In conjunction with its 2012 Investor Day, JTH Holding, Inc. (NASDAQ:TAX), the parent company of Liberty Tax Service, is introducing its initial fiscal year 2013 earnings outlook. The Company expects net income to be in the range of $20.0 million - $21.5 million, an increase of 15-23% over the prior year. These estimates include the following full-year assumptions, among others:
- Total office growth of 11-13%;
- Total revenues in the range of $131 million - $136 million; and
- Effective tax rate of 38.6%.
About JTH Holding, Inc.JTH Holding, Inc. is the parent company of Liberty Tax Service. Liberty Tax Service is the fastest-growing retail tax preparation company in the industry’s history. Founded in 1997 by CEO John T. Hewitt, a pioneer in the tax industry, Liberty Tax Service has prepared over 10 million individual income tax returns. With 43 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation industry, having also founded Jackson Hewitt Tax Service. Liberty Tax Service is the only tax franchise on the Forbes “Top 20 Franchises for the Buck.”