion.
- H&R Block also issued guidance calling for higher revenue and adjusted EPS in fiscal 2025.
H&R Block (HRB) shares are soaring Friday, a day after the tax-prep firm reported higher-than-forecast fourth-quarter re🎶sults.
H&R Block said revenue for the three months to June 30 edged higher to $1.06 billion from $1.03 billion a year ago, while net profit fell to $257.8 million from $302.3 million. Both beat consensus analysts' estimates compiled by Visible Alpha.
After registering adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $4.14 on revenue of $3.61 billion in ℱthe 2024 fiscal year, the company sees fiscal 2025 adjusted EPS of $5.15 to $5.3𓄧5 on revenue between $3.69 billion and $3.75 billion.
The company also said it would issue a quarterly dividend of 37.5 cents a 🍒share, a 17% increase, and a new share-buꩲyback program of $1.5 billion.
CEO Touts 'Client Success,' Sees Momentum Building
"We continue to make progress, gain new insight, and translate this client success into value for shareholders, and are well positioned to build on this momentum in fiscal 2025 and beyond," 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Jeff Jones said.
H&R Block shares soared 18% soon after the opening bell Friday to $67.86. They are up almost 40% this year.