3 Stocks to Watch on Wednesday: Bojangles Inc (BOJA), H & R Block Inc (HRB) and Urban Outfitters, Inc. (URBN)

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U.S. equities suffered a setback as the week progressed, with the dollar finishing higher and treasury bonds weakening. The S&P 500 Index posted a 0.3% loss, the Dow Jones Industrial Average fell 0.1% and the Nasdaq Composite slipped 0.3%.

3 Stocks to Watch on Wednesday: Bojangles Inc (BOJA), H & R Block Inc (HRB) and Urban Outfitters, Inc. (URBN)Food, taxes and apparel dominated the after-hours earnings news Tuesday as Bojangles Inc (NASDAQ:BOJA), H & R Block Inc (NYSE:HRB) and Urban Outfitters, Inc. (NASDAQ:URBN) all reported on their latest quarters.

Here’s how they did:

Bojangles Inc (BOJA)

Bojangles shares were plummeting after the company’s earnings results were revealed.

The restaurant operator unveiled net income of $9.8 million for its fourth quarter of 2016, or 26 cents per share. When adjusted for non-recurring costs, this figure came in at 28 cents per share.

Earnings were better than what Wall Street had expected — 21 cents per share. Meanwhile, Bojangles raked in $139.4 million in revenue, missing the consensus estimate by $1 million.

Fiscal 2016 results amounted to a profit of $1 per share, as well as revenue of $531.9 million.

For its current fiscal year, Bojangles expects to earn between 87 cents and 93 cents per share, missing the $1.01 per share that Wall Street anticipates by quite a margin.

BOJA shares fell 4.8% after the bell Tuesday.

H&R Block Inc (HRB)

H&R Block shares were skyrocketing as the company posted its third-quarter results.

The tax preparation services provider lost 49 cents per share, which was wider than the 34 cents per share it lost a year ago in the same period. However, the figure was still narrower than the 52-cent-per-share loss that Wall Street predicted.

Revenue came in at $451.9 million, missing the year-ago figure of $474.5 million. The figure topped the expectations set by analysts polled by Zacks Investment Research of $427.4 million.

H&R Block also announced a quarterly dividend that will grant shareholders on record as of Tuesday, March 14 a 22-cent dividend, marking an 88-cent dividend on an annualized basis.

Eleven analysts covering gave HRB an average rating of a “hold,” with seven analysts giving the tax helper this rating.

HRB shares grew over 7% after hours yesterday.

Urban Outfitters, Inc. (URBN)

Urban Outfitters’ latest earnings results missed the mark.

The apparel retailer earned $64.3 million, or 55 cents per share over the course of its fourth quarter. This figure missed the 61 cents per share it brought in the previous year in its fourth quarter.

Analysts were expecting Urban Outfitters to bring in 56 cents per share. Revenue came in at $1.03 billion, topping the year-ago figure of $1.01 billion, but coming in below the $1.04 billion that analysts had forecasted on an average basis.

Net sales came in at $1.03 billion, marking a 2% rise compared to a year ago, in line with estimates. Comparable retail segments were flat, while its Urban Outfitters brand and Free People were up 2% and 1.2% respectively, Anthropologie was 2.9% lower.

URBN shares lost over 6% after Tuesday’s market close.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/03/stocks-to-watch-on-wednesday-bojangles-inc-boja-h-r-block-inc-hrb-and-urban-outfitters-inc-urbn/.

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