H&R Block (HRB) Q4 Earnings Report Preview

H&R Block (NYSE:HRB) has been around for more than six decades. The tax-preparation company, founded by brothers Henry and Richard Bloch, primarily operates in the United States, Canada, and Australia. It is best known for providing consumer tax software and electronic filing through its website. Moreover, it also offers payroll services and business consultation to clients.

The company recently announced mixed financial results for the fourth quarter. H&R reported adjusted earnings of $5.16 per share for the three months ended April 30, ahead of the consensus forecast of $5.13 per share. Revenue for the quarter came in at $2.33 billion, up from $1.81 billion in the year-ago quarter. Analysts, on average, were looking for revenue of $2.35 billion.

Speaking on the results, CEO Jeff Jones said in a statement, “I am proud of the outstanding growth across our business. Our team provided help and inspired financial confidence for millions of consumers and small business owners this year. We made tremendous progress in our first year of Block Horizons, blending technology and digital tools with human expertise in tax, improving our offerings in small business, driving significant growth in Wave, and making progress on our new mobile banking platform.”

H&R also raised its quarterly dividend by 4 percent, marking the fifth dividend increase in nearly six years. Meanwhile, the company repurchased 11.6 million shares of its common stock for $188 million during the 12 months ended April 30. It still has to repurchase $564 million worth of its shares under its previously announced stock buyback plan.

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