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Sell-Side Lukewarm On H&R Block Early In Turnaround
Wednesday, June 12, 2019 - 4:28pm | 450Tax preparer H&R Block Inc. (NYSE: HRB) reported earnings and revenue beats Tuesday, but sell-side analysts remained cautious, saying it’s early in the company’s turnaround process as it deals with a shift toward do-it-yourself filing. HRB beat fourth-quarter expectations —...
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2U Finds Some Street Support Despite 25% Sell-Off
Wednesday, May 8, 2019 - 2:39pm | 663Education technology company 2U Inc (NASDAQ: TWOU) reported a first-quarter earnings and sales beat Tuesday alongside a 2019 outlook that contributed to a sell off in the stock. Two Street analysts stuck with bullish stances on the stock, while a third issued a downgrade. The...
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H&R Block Shares Stumble After 'Tough To Read' Q1 Report
Wednesday, August 30, 2017 - 1:28pm | 365H & R Block Inc (NYSE: HRB) reported fiscal first-quarter results Tuesday, showing a 10 percent increase in revenues to $138 million and a wider loss of 62 cents per share. The results, however, were ahead of expectations. The company indicated it typically reports a loss in the first quarter...
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BMO 'Learned Some New Things' From Pershing Deep Dive Into ADP
Friday, August 18, 2017 - 10:22am | 419Automatic Data Processing (NASDAQ: ADP) management and investors weren’t particularly impressed by Bill Ackman’s presentation on how to improve its business on Thursday. However, BMO Capital Markets analyst Jeffrey Silber believes a handful of Ackman’s suggestions may at least be...
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Here's What Likely Drew Bill Ackman To Invest In ADP
Tuesday, August 8, 2017 - 11:43am | 508Bill Ackman has been criticized as “foolish, inappropriate [and] irresponsible” for his 8-percent stake in and board nominations for Automatic Data Processing (NASDAQ: ADP). Some doubt Pershing Square Capital Management’s capacity to achieve its expressed goals of “...
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Analyst Prefers To Let The Dust Settle From H&R Block's Q4 Beat
Wednesday, June 14, 2017 - 4:15pm | 346After a big fourth-quarter earnings beat on Tuesday, H & R Block Inc (NYSE: HRB) shares spiked over 9 percent. The surprise beat, driven by savings on the cost side, revenues and lower-than-expected tax rate helped the tax service provider deliver earnings that came in well ahead of...
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H&R Block Q1 Report Leaves Investors With Few Questions Answered
Wednesday, August 31, 2016 - 2:10pm | 362Shares of H & R Block Inc (NYSE: HRB) were trading lower by more than 10 percent after the company reported a worse-than-expected first-quarter earnings print after Tuesday's market close. Related Link: H&R Block Disappoints, Shares Slide 6% Jeffrey Silber of BMO Capital Markets commented...
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BMO Raises Price Target On Markit Following Investor Meetings
Friday, August 26, 2016 - 3:11pm | 338BMO reiterated its Outperform rating and raised its price target by $2 to $43 on Markit Ltd (NASDAQ: INFO) after the management meetings suggested that the company could achieve its merger synergies earlier than expected. "While management reiterated its prior targets of $125 million in annualized...
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BMO Says Houghton Mifflin Not Likely To See Catalysts Anytime Soon
Friday, August 5, 2016 - 1:42pm | 376BMO has downgraded Houghton Mifflin Harcourt Co (NASDAQ: HMHC) to Market Perform from Outperform following its disappointing second-quarter results and reduced 2016 guidance for billings and net sales. "While we acknowledge this downgrade is (at least) a day late, we see no near-term catalyst to...
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BMO Downgrades Robert Half, Although It Says It Is 'Loathe' To Do So
Wednesday, July 27, 2016 - 3:21pm | 368BMO has downgraded Robert Half International Inc. (NYSE: RHI) to Market Perform from Outperform after the provider of staffing and risk consulting services reported lower-than-expected second-quarter results and tepid third-quarter forecast. Earnings And Outlook The company reported EPS of $0.71,...
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Analysts At BMO Capital Give Investors Their Picks In 4 Sectors
Tuesday, June 21, 2016 - 3:21pm | 572Analysts at BMO Capital Markets revealed their top picks in the four sectors — information services, payroll processing, tax preparers and staffing — ahead of the second-quarter earnings season. Info Services BMO said IHS Inc. (NYSE: IHS) earnings could be better-than-expected, as "the...