According to Zacks, “Liberty Tax, Inc. provides tax preparation services. Its principal operations are conducted through its subsidiary, JTH Tax, Inc. The company engages through its subsidiaries as a franchisor and operator of a system of income tax preparation. It facilitates its customer refund-based tax settlement financial products, such as refund anticipation loans, electronic refund checks, and personal income tax refund discounting. The company also offers online tax preparation services and finance to franchisees for the purchase of franchises, clusters of territories, company?owned stores and for working capital and equipment needs. Liberty Tax Inc., formerly known as JTH Holding, Inc., is headquartered in Virginia Beach, Virginia. “
Liberty Tax (NASDAQ:TAX) opened at 12.79 on Tuesday. The stock has a 50 day moving average of $13.24 and a 200-day moving average of $13.90. Liberty Tax has a 52 week low of $9.95 and a 52 week high of $24.22. The stock has a market cap of $177.70 million, a P/E ratio of 9.59 and a beta of 0.68.
Liberty Tax (NASDAQ:TAX) last issued its quarterly earnings data on Friday, September 2nd. The company reported ($0.66) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.02. Liberty Tax had a net margin of 9.16% and a return on equity of 18.09%. The business earned $7.10 million during the quarter, compared to analysts’ expectations of $7.25 million. During the same period in the previous year, the company earned ($0.65) earnings per share. Liberty Tax’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts forecast that Liberty Tax will post $1.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Investors of record on Friday, October 14th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Wednesday, October 12th. Liberty Tax’s payout ratio is currently 52.89%.
In other Liberty Tax news, Director Robert M. Howard acquired 10,000 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was bought at an average price of $12.66 per share, for a total transaction of $126,600.00. Following the purchase, the director now owns 60,000 shares in the company, valued at approximately $759,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen M. Mcdowell sold 2,000 shares of the stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $14.01, for a total transaction of $28,020.00. Following the completion of the transaction, the director now owns 46,641 shares of the company’s stock, valued at approximately $653,440.41. The disclosure for this sale can be found here. Corporate insiders own 46.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in TAX. BlackRock Institutional Trust Company N.A. boosted its position in shares of Liberty Tax by 6.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 59,488 shares of the company’s stock worth $792,000 after buying an additional 3,715 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Liberty Tax by 16.0% in the second quarter. BlackRock Fund Advisors now owns 179,731 shares of the company’s stock worth $2,394,000 after buying an additional 24,762 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Liberty Tax by 27.9% in the second quarter. BlackRock Investment Management LLC now owns 25,140 shares of the company’s stock worth $335,000 after buying an additional 5,486 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Liberty Tax by 2.2% in the second quarter. Vanguard Group Inc. now owns 198,249 shares of the company’s stock worth $2,640,000 after buying an additional 4,328 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Liberty Tax by 3.6% in the second quarter. Royce & Associates LP now owns 725,128 shares of the company’s stock worth $9,659,000 after buying an additional 25,000 shares in the last quarter. Institutional investors own 40.52% of the company’s stock.
Liberty Tax Company Profile
Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.
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