Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) – Stock analysts at Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for Blackhawk Network Holdings in a report issued on Wednesday. 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 previous forecast of ($0.24). Jefferies Group currently has a “Buy” rating and a $53.00 target price on the stock. Jefferies Group also issued estimates for Blackhawk Network Holdings’ 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.

Several other analysts have also commented on the stock. Deutsche Bank AG reissued a “buy” rating and set a $51.00 price target on shares of Blackhawk Network Holdings in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Mizuho lowered shares of Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research report on Wednesday, October 18th. Argus decreased their price target on shares of Blackhawk Network Holdings from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Finally, BMO Capital Markets decreased their price target on shares of Blackhawk Network Holdings from $52.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.62.

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Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at $35.85 on Monday. The company has a market cap of $2,036.75, a PE ratio of 62.90, a price-to-earnings-growth ratio of 5.76 and a beta of 0.45. Blackhawk Network Holdings has a 1 year low of $32.60 and a 1 year high of $46.70. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The business had revenue of $419.30 million during the quarter, compared to analyst estimates of $439.32 million. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.12%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share.

Institutional investors and hedge funds have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in shares of Blackhawk Network Holdings during the third quarter valued at about $272,000. Balyasny Asset Management LLC increased its holdings in Blackhawk Network Holdings by 25.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 129,357 shares of the credit services provider’s stock worth $5,640,000 after buying an additional 26,122 shares during the period. Vivaldi Asset Management LLC acquired a new position in Blackhawk Network Holdings in the 2nd quarter worth approximately $10,271,000. Argent Capital Management LLC acquired a new position in Blackhawk Network Holdings in the 2nd quarter worth approximately $1,603,000. Finally, Eidelman Virant Capital increased its holdings in Blackhawk Network Holdings by 16.6% in the 2nd quarter. Eidelman Virant Capital now owns 88,000 shares of the credit services provider’s stock worth $3,836,000 after buying an additional 12,500 shares during the period. Hedge funds and other institutional investors own 97.20% of the company’s stock.

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.

Earnings History and Estimates for Blackhawk Network Holdings (NASDAQ:HAWK)

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