Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Liberty Tax (TAX) Share Price
Media headlines about Liberty Tax (NASDAQ:TAX) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Liberty Tax earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.7116871431159 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Chamber Honors 110 Service Members at Military Recognition Reception (pressreleasepoint.com)
- ETFs with exposure to Liberty Tax, Inc. : August 11, 2017 (finance.yahoo.com)
- Shares Continuing to Trade Below Moving Averages: Halliburton Company (NYSE:HAL) (wisdomsave.com)
- BidaskClub Upgrades Halliburton Company (HAL) to Hold (elcumanes.com)
Liberty Tax (NASDAQ:TAX) remained flat at $13.85 on Friday. 34,108 shares of the stock were exchanged. The firm’s 50 day moving average price is $13.69 and its 200-day moving average price is $14.06. The stock has a market cap of $192.27 million, a price-to-earnings ratio of 14.81 and a beta of 0.84. Liberty Tax has a 12 month low of $10.88 and a 12 month high of $16.20.
Liberty Tax (NASDAQ:TAX) last posted its earnings results on Wednesday, June 14th. The business services provider reported $2.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.42 by $0.19. Liberty Tax had a return on equity of 15.84% and a net margin of 7.48%. The firm had revenue of $111.20 million during the quarter, compared to the consensus estimate of $113.50 million. During the same period in the previous year, the company posted $2.32 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Liberty Tax will post $1.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Wednesday, July 12th. Liberty Tax’s payout ratio is 77.11%.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Liberty Tax from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. ValuEngine lowered shares of Liberty Tax from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd.
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In other Liberty Tax news, Director Ellen M. Mcdowell sold 5,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $13.58, for a total transaction of $67,900.00. Following the sale, the director now owns 42,579 shares of the company’s stock, valued at approximately $578,222.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Piper sold 13,750 shares of the stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $12.93, for a total transaction of $177,787.50. Following the sale, the insider now directly owns 4,300 shares in the company, valued at approximately $55,599. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,983 shares of company stock worth $993,023. 46.80% of the stock is owned by insiders.
About Liberty Tax
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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