Blackhawk Network Holdings Inc (HAWK) Expected to Post Quarterly Sales of $214.46 Million

Wall Street brokerages predict that Blackhawk Network Holdings Inc (NASDAQ:HAWK) will report sales of $214.46 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Blackhawk Network Holdings’ earnings, with the lowest sales estimate coming in at $211.50 million and the highest estimate coming in at $215.80 million. Blackhawk Network Holdings reported sales of $183.72 million in the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 18th.

On average, analysts expect that Blackhawk Network Holdings will report full-year sales of $214.46 million for the current fiscal year, with estimates ranging from $1.07 billion to $1.10 billion. For the next financial year, analysts expect that the business will report sales of $1.19 billion per share, with estimates ranging from $1.16 billion to $1.24 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Blackhawk Network Holdings.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Wednesday, April 26th. The credit services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07. The firm had revenue of $407.20 million during the quarter, compared to analysts’ expectations of $379.13 million. Blackhawk Network Holdings had a net margin of 1.15% and a return on equity of 13.30%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, March 16th. First Analysis upped their price objective on Blackhawk Network Holdings from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 23rd. Deutsche Bank AG upped their price objective on Blackhawk Network Holdings from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, April 28th. SunTrust Banks, Inc. assumed coverage on Blackhawk Network Holdings in a research note on Wednesday, March 15th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Credit Suisse Group AG downgraded Blackhawk Network Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $37.00 to $36.00 in a research note on Thursday, February 16th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.69.

In other news, Director Robert B. Henske bought 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were bought at an average cost of $41.57 per share, for a total transaction of $145,495.00. Following the acquisition, the director now directly owns 4,500 shares in the company, valued at $187,065. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey H. Fox bought 2,775 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was purchased at an average price of $41.64 per share, for a total transaction of $115,551.00. Following the completion of the acquisition, the director now owns 2,775 shares in the company, valued at $115,551. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 77,153 shares of company stock valued at $3,198,121. Insiders own 3.24% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Blackhawk Network Holdings during the first quarter worth about $1,485,000. Point72 Asset Management L.P. boosted its position in shares of Blackhawk Network Holdings by 23.4% in the first quarter. Point72 Asset Management L.P. now owns 1,455,100 shares of the credit services provider’s stock valued at $59,077,000 after buying an additional 275,917 shares during the period. Park West Asset Management LLC boosted its position in shares of Blackhawk Network Holdings by 11.9% in the first quarter. Park West Asset Management LLC now owns 2,535,262 shares of the credit services provider’s stock valued at $102,932,000 after buying an additional 268,763 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Blackhawk Network Holdings during the first quarter valued at $434,000. Finally, Jana Partners LLC bought a new position in shares of Blackhawk Network Holdings during the first quarter valued at $109,418,000. Institutional investors own 96.11% of the company’s stock.

Shares of Blackhawk Network Holdings (NASDAQ HAWK) traded down 0.12% during midday trading on Friday, hitting $42.65. 397,911 shares of the stock traded hands. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $43.60. The firm’s 50-day moving average is $41.23 and its 200 day moving average is $38.16. The company’s market capitalization is $2.40 billion.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HAWK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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