H&R Block (HRB) Announces New Capital Structure, Approves $3.5B Common Stock Buyback

H&R Block (HRB) Announces Commencement of $1.5B Common Stock 'Modified Dutch Auction' Tender

H&R Block (NYSE: HRB) announced that it is commencing its previously announced "modified Dutch auction" tender offer for up to $1,500,000,000 of its common stock at a price per share not less than $32.25 and not greater than $37.00. The tender offer will expire at 5:00 P.M., New York City time, on Friday, October 2, 2015, unless extended by the company. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case, in accordance... More

Wedbush Raises Price Target on H&R Block (HRB) Following Completion of Bank Disposition

Wedbush reiterated an Outperform rating on H&R Block (NYSE: HRB), and raised the price target to $46.00 (from $44.00), following the completion of Bank Disposition. In addition to the bank sale, company announced a modified Dutch auction tender offer commencing on 9/2 for $1.5 billion of stock with a new long-term buyback authorization of $3.5... More

H&R Block (HRB) PT Bumped to $44 at Piper Jaffray on Early Bank Deal Closing and Buyback

Piper Jaffray analyst George Tong reiterated an Overweight rating and bumped his price target on H&R Block (NYSE: HRB) to $44.00 (from $43.00) as the bank divestiture closes ahead of schedule and the company announced a new $3.5 billion stock buyback plan.

Tong... More

H&R Block (HRB) Tops Q1 EPS by 5c

H&R Block (NYSE: HRB) reported Q1 EPS of ($0.35), $0.05 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $138 million versus the consensus estimate of $136 million.

"We are pleased that we have successfully closed the bank transaction and are... More