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.
“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 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 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 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 shares were up 9.24% in after-hours, trading at $62.66 at the time of writing, according to Benzinga Pro.
Photo: Shutterstock.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.