BrightView buys West Bay Landscape, terms not stated » 16:0106/1606/16/21
BrightView Holdings announced the acquisition of West Bay Landscape, a landscape maintenance firm in Bradenton, Fla. Terms of the transaction were not disclosed.
Fly Intel: After-Hours Movers » 18:2406/1506/15/21
FORD, CATB, ATRA, DTEA, ORCL, LZB, HRB, APRN, RBLX, NMG
Check out this evening's…
H&R Block changes fiscal year-end to June 30 from April 30 » 16:1706/1506/15/21
H&R Block announced a…
H&R Block announced a change to its fiscal year-end from April 30 to June 30, effective immediately. The change allows for better alignment of complete tax seasons in comparable fiscal periods and other related benefits. The Company plans to file a transition report on form 10-QT for the transition period of May 1, 2021, through June 30, 2021, later this summer. The Company's fiscal 2022 will begin on July 1, 2021, and end on June 30, 2022.
H&R Block raises quarterly dividend 4% to 27c per share » 16:1706/1506/15/21
H&R Block announced…
H&R Block announced that its Board of Directors increased the quarterly dividend by 4%, representing the fifth increase in the dividend in six years and a 35% total increase over that time frame. The quarterly cash dividend is now $0.27 per share, payable on July 1, 2021 to shareholders of record as of June 25, 2021. The Company has paid consecutive quarterly dividends since it became publicly traded in 1962. Future actions regarding dividends will be dependent upon the Board's approval following consideration of operating results, market conditions, and capital needs, among other factors. In fiscal 2021, the company repurchased 11.6 million shares for $188 million, at an average price of $16.29. Share repurchases made in the fourth quarter of fiscal 2021 totaled $38 million. Approximately $564 million remains under the company's current share repurchase authorization, which expires in June of 2022.
H&R Block reports Q4 adjusted EPS $5.16, consensus $5.13 » 16:1606/1506/15/21
Reports Q4 revenue…
Reports Q4 revenue $2.33B, consensus $2.35B. "I am proud of the outstanding growth across our business," said Jeff Jones, H&R Block's president and chief executive officer. "Our team provided help and inspired financial confidence for millions of consumers and small business owners this year. We made tremendous progress in our first year of Block Horizons, blending technology and digital tools with human expertise in tax, improving our offerings in small business, driving significant growth in Wave, and making progress on our new mobile banking platform."
BrightView acquires Baytree Landscape Contractors, terms not stated » 16:0206/1506/15/21
BrightView Holding "announced the acquisition of Baytree Landscape Contractors, a full-service landscape firm based in Atlanta, Ga. Terms of the transaction were not disclosed. Baytree operates from six primary locations: Atlanta, Ga., Johns Island, S.C., Charleston, S.C., Myrtle Beach, S.C., Charlotte, N.C., and Nashville, Tenn. At peak, Baytree employs more than 370 team members."
H&R Block options imply 8.3% move in share price post-earnings » 15:0406/1506/15/21
Pre-earnings options volume in H&R Block is 2.4x normal with calls leading puts 5:2. Implied volatility suggests the market is anticipating a move near 8.3%, or $2.10, after results are released. Median move over the past eight quarters is 4.6%.
Notable companies reporting after market close » 13:1206/1506/15/21
Notable companies reporting after the market close, with earnings consensus, include Oracle (ORCL), consensus $1.31... H&R Block (HRB), consensus $5.13.
Aramark announces exclusive partnership with Talon » 08:0806/1506/15/21
Aramark has secured an…
Aramark has secured an exclusive partnership with Talon, the maker of Adjustec waistband technology. The Adjustec technology is featured in Aramark's Authentic collection of shorts and pants to create greater comfort for wearers. This partnership marks the first time that this garment technology will be offered outside of a retail setting in uniform rental garments across a variety of industrial workspaces. Bringing innovative new technologies to market in the uniform rental space is one of the ways we are striving to improve the daily work life of our consumers," said Art Wake, President of Aramark Uniform Services. "Every advancement we champion has the end goal of improving quality for our clients. Talon's patented waistband technology will make our rental clothing the premium choice for fit and satisfaction." Adjustec improves customer satisfaction due to fewer sizing changes and greater fit accuracy. The waistbands are designed to adjust and recover, providing the same fit and comfort from the start of the day to the end.
Fly Intel: Top five analyst initiations » 09:5406/1106/11/21
VXRT, NDAQ, NTLA, GPOR, TENB
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Vaxart (VXRT) initiated with an Overweight at Piper Sandler. 2. Nasdaq (NDAQ) initiated with an Overweight at Morgan Stanley. 3. Intellia Therapeutics (NTLA) initiated with a Buy at H.C. Wainwright. 4. Gulfport Energy (GPOR) initiated with a Buy at Truist. 5. Tenable Holdings (TENB) initiated with a Buy at Needham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.