Jefferies Group Weighs in on Blackhawk Network Holdings Inc.’s Q1 2017 Earnings (HAWK)
Blackhawk Network Holdings Inc. (NASDAQ:HAWK) – Equities research analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for shares of Blackhawk Network Holdings in a research note issued on Monday. Jefferies Group analyst R. El-Assal anticipates that the brokerage will earn $0.34 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $43.00 price target 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.
Several other research firms have also commented on HAWK. Zacks Investment Research upgraded shares of Blackhawk Network Holdings from a “sell” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research report on Wednesday, July 27th. Bank of America Corp. upgraded shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Friday, July 22nd. Finally, Credit Agricole SA upgraded shares of Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $36.00 in a research report on Wednesday, September 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $42.75.
Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded up 7.2361% during trading on Wednesday, reaching $34.2405. 2,319,342 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $31.78 and its 200 day moving average price is $33.15. The firm has a market capitalization of $1.93 billion, a PE ratio of 84.7537 and a beta of 0.67. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $48.40.
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Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Tuesday, October 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The company earned $361.60 million during the quarter. Blackhawk Network Holdings had a net margin of 1.24% and a return on equity of 15.40%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS.
Hedge funds have recently bought and sold shares of the stock. Standard Life Investments LTD raised its stake in Blackhawk Network Holdings by 85.7% in the second quarter. Standard Life Investments LTD now owns 4,800,778 shares of the company’s stock worth $160,874,000 after buying an additional 2,214,977 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Blackhawk Network Holdings during the second quarter worth approximately $21,668,000. Bloom Tree Partners LLC raised its stake in Blackhawk Network Holdings by 38.4% in the first quarter. Bloom Tree Partners LLC now owns 1,721,218 shares of the company’s stock worth $59,038,000 after buying an additional 477,889 shares in the last quarter. Royal Bank of Canada raised its stake in Blackhawk Network Holdings by 1,986.0% in the second quarter. Royal Bank of Canada now owns 470,984 shares of the company’s stock worth $15,773,000 after buying an additional 448,406 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Blackhawk Network Holdings by 128.7% in the first quarter. Renaissance Technologies LLC now owns 760,063 shares of the company’s stock worth $26,070,000 after buying an additional 427,700 shares in the last quarter. 91.35% of the stock is owned by institutional investors.
In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of the company’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 sale, the director now directly 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 through this hyperlink. 3.24% of the stock is currently owned by company insiders.
About Blackhawk Network Holdings
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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