Equities research analysts forecast that Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) will announce sales of $214.89 million for the current quarter, according to Zacks. Six analysts have provided estimates for Blackhawk Network Holdings’ earnings, with the highest sales estimate coming in at $221.80 million and the lowest estimate coming in at $206.00 million. Blackhawk Network Holdings posted sales of $168.92 million during the same quarter last year, which suggests a positive year-over-year growth rate of 27.2%. The company is expected to issue its next earnings report on Tuesday, October 10th.

On average, analysts expect that Blackhawk Network Holdings will report full-year sales of $214.89 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.12 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.22 billion per share, with estimates ranging from $1.19 billion to $1.24 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Blackhawk Network Holdings.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The firm had revenue of $463.10 million for the quarter, compared to the consensus estimate of $447.43 million. During the same period in the previous year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis.

Several research firms have issued reports on HAWK. BidaskClub downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 price target (up from $49.00) on shares of Blackhawk Network Holdings in a research note on Monday, July 24th. Mizuho reissued a “buy” rating and issued a $52.00 price target (up from $50.00) on shares of Blackhawk Network Holdings in a research note on Saturday, July 22nd. Finally, Bank of America Corporation raised their price target on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Blackhawk Network Holdings presently has a consensus rating of “Buy” and a consensus price target of $45.14.

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In other Blackhawk Network Holdings news, insider Roche L. Talbott Hoskins sold 20,000 shares of Blackhawk Network Holdings stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $41.25, for a total transaction of $825,000.00. Following the completion of the sale, the insider now directly owns 240,931 shares in the company, valued at $9,938,403.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of Blackhawk Network Holdings stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the sale, the chief financial officer now owns 63,280 shares of the company’s stock, valued at $2,857,092. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,212 shares of company stock valued at $6,380,465. 3.80% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Prescott Group Capital Management L.L.C. boosted its stake in shares of 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 in the last quarter. Geneva Advisors LLC boosted its stake in shares of Blackhawk Network Holdings by 6.7% in the first quarter. Geneva Advisors LLC now owns 43,717 shares of the credit services provider’s stock worth $1,775,000 after buying an additional 2,734 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Blackhawk Network Holdings by 0.3% in the first quarter. Wells Fargo & Company MN now owns 550,291 shares of the credit services provider’s stock worth $22,342,000 after buying an additional 1,721 shares in the last quarter. Eidelman Virant Capital boosted its stake in shares of Blackhawk Network Holdings by 6.5% in the first quarter. Eidelman Virant Capital now owns 75,500 shares of the credit services provider’s stock worth $3,065,000 after buying an additional 4,600 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Blackhawk Network Holdings by 108.2% in the first quarter. Russell Investments Group Ltd. now owns 180,735 shares of the credit services provider’s stock worth $7,338,000 after buying an additional 93,915 shares in the last quarter. Institutional investors and hedge funds own 99.56% 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.

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