H & R Block Inc (NYSE:HRB) a Buy: BTIG

In a research note issued to investors, span class=”tipranks-expert-name”> Mark Palmer at BTIG Reiterated their Buy rating on H & R Block Inc (NYSEHRB). The analyst placed a $36.00 price target on the stock which indicates a 17.38% upside to the last closing price. In the year following Palmer’s ratings, the stocks covered yield an average return of 2.6% according to TipRanks.com. In the past year 84 out of 135 recommendations or 62% were successful.

There are 5 research firms in total that have issued ratings on H&R Block, Inc. (NYSE:HRB) within the past year. The consensus, or mean target price of the Wall Street analysts covering the firm is $36.8. The most recent revision to the consensus target was on 2015-06-10. Analysts are predicting that H&R Block, Inc. (NYSE:HRB) will report $-0.41 earnings per share when they next issue their quarterly earnings release on or around 2015-09-02.

The consensus mean estimate is the calculated mean of all brokerage sell-side analysts that issue earnings estimates for the company. In the most recent quarter the company reported earnings of $N/A that ended on 2015-04-30. H&R Block, Inc. (NYSE:HRB) has a 1.42 consensus analyst rating on the stock based on an arithmetical average of the 5 ratings given by the brokerage analysts covering the company. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. The highest estimate of the 5 covering analysts sees the stock climbing to $38 within the next year while the lowest estimate places the 12-month target price at $35.

Looking ahead to full year estimates, analysts have placed the consensus earnings per share estimate for the current year at $2.01. The most bullish analyst sees the company reporting earnings per share of $2.29 while the most bearish analyst is predicting a current year EPS number of $1.84. Looking further ahead to the next three to five years, the long term EPS growth rate on a consensus basis is 11.67%, based on the 3 analysts providing longer term projections in their models.