H and R Block (HRB) NewsBite - HRB Jumps on Earnings
Posted: Friday, March 06, 2009 10:30 AM EDT
By: Market Intelligence Center Staff
H and R Block (NYSE: HRB) opened at $18.91. So far today, the stock has hit a low of $18.26 and a high of $19.34. HRB is now trading at $18.29, up $0.97 (5.60%). Over the last 52 weeks the stock has ranged from a low of $15.00 to a high of $27.97. HRB shares are trading higher this morning after the company reported a third-quarter profit of $47.4 million, or 14 cents per share, on revenue of $993 million. HRB's adjusted profit of 20 cents per share easily beat analysts' estimates of 9 cents per share. Technical indicators for the stock are neutral and S&P gives HRB a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HRB the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
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