Wall Street brokerages forecast that Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) will report sales of $398.81 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Blackhawk Network Holdings’ earnings. The highest sales estimate is $460.00 million and the lowest is $373.75 million. Blackhawk Network Holdings posted sales of $352.01 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The business is expected to issue its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Blackhawk Network Holdings will report full-year sales of $398.81 million for the current year, with estimates ranging from $972.90 million to $1.07 billion. For the next financial year, analysts expect that the firm will post sales of $1.15 billion per share, with estimates ranging from $1.06 billion to $1.29 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Blackhawk Network Holdings.
Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The business had revenue of $419.30 million during the quarter, compared to the consensus estimate of $439.32 million. Blackhawk Network Holdings had a positive return on equity of 4.12% and a negative net margin of 0.14%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS.
A number of equities analysts have recently weighed in on the company. UBS AG cut Blackhawk Network Holdings from an “outperform” rating to a “market perform” rating in a report on Thursday, October 12th. Mizuho cut Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Wednesday. BidaskClub raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Blackhawk Network Holdings in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. Blackhawk Network Holdings has a consensus rating of “Hold” and an average target price of $47.23.
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Blackhawk Network Holdings (NASDAQ HAWK) opened at 34.20 on Friday. Blackhawk Network Holdings has a 52 week low of $32.60 and a 52 week high of $46.70. The firm’s market capitalization is $1.94 billion. The stock’s 50 day moving average price is $42.44 and its 200 day moving average price is $42.42.
In related news, SVP David C. Tate sold 18,669 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total value of $3,386,250.00. Following the completion of the transaction, the chief financial officer now owns 63,280 shares of the company’s stock, valued at $2,857,092. The disclosure for this sale can be found here. Insiders sold 96,212 shares of company stock valued at $4,298,465 over the last quarter. Insiders own 3.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its stake in Blackhawk Network Holdings by 4.8% in the second quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock valued at $308,000 after purchasing an additional 326 shares during the last quarter. Legal & General Group Plc increased its stake in Blackhawk Network Holdings by 1.9% in the second quarter. Legal & General Group Plc now owns 19,282 shares of the credit services provider’s stock valued at $844,000 after purchasing an additional 351 shares during the last quarter. Strs Ohio increased its stake in Blackhawk Network Holdings by 38.9% in the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock valued at $109,000 after purchasing an additional 700 shares during the last quarter. Turner Investments LLC increased its stake in Blackhawk Network Holdings by 20.0% in the second quarter. Turner Investments LLC now owns 6,000 shares of the credit services provider’s stock valued at $262,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Geneva Advisors LLC increased its stake in Blackhawk Network Holdings by 2.5% in the second quarter. Geneva Advisors LLC now owns 44,795 shares of the credit services provider’s stock valued at $1,953,000 after purchasing an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Blackhawk Network Holdings Company Profile
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.
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