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H&R Block Names George Agurkis as Vice President of Government Relations
GlobeNewswire News Room· 2024-12-05 13:21
Core Insights - H&R Block has promoted George Agurkis to Vice President of Government Relations, where he will lead efforts to advance the company's legislative, regulatory, and policy priorities at various government levels [1][2] Company Overview - H&R Block, Inc. is a leading provider of global tax preparation services, financial products, and small business solutions, blending digital innovation with human expertise [5] - The company serves over 20 million clients, helping them achieve better outcomes during tax time and manage their finances through its mobile banking app, Spruce [2][5] Leadership and Experience - George Agurkis has a three-year tenure at H&R Block, where he has made significant contributions, including initiatives for enhanced identity verification standards and real-time data sharing to combat fraud [2] - Prior to H&R Block, Agurkis held roles at the Credit Union National Association and the U.S. House of Representatives Committee on Rules, providing expert counsel on legislation and political dynamics [2][3] Additional Roles - Agurkis also serves as Chairman of the Supervisory Committee for Wright Patman Congressional Federal Credit Union, overseeing the credit union's operations [3]
Block, Inc. (SQ) Presents at UBS Global Technology and AI Conference (Transcript)
Seeking Alpha· 2024-12-03 21:02
Group 1 - Block, Inc. participated in the UBS Global Technology and AI Conference on December 3, 2024, with Owen Jennings as the Business Lead presenting for the first time [1] - The conference included discussions on market trends, conditions, and Block's preliminary expectations for future financial performance [3] - Owen Jennings has experience in the Square Ecosystem and Cash App, indicating a diverse background within the company [4]
H&R Block Stock Rises 27% in a Year: What You Should Know
ZACKS· 2024-12-03 19:01
Group 1 - H&R Block, Inc. (HRB) has seen a stock appreciation of 27% over the past year, outperforming the industry average of 15% [1] - The company's focus on essential services like tax preparation and financial advice ensures its stability during economic downturns, appealing to defensive investors [2] - HRB has reported better-than-expected earnings and revenue in the last four quarters, driven by improvements in net average charge, tax return volume growth, and disciplined cost management [2] Group 2 - Key drivers of H&R Block's post-pandemic performance include digital enablement, client addition and retention, and increased use of AI and machine learning for product improvement [3] - The company has a strong commitment to shareholder returns, distributing dividends of $179.8 million in fiscal 2024, $177.9 million in 2023, and $186.5 million in 2022, along with share buybacks of $350.1 million, $550.2 million, and $563.2 million respectively [4] Group 3 - H&R Block currently holds a Zacks Rank 2 (Buy), indicating positive market sentiment [5] - Other top-ranked stocks include Booz Allen Hamilton (BAH), Braze (BRZE), and DLocal Limited (DLO), all carrying a Zacks Rank 2 [5][6]
ExxonMobil in Talks for Developing Guyana's Shallow-Water Block S8
ZACKS· 2024-12-03 15:01
Group 1: ExxonMobil and Partners' Negotiations - ExxonMobil, along with Hess Corporation and CNOOC Limited, is negotiating with the Guyanese government regarding the development of the shallow-water offshore block S8 following a successful bid in a late 2022 auction [1] - An ExxonMobil spokesperson confirmed the ongoing discussions but did not provide specific plans for the block, such as whether it would focus on carbon capture and storage (CCS) or traditional oil and gas exploration [2] - Guyana's vice president stated that ExxonMobil's consortium had previously withdrawn from the auction due to a lack of government support for a proposed carbon sequestration project, but clarified that ExxonMobil has since expressed renewed interest in the block [3] Group 2: Guyana's Oil and Gas Development - The S8 block is part of Guyana's broader initiative to develop its oil and gas resources, with the government offering 14 blocks in its latest auction, attracting bids from major energy firms like Petronas, TotalEnergies, and CNOOC [4] - The shallow-water block presents a significant opportunity for ExxonMobil and its partners to expand their presence in Guyana, a rapidly growing oil-producing nation [5] - The outcome of the negotiations could enhance ExxonMobil's exploration and production portfolio, benefiting long-term shareholders, although uncertainties regarding project specifics and government negotiations persist [6]
3 Green Hydrogen Stocks That May Survive the Trump Chopping Block
MarketBeat· 2024-12-02 13:00
Core Insights - The demand for electricity is expected to increase significantly due to factors such as artificial intelligence, economic growth, and weather-related events [1] - Green hydrogen is seen as a potential clean energy solution, but its commercialization is hindered by the need for industry subsidies and technological advancements [2][3] - The Trump administration's approach to green hydrogen may not be as detrimental as anticipated, with potential innovations in the sector that could attract political support [3][4] Green Hydrogen Market - McKinsey has reduced its U.S. green hydrogen forecast for 2030 by 70%, highlighting the challenges in scaling this technology without subsidies [2] - The current alternative to green hydrogen is hydrogen produced from natural gas, which is cheaper and poses a challenge for the green hydrogen industry [5] - Companies like FuelCell Energy are exploring opportunities in markets with higher natural gas prices, such as South Korea, where they have significant operations [6] Company Analysis - FuelCell Energy's stock is currently priced at $11.87, with a 52-week range of $5.45 to $55.20 and a price target of $19.17 [5] - Bloom Energy has secured a deal with American Electric Power to supply up to one gigawatt of fuel cells, marking a significant commercial procurement in the sector [8] - Despite disappointing earnings, analysts are optimistic about Bloom Energy's future, raising price targets in light of the AEP deal [9] Investment Considerations - Plug Power's stock is currently at $2.24, with a price target of $4.52, but it has faced declining revenue and negative earnings per share [12][13] - The hydrogen sector is viewed as a long-term investment opportunity, with potential for significant returns if hydrogen becomes a viable alternative to battery electric vehicles [14] - Analysts suggest caution with Plug Power due to high short interest, indicating a need for careful entry points in trading [14]
Where Will Block Be in 5 Years?
The Motley Fool· 2024-11-30 23:06
Core Insights - Block has seen a modest stock increase of 32% over the past five years, significantly underperforming the S&P 500, which returned 107% in the same period [1] Group 1: Business Strategy - Block's management is focused on enhancing the integration between Square and Cash App to create a more independent payment system, reducing reliance on major networks like Visa and Mastercard [2] - The ideal transaction scenario for Block involves Cash App users purchasing from Square merchants, utilizing payment methods like Cash App Pay, Cash App Card, or Afterpay [3][4] - By bypassing major card networks, Block aims to retain a larger share of transaction fees, which is crucial for its growth as a fintech disruptor [4] Group 2: User Base and Market Position - As of September 30, Block had 57 million monthly Cash App users and 24 million Cash App Card holders, with Square processing $59.9 billion in gross payment volume in Q3 [5] - Despite these figures, Block remains a small player in a vast market, with a total payment volume of $6.5 trillion in the same period [5] Group 3: Bitcoin Initiatives - Block's CEO, Jack Dorsey, is a strong proponent of Bitcoin, viewing it as a critical focus for the company [6] - The company is pursuing various Bitcoin-related initiatives, including a hardware wallet and mining equipment, and holds $530 million in Bitcoin on its balance sheet as of September 30 [7] - While some critics see this focus as a distraction, supporters argue that it aligns with Block's mission to enhance financial freedom and economic empowerment [8] Group 4: Financial Performance and Valuation - Block is experiencing rising profits, with expectations of nearly $1.6 billion in adjusted operating income for 2024, representing a 344% increase from the previous year [9] - The stock has seen a 24% increase in November, and despite this rise, it trades at a price-to-sales ratio of under 2.4, which is less than half the average valuation over the past five years [10] - Given its current trajectory, Block is expected to potentially outperform the S&P 500 by the end of 2029 [11]
Could Buying Block Stock Today Set You Up for Life?
The Motley Fool· 2024-11-30 11:30
From their initial public offering in November 2015 to their all-time high in August 2021, shares of Block (SQ -0.26%) have skyrocketed an impressive 2,060%. That gain easily trounced the broader indexes. Since then, the market has adopted a more subdued perspective on this fintech stock, as well as other once high-flying growth enterprises. As a result, shares trade 68% off that peak from more than three years ago.You might be considering buying Block on the dip. Could this move set you up for life?Block s ...
Alto Ingredients: Time To Put The Company On The Auction Block - Hold
Seeking Alpha· 2024-11-29 11:32
I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...
Should You Buy This Top Cathie Wood Stock While It's Below $100?
The Motley Fool· 2024-11-24 09:35
The average investor can easily find new investment ideas by following well-known asset managers. One of those managers is Cathie Wood, who heads up Ark Invest, an investment fund that focuses on disruptive and innovative businesses. In the Ark Innovation ETF, the flagship product that the asset manager offers to clients, fintech enterprise Block (SQ -0.47%) is a top holding. As of Nov. 21, it's the eighth largest position. Should you buy this top Cathie Wood stock while it trades below $100 per share? Bull ...
Here's Why H&R Block Stock is a Compelling Pick Right Now
ZACKS· 2024-11-22 15:31
H&R Block, Inc. (HRB) has performed exceptionally well in the past year and has the potential to sustain this momentum in the near term. Consequently, if you haven’t taken advantage of its share price appreciation yet, it’s time you add the stock to your portfolio.What Makes HRB an Attractive Pick?An Outperformer: A glimpse at this consumer services company’s price trend reveals that the stock has had an impressive run over the past year. Shares of H&R Block have gained 22%, significantly outperforming the ...