Block Gets Top Zacks Rating

H&R Block Inc., Kansas City, Mo., has received a "#1 Strong Buy" rating from Zacks.com largely on the strength of the company's mortgage operations.Thanks to the strong performance of Option One Mortgage Corp. and H&R Block Mortgage Co., fiscal third-quarter earnings at the company beat Wall Street estimates. Block -- whose main business, filling out tax returns, is just hitting stride -- now expects full-year earnings of between $3.10 and $3.25 per share. "It looks like investing in a piece of Block may give investors a good refund," Zacks said.

Processing Content

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More