logo
Plus   Neg
Share
Email

Stock To Watch- H & R Block

Shares of tax preparation services company H & R Block Inc. (HRB) rose 2.51% on Wednesday before closing at $24.54. The stock has been trading in a range of $22.79- $29.62 in the past one year. The trading volume saw an increase yesterday at $5,172 K compared with the average volume of 3,315 K.

Last week H & R announced that the company is making the year 2020 to "Switch to Block" by offering more options for people to file their taxes. The company's online tax filing platform "Tax Pro Go", launched in 2017 allows people to have their taxes done by a real tax pro without visiting an office.

In December last year, H & R Block had reported revenue growth of 8% in the second quarter to $161 million. Adjusted loss per share, however, widened to $0.85 in the quarter from $0.78 in the corresponding year-ago period.

The company had bought back 7.3 million shares during the first six months of fiscal 2019 for $181.0 million, or $24.75 per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Moderna said Tuesday that it has reached an agreement with the U.S. to initially supply 100 million doses of its experimental vaccine for COVID-19, mRNA-1273. The U.S. government has awarded up to $1.525 billion for the vaccine. Las Vegas, Nevada-based Mr. Wok Foods has recalled about 200,000 pounds of meat and poultry products for misbranding and undeclared allergens, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The recalled products may contain known allergens such as milk, wheat, soy, peanuts, or oysters. They may also contain MSG, sesame products, or sulfites. The U.S. Food and Drug Administration approved the first oral drug to treat patients two months of age and older with spinal muscular atrophy (SMA) that can be taken at home. Roche subsidiary Genentech's Evrysdi (risdiplam) is also the second FDA-approved drug to treat this rare and often fatal genetic disease affecting muscle strength and movement.
RELATED NEWS
Follow RTT