H&R Block Stock Rises On Q4 Earnings Beat, Raises Dividend

H&R Block, Inc. HRB shares are trading higher after the company reported better-than-expected fourth-quarter results and raised its quarterly dividend. Here's a summary of the details.

What To Know: H&R Block reported quarterly earnings of $2.05 per share, which beat the analyst consensus estimate of $1.89, a 43.36% increase over earnings of $1.43 per share from last year. 

The company reported quarterly sales of $1.03 billion, which beat the analyst consensus estimate of $1.01 billion, a 1.71% decrease over sales of $1.05 billion in the same period last year.

The company anticipates full-year 2024 revenue in a range between $3.35 billion and $3.585 billion versus the $3.56 billion estimate.

"We had a good finish to the year and I am pleased that we were able to grow revenue, deliver material EBITDA growth, and adjusted EPS that grew 9% despite the many headwinds we faced," said Jeff Jones, president and CEO.

"Our DIY strategy delivered, we demonstrated pricing power in the Assisted channel and saw positive customer satisfaction metrics, Small Business continued to be a growth driver, and we are executing on our Block Horizons strategy. We feel well positioned and look forward to FY24."

The company also announced a 10% increase in its quarterly dividend to 32 cents per share, from 29 cents per share prior.

Related Link: What's Going On With Target Stock Today?

HRB Price Action: Shares of HRB were up 6.08% at $37.50 at the time of publication, according to Benzinga Pro.