Before the opening bell on Wednesday morning, H&R Block (HRB) reported its fourth quarter earnings, posting higher revenues and adjusted earnings than for last year’s Q4.
HRB’s Earnings in BriefH&R Block reported fourth quarter revenues of $2.56 billion, up from last year’s Q4 revenues of $2.2 billion. Net income for the quarter came in at $910 million, or $3.29 per share, which is a significant improvement over last year’s Q4 figures of $664.3 million, or $2.42 per share. The company's Q4 results beat analysts’ expectations of $3.23 EPS on revenues of $2.49 billion. For the full year, HRB reported revenue of $3.024 billion and adjusted EPS of $1.67.
HRB president and CEO Bill Cobb had the following comments: “We delivered a strong year of both revenue and earnings growth and lived up to our long-standing tradition of being the world’s leading tax services provider. Though we anticipated an overall decline in return counts, our Tax Plus strategy is working, and we will continue to focus on enhancing the client experience and delivering best-in-class products and services to drive profitable growth. Our improving client satisfaction scores are a testament to the value we bring to our clients, positioning us well for 2015 and beyond.”
H&R Block most recently declared a 20 cent quarterly dividend on May 8, with a payout date of July 1. The stock goes ex-dividend on June 12.
HRB stock was up $1.17, or 3.81%, in pre-market trading this morning. YTD, the company’s stock is up 4.59%HRB Dividend Snapshot
As of Market Close on June 10, 2014
Click here to see the complete history of HRB dividends.