Zacks: Analysts Anticipate Blackhawk Network Holdings, Inc. (HAWK) Will Post Quarterly Sales of $214.46 Million
Equities analysts expect Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) to post sales of $214.46 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Blackhawk Network Holdings’ earnings, with the lowest sales estimate coming in at $211.50 million and the highest estimate coming in at $215.80 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 firm is scheduled to report its next earnings report after the market closes on Wednesday, July 19th.
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 $1.10 billion. For the next year, analysts expect that the company will post sales of $1.19 billion per share, with estimates ranging from $1.16 billion to $1.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Blackhawk Network Holdings.
Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, April 26th. The credit services provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. Blackhawk Network Holdings had a negative net margin of 0.27% and a positive return on equity of 8.36%. The business had revenue of $407.20 million during the quarter, compared to analyst estimates of $379.13 million. During the same period in the previous year, the business posted $0.46 earnings per share. Blackhawk Network Holdings’s revenue for the quarter was up 11.1% on a year-over-year basis.
Several research firms have recently commented on HAWK. Zacks Investment Research raised Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub upgraded Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. BMO Capital Markets upgraded Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $40.00 to $50.00 in a research report on Wednesday, June 28th. Mizuho began coverage on Blackhawk Network Holdings in a research report on Tuesday, June 27th. They set a “buy” rating and a $50.00 price objective for the company. Finally, TheStreet downgraded Blackhawk Network Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $42.00.
In other Blackhawk Network Holdings news, insider Joan B. Lockie sold 5,374 shares of the company’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 value of $223,182.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roche L. Talbott Hoskins sold 20,000 shares of the company’s 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 completion of the sale, the insider now owns 240,931 shares of the company’s stock, valued at $9,938,403.75. The disclosure for this sale can be found here. Insiders sold 77,153 shares of company stock valued at $3,198,121 over the last 90 days. 3.80% of the stock is currently owned by insiders.
A number of 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 worth $100,000 after buying an additional 35 shares during the period. Prescott Group Capital Management L.L.C. increased its stake in Blackhawk Network Holdings by 0.3% in the first quarter. Prescott Group Capital Management L.L.C. now owns 90,279 shares of the credit services provider’s stock worth $3,665,000 after buying an additional 279 shares during the period. Atria Investments LLC increased its stake in Blackhawk Network Holdings by 3.0% in the first quarter. Atria Investments LLC now owns 10,428 shares of the credit services provider’s stock worth $423,000 after buying an additional 308 shares during the period. 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 worth $148,000 after buying an additional 512 shares during the period. Finally, First Manhattan Co. increased its stake in Blackhawk Network Holdings by 1.8% in the first quarter. First Manhattan Co. now owns 32,754 shares of the credit services provider’s stock worth $988,000 after buying an additional 582 shares during the period. Hedge funds and other institutional investors own 99.58% of the company’s stock.
Blackhawk Network Holdings (HAWK) opened at 42.45 on Friday. Blackhawk Network Holdings has a 1-year low of $28.88 and a 1-year high of $44.90. The stock’s market capitalization is $2.39 billion. The firm’s 50 day moving average is $42.60 and its 200 day moving average is $39.26.
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.
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