Block (H.&R.), Inc. Stock Price, News & Analysis

H&R Block (NYSE: HRB) launched the IT Accelerate program to enhance tech talent development, hiring over 50 new engineers in 2022. This 12-month initiative focuses on attracting diverse backgrounds, with over half of participants representing gender or ethnically diverse groups—more than double the national average in the tech field. The program aims to provide immersive onboarding and support for early-career professionals transitioning into tech roles, furthering the company's commitment to innovation and superior digital services.

H&R Block (NYSE: HRB) announced on May 11, 2022, that CEO Jeff Jones has joined the Council for Inclusive Capitalism, aiming to foster a more inclusive and sustainable economy. The Council focuses on measurable actions to promote equality and fairness. H&R Block's commitments include launching the Spruce mobile banking platform, providing 1 million volunteer hours by 2025, and supporting small business owners. This engagement aligns with H&R Block's strategy to enhance financial health and reduce environmental impact.

H&R Block released its fiscal 2022 third quarter results, reporting revenues of $2.1 billion, a 4% increase from the previous year. The company raised its fiscal year guidance, expecting revenue between $3.375 billion and $3.425 billion and EBITDA between $850 million and $875 million. Share repurchases totaled $226 million in the quarter, with a total of $550 million for the fiscal year, retiring 13% of shares outstanding. Adjusted EPS remained flat at $4.11. A cash dividend of $0.27 per share will be paid on July 1, 2022.

KANSAS CITY, Mo., May 5, 2022 (GLOBE NEWSWIRE) -- H&R Block (NYSE: HRB) announced that its management will host virtual investor meetings during the Barrington Research Virtual Spring Investment Conference on May 19, 2022. Interested parties can request a meeting through their Barrington Research salesperson.

H&R Block offers tax preparation services, financial products, and small-business solutions. The company's innovative offerings include Spruce, a mobile banking app, and Wave Money, a banking and bookkeeping solution for small businesses.

H&R Block, Inc. (HRB) announced a quarterly cash dividend of $0.27 per share, payable on July 1, 2022, to shareholders of record as of June 8, 2022. The company has maintained a consistent dividend payment since going public in 1962 and has increased its dividend by over 35% since 2016. In total, H&R Block has returned more than $2.6 billion to shareholders through dividends and share repurchases.

Survey Findings: A recent survey by Block Advisors, part of H&R Block (NYSE: HRB), highlights that 67% of small business owners feel proud of their resiliency despite facing significant challenges such as the pandemic, inflation, and supply chain disruptions. More than 63% reported a negative impact from the pandemic, yet they have acquired critical skills to manage their businesses better. Notably, 69% plan to seek more tax help this year, with newer businesses showing a strong inclination towards outsourcing tasks like bookkeeping and payroll.

H&R Block (NYSE: HRB) released findings from its biannual Small Business Resilience Series Study, highlighting challenges faced by minority-owned small businesses. The survey of 1,100 Block Advisors customers revealed that 57% of minority-owned businesses experienced revenue declines since the pandemic began. Additionally, 58% of minority owners have acquired new skills to thrive, yet they report greater obstacles compared to their white counterparts. The company aims to provide resources and support to enhance these businesses' resilience and success.

H&R Block (NYSE: HRB) is set to announce its fiscal 2022 third quarter results on May 10, 2022, after market close. Investors can access the press release on the company’s investor relations website. A conference call will be held at 4:30 PM ET that day, discussing the quarterly results and future outlook. Analysts and investors can join the call via U.S./Canada lines and an international line provided in the announcement. A replay will be available for seven days post-call, and the webcast will remain accessible for 90 days.

H&R Block (NYSE: HRB) announced the appointment of Jill Cress as Chief Marketing and Experience Officer, effective May 2, 2022. Cress will lead the company's marketing efforts and join the Senior Leadership Team, reporting directly to CEO Jeff Jones. With extensive experience in strategic marketing, including leadership roles at PayPal and National Geographic, her focus will be on driving growth and brand relevance. Cress's appointment is expected to enhance H&R Block's transformation and market position.