Wall Street analysts forecast that Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) will report ($0.25) earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for Blackhawk Network Holdings’ earnings, with the highest EPS estimate coming in at ($0.21) and the lowest estimate coming in at ($0.28). Blackhawk Network Holdings reported earnings per share of $0.27 in the same quarter last year, which would suggest a negative year over year growth rate of 192.6%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, July 19th.

According to Zacks, analysts expect that Blackhawk Network Holdings will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.33 to $0.46. For the next financial year, analysts expect that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.60 to $0.84. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Blackhawk Network Holdings.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings results on Wednesday, April 26th. The credit services provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $407.20 million for the quarter, compared to analysts’ expectations of $379.13 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The company’s revenue was up 11.1% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Citigroup Inc. upgraded shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $39.00 to $47.00 in a report on Friday, May 19th. Zacks Investment Research cut shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. BMO Capital Markets upgraded shares of Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and raised their target price for the stock 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 research note on Tuesday, June 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.00.

Blackhawk Network Holdings (NASDAQ:HAWK) traded up 2.59% during midday trading on Friday, reaching $43.55. The company had a trading volume of 954,345 shares. The company’s market capitalization is $2.45 billion. The company’s 50 day moving average is $42.60 and its 200-day moving average is $39.26. Blackhawk Network Holdings has a 52-week low of $28.88 and a 52-week high of $44.90.

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In other news, insider Roche L. Talbott Hoskins sold 20,000 shares of Blackhawk Network Holdings stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $41.25, for a total value of $825,000.00. Following the completion of the transaction, the insider now owns 240,931 shares of the company’s stock, valued at approximately $9,938,403.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey H. Fox purchased 2,775 shares of the stock in a transaction dated Friday, May 5th. The stock was bought at an average cost of $41.64 per share, with a total value of $115,551.00. Following the transaction, 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 sold 77,153 shares of company stock valued at $3,198,121. 3.80% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its stake in Blackhawk Network Holdings by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,675 shares of the credit services provider’s stock valued at $100,000 after buying an additional 35 shares during the last quarter. Horrell Capital Management Inc. acquired a new stake in Blackhawk Network Holdings during the second quarter valued at approximately $121,000. Envestnet Asset Management Inc. increased its stake in Blackhawk Network Holdings by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,909 shares of the credit services provider’s stock valued at $148,000 after buying an additional 512 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Blackhawk Network Holdings during the first quarter valued at approximately $193,000. Finally, Turner Investments LLC acquired a new stake in Blackhawk Network Holdings during the first quarter valued at approximately $203,000. Institutional investors own 99.59% of the company’s stock.

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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