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H&R Block Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance, $1.5B Buyback, Stock Up 9%
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H&R Block Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance, $1.5B Buyback, Stock Up 9%
Aug 15, 2024 2:46 PM

H&R Block Inc ( HRB ) reported financial results for its fiscal fourth quarter after the market close on Thursday. Here’s a look at the key metrics in the report.

Q4 Revenue: $1.063 billion, versus estimates of $1.028 billion

Q4 EPS: $1.89, versus estimates of $1.74

“In fiscal 2024 we made strides across our different products and services that provide value to our clients and help enable their financial confidence,” said Jeff Jones, president and CEO of H&R Block ( HRB ).

“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.”

H&R Block ( HRB ) said full-year revenue growth of 4% was driven by higher net average charge and company-owned volumes in the Assisted category combined with greater online paid returns at a higher net average charge.

The company’s board authorized a new share repurchase program of $1.5 billion. During 2024, H&R Block ( HRB ) repurchased approximately eight million shares for $350 million.

H&R Block’s board also increased its quarterly dividend by 17%, representing the seventh increase in the past seven years. The new quarterly dividend of $0.375 per share is payable on Oct. 3 to shareholders of record as of Sept. 5.

Check This Out: Applied Materials Q3 Earnings: Revenue Beat, EPS Beat, Demand Being Driven By ‘Race For AI Leadership’ And More

FY25 Outlook: H&R Block ( HRB ) expects full-year 2025 revenue to be in the range of $3.69 billion to $3.75 billion versus estimates of $3.575 billion, per Benzinga Pro. The company sees full-year adjusted earnings in the range of $5.15 to $5.35 per share versus estimates of $4.30 per share.

HRB Price Action: H&R Block ( HRB ) shares were up 9.24% in after-hours, trading at $62.66 at the time of writing, according to Benzinga Pro.

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