Blackhawk Network Holdings Inc. (HAWK) Expected to Earn Q1 2017 Earnings of $0.34 Per Share
Blackhawk Network Holdings Inc. (NASDAQ:HAWK) – Jefferies Group issued their Q1 2017 earnings estimates for Blackhawk Network Holdings in a note issued to investors on Monday. Jefferies Group analyst R. El-Assal forecasts that the firm will post earnings per share of $0.34 for the quarter. Jefferies Group currently has a “Buy” rating and a $43.00 target price on the stock. Jefferies Group also issued estimates for Blackhawk Network Holdings’ Q2 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.27 EPS and Q4 2017 earnings at $1.56 EPS.
Other equities research analysts also recently issued research reports about the company. Bank of America Corp. raised Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and set a $41.00 target price for the company in a report on Friday, July 22nd. Zacks Investment Research raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, September 20th. Finally, Credit Agricole SA raised Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $34.00 to $36.00 in a research note on Wednesday, September 21st. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.75.
Blackhawk Network Holdings (NASDAQ:HAWK) traded up 1.78% during trading on Wednesday, reaching $34.28. 405,716 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $31.84 and a 200 day moving average price of $33.16. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $48.40. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 84.85 and a beta of 0.67.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Tuesday, October 11th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.04. The company earned $361.60 million during the quarter. Blackhawk Network Holdings had a net margin of 1.15% and a return on equity of 13.38%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share.
In related news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $35.92, for a total value of $898,000.00. Following the completion of the transaction, the director now owns 40,529 shares of the company’s stock, valued at approximately $1,455,801.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.24% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of HAWK. ProShare Advisors LLC boosted its stake in Blackhawk Network Holdings by 1.1% in the second quarter. ProShare Advisors LLC now owns 6,720 shares of the company’s stock valued at $225,000 after buying an additional 73 shares during the period. LaSalle Street Capital Management LLC boosted its stake in Blackhawk Network Holdings by 1.8% in the second quarter. LaSalle Street Capital Management LLC now owns 9,890 shares of the company’s stock valued at $331,000 after buying an additional 171 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Blackhawk Network Holdings by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 39,947 shares of the company’s stock valued at $1,338,000 after buying an additional 472 shares during the period. HBK Investments L P boosted its stake in Blackhawk Network Holdings by 10.3% in the first quarter. HBK Investments L P now owns 6,400 shares of the company’s stock valued at $220,000 after buying an additional 600 shares during the period. Finally, Genesee Valley Trust Co. boosted its stake in Blackhawk Network Holdings by 3.6% in the second quarter. Genesee Valley Trust Co. now owns 21,913 shares of the company’s stock valued at $734,000 after buying an additional 765 shares during the period. Institutional investors own 91.35% of the company’s stock.
Blackhawk Network Holdings Company Profile
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.
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