This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sorry Donald Trump, Business Looks Bright at Tax Prep Firm H&R Block

9/03/15 2:35 PM EDT
Business just got better at tax preparation company H&R Block (HRB), which might be a disappointment for presidential hopeful Donald Trump. A few weeks ago, Trump declared that he dreamed of putting H&R Block out of business by simplifying the tax code. H&R Block however, is moving forward with a new capital structure plan, a big share buyback for its stockholders, and improved financial results. H&R Block shares got a big midweek boost on word of a $3.5-billion share buyback plan. The company announced the buyback following the divestiture of its banking business, H&R Block, to BofI Federal Bank. ‘What happened was, frankly, the Dodd-Frank regulations drove a lot of extra regulation. And our capital was essentially trapped,’ explained Bill Cobb, H&R Block’s president and CEO. Now, that freed up capital will be returned to stockholders through the buyback authorization that runs through June 2019. H&R Block also reported fiscal 2016 first-quarter results that included a 3% increase in the top line, due to higher product revenues. But that was partially offset by the strong dollar. ‘International for us is a relatively small percentage of our revenue, it’s less than 10%, so the currency impact isn’t as strong as it is on a number of other companies, however we have to watch that,’ said Cobb. H&R Block’s international operations are primarily in Canada and Australia.
Stocks in this video: HRB
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Real Money Pro

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Trifecta Stocks

Trifecta Stocks analyzes over 4,000 equities weekly to find the elite 1% of stocks that pass rigorous quantitative, fundamental and technical tests.

Product Features:
  • Model portfolio
  • Trade alerts
  • Recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Growth Seeker

Bryan Ashenberg, using sophisticated stock screening and fundamental research, identifies potentially explosive small and mid-cap stocks.

Product Features:
  • Model portfolio
  • Small-cap and mid-cap focus
  • Intraday trade alerts
  • Weekly roundups
Options Profits

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Top Rated Stocks Top Rated Funds Top Rated ETFs