DALLAS, July 15, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Jackson Hewitt Tax Services Inc. (NYSE:JTX). The report includes financial, comparative and investment analyses and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/JTX
JTX's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, JTX is trading near its upper Bollinger Band. This suggests that the stock price is high relative to its recent price action.
Jackson Hewitt Tax Service Inc. (JTX) provides computerized preparation of federal, state and local individual income tax returns in the United States through a nationwide network of franchised and Company-owned offices operating under the brand name Jackson Hewitt Tax Service. The Company provides its customers with convenient, fast and quality tax return preparation services and electronic filing. In connection with their tax return preparation experience, its customers may select various financial products to suit their needs, including refund anticipation loans (RALs). During the fiscal year April 30, 2009, JTX's franchisees operated 5,610 offices and prepared 87% of the total number of tax returns prepared by its network.
Message Board Search for JTX: http://www.boardcentral.com/boards/JTX
In the report, the analyst notes:
"JTX reported a net loss of $272.3 million, or $9.52 per basic and diluted share for the 2010 fiscal year, versus net income of $19.5 million, or $0.68 per basic and diluted share for the 2009 fiscal year. On an adjusted basis, JTX's net income in the 2010 fiscal year was $7.5 million, or $0.26 per basic and diluted share, versus adjusted net income of $29.0 million, or $1.02 per basic and diluted share for the 2009 fiscal year.
"Total reported revenues for the 2010 fiscal year were $213.8 million, consistent with previous guidance, versus $248.3 million for the 2009 full year. The 13.9% revenue decline resulted from a lower number of tax returns prepared and reduced financial product fees in connection with the limited RAL program, offset in part by slightly higher average revenue per return."
To read the entire report visit: http://www.microstockprofit.com/lp/JTX
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