NYSE:HRBConsumer Services
H&R Block (HRB) Stock Draws Cautious Cheers After Cash Rich Year
The market is giving H&R Block a polite golf clap, not a standing ovation. The stock is up just over 1% after earnings, even though this tax season delivered US$5.31 in adjusted earnings per share and free cash flow of US$756 million on US$3.95b of revenue. That is a powerful cash engine for a company often treated as a sleepy tax preparer.
Coming into the print, H&R Block had already climbed over the past month, so expectations were not low. The focus now is on whether this level of...