Brokerages forecast that Blackhawk Network Holdings Inc (NASDAQ:HAWK) will report $214.46 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Blackhawk Network Holdings’ earnings, with estimates ranging from $211.5 million to $215.8 million. Blackhawk Network Holdings reported sales of $183.72 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The business is scheduled to report its next earnings report on Tuesday, July 18th.

On average, analysts expect that Blackhawk Network Holdings will report full year sales of $214.46 million for the current year, with estimates ranging from $1.07 billion to $1.1 billion. For the next year, analysts anticipate that the company will post sales of $1.19 billion per share, with estimates ranging from $1.16 billion to $1.24 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Blackhawk Network Holdings.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Wednesday, April 26th. The credit services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. Blackhawk Network Holdings had a return on equity of 13.30% and a net margin of 1.15%. The business had revenue of $407.20 million for the quarter, compared to analyst estimates of $379.13 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year.

A number of equities analysts have recently commented on HAWK shares. Zacks Investment Research upgraded Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. First Analysis raised their target price on Blackhawk Network Holdings from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 23rd. Deutsche Bank AG raised their price objective on Blackhawk Network Holdings from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, April 28th. SunTrust Banks, Inc. began coverage on Blackhawk Network Holdings in a research note on Wednesday, March 15th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Credit Suisse Group AG lowered Blackhawk Network Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $37.00 to $36.00 in a research note on Thursday, February 16th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $40.69.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.81% during mid-day trading on Friday, reaching $42.70. 509,406 shares of the company traded hands. The stock’s market capitalization is $2.41 billion. Blackhawk Network Holdings has a 52-week low of $28.88 and a 52-week high of $43.60. The company’s 50 day moving average is $41.23 and its 200 day moving average is $38.16.

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In related news, insider Joan B. Lockie sold 5,374 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $41.53, for a total transaction of $223,182.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Roche L. Talbott Hoskins sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were 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 of the company’s stock, valued at approximately $9,938,403.75. The disclosure for this sale can be found here. Insiders have sold a total of 77,153 shares of company stock valued at $3,198,121 in the last 90 days. Insiders own 3.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. P2 Capital Partners LLC raised its position in Blackhawk Network Holdings by 22.1% in the third quarter. P2 Capital Partners LLC now owns 2,808,526 shares of the credit services provider’s stock worth $84,733,000 after buying an additional 508,526 shares in the last quarter. FMR LLC raised its position in Blackhawk Network Holdings by 5.0% in the fourth quarter. FMR LLC now owns 7,789,418 shares of the credit services provider’s stock worth $293,466,000 after buying an additional 368,450 shares in the last quarter. State Street Corp raised its position in Blackhawk Network Holdings by 4.1% in the fourth quarter. State Street Corp now owns 991,589 shares of the credit services provider’s stock worth $37,362,000 after buying an additional 39,207 shares in the last quarter. Envestnet Asset Management Inc. raised its position 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 worth $148,000 after buying an additional 512 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in Blackhawk Network Holdings by 13.1% in the fourth quarter. Gabelli Funds LLC now owns 431,300 shares of the credit services provider’s stock worth $16,249,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 96.11% 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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