HRB Stock Summary and Trading Ideas (H&R Block | NYSE:HRB)

H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.

H&R Block trades on the NYSE stock market under the symbol HRB.

As of April 19, 2024, HRB stock price climbed to $46.84 with 547,369 million shares trading.

HRB has a beta of 0.31, meaning it tends to be less sensitive to market movements. HRB has a correlation of 0.02 to the broad based SPY ETF.

HRB has a market cap of $6.54 billion. This is considered a Mid Cap stock.

Last quarter H&R Block reported $179 million in Revenue and -$1.27 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.29.

In the last 3 years, HRB stock traded as high as $52.90 and as low as $21.08.

The top ETF exchange traded funds that HRB belongs to (by Net Assets): VTI, IJH, VB, SCHD, DVY.

HRB has outperformed the market in the last year with a price return of +41.7% while the SPY ETF gained +21.2%. However, in the short term, HRB had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.4% vs +4.3% return in SPY. But in the last 2 weeks, HRB shares have fared better than the market returning +0.7% compared to SPY -3.5%.

HRB support price is $45.92 and resistance is $47.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HRB stock will trade within this expected range on the day.