Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) – Research analysts at Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for Blackhawk Network in a note issued to investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst R. El-Assal now expects that the credit services provider will earn ($0.18) per share for the quarter, up from their prior estimate of ($0.24). Jefferies Group also issued estimates for Blackhawk Network’s Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at $1.13 EPS and FY2018 earnings at $0.71 EPS.
Blackhawk Network (NASDAQ:HAWK) last posted its quarterly 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. Blackhawk Network had a positive return on equity of 4.12% and a negative net margin of 0.14%. The firm had revenue of $419.30 million for the quarter, compared to analyst estimates of $439.32 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis.
HAWK has been the subject of several other reports. Zacks Investment Research upgraded Blackhawk Network from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Deutsche Bank reiterated a “buy” rating and set a $51.00 target price on shares of Blackhawk Network in a research note on Friday, November 3rd. BidaskClub upgraded Blackhawk Network from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Mizuho downgraded Blackhawk Network from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Wednesday, October 18th. Finally, Craig Hallum reiterated a “buy” rating and set a $58.00 target price on shares of Blackhawk Network in a research note on Friday, September 1st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.62.
Shares of Blackhawk Network (NASDAQ:HAWK) traded down $0.55 during midday trading on Monday, hitting $35.00. The stock had a trading volume of 837,887 shares, compared to its average volume of 666,924. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. Blackhawk Network has a one year low of $32.60 and a one year high of $46.70. The company has a market cap of $2,056.63, a P/E ratio of 63.51, a P/E/G ratio of 5.82 and a beta of 0.48.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio boosted its stake in Blackhawk Network by 38.9% in the 2nd 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 period. BB&T Securities LLC bought a new stake in Blackhawk Network in the 3rd quarter valued at $204,000. Aperio Group LLC bought a new stake in Blackhawk Network in the 3rd quarter valued at $205,000. Prudential Financial Inc. bought a new stake in Blackhawk Network in the 2nd quarter valued at $207,000. Finally, Campbell Newman Asset Management Inc. bought a new stake in Blackhawk Network in the 2nd quarter valued at $213,000. Institutional investors and hedge funds own 96.74% of the company’s stock.
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About Blackhawk Network
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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