Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Set to Announce Earnings on Wednesday
Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) will issue its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Blackhawk Network Holdings has set its FY17 guidance at $1.56-1.70 EPS.
Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results 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. Blackhawk Network Holdings had a positive return on equity of 8.36% and a negative net margin of 0.27%. The firm had revenue of $407.20 million during the quarter, compared to the consensus estimate of $379.13 million. During the same period last year, the company earned $0.46 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect Blackhawk Network Holdings to post $1.65 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.
Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at 43.55 on Tuesday. The stock’s market capitalization is $2.45 billion. Blackhawk Network Holdings, Inc. has a 52-week low of $28.88 and a 52-week high of $44.90. The company’s 50 day moving average price is $42.60 and its 200 day moving average price is $39.26.
In other Blackhawk Network Holdings news, Director Robert B. Henske purchased 3,500 shares of the stock in a transaction on Wednesday, May 3rd. The shares were bought at an average price of $41.57 per share, for a total transaction of $145,495.00. Following the completion of the transaction, the director now owns 4,500 shares of the company’s stock, valued at approximately $187,065. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roche L. Talbott Hoskins sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $41.25, for a total value of $825,000.00. Following the transaction, the insider now owns 240,931 shares in the company, valued at approximately $9,938,403.75. The disclosure for this sale can be found here. Insiders have sold 77,153 shares of company stock worth $3,198,121 in the last quarter. 3.80% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on HAWK shares. First Analysis upped their target price on Blackhawk Network Holdings from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 23rd. Zacks Investment Research raised Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Deutsche Bank AG increased their price objective on Blackhawk Network Holdings from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, April 28th. BMO Capital Markets raised Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $50.00 in a report on Wednesday, June 28th. Finally, TheStreet lowered Blackhawk Network Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $42.00.
About Blackhawk Network Holdings
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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