H&R Block (HRB) NewsBite - HRB Earnings Top Estimates

Posted: Tuesday, June 30, 2009 11:52 AM EDT

H and R Block (NYSE: HRB) opened at $16.81. So far today, the stock has hit a low of $16.62 and a high of $17.25. HRB is now trading at $16.94, up $1.27 (8.10%). Over the last 52 weeks the stock has ranged from a low of $13.73 to a high of $27.97. Shares of HRB are rising today after the company reported a fourth-quarter profit of $706.9 million, or $2.09 per share, beating analysts' forecasts of $2.05 per share. Technical indicators for the stock are bearish and S&P gives HRB a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on HRB the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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