Brokerages expect Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) to post sales of $215.66 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Blackhawk Network Holdings’ earnings. The highest sales estimate is $221.80 million and the lowest is $206.00 million. Blackhawk Network Holdings posted sales of $168.92 million in the same quarter last year, which suggests a positive year-over-year growth rate of 27.7%. The business is expected to announce its next quarterly earnings report on Tuesday, October 10th.

On average, analysts expect that Blackhawk Network Holdings will report full year sales of $215.66 million for the current year, with estimates ranging from $1.09 billion to $1.13 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.24 billion per share, with estimates ranging from $1.20 billion to $1.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Blackhawk Network Holdings.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The company had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. During the same quarter last year, the company earned $0.13 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis.

HAWK has been the subject of several recent research reports. BMO Capital Markets upgraded Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $50.00 in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a research note on Tuesday, July 25th. Bank of America Corporation boosted their price target on Blackhawk Network Holdings from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. BidaskClub upgraded Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $47.00 price target on shares of Blackhawk Network Holdings in a research note on Monday, July 17th. 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 company. Blackhawk Network Holdings presently has an average rating of “Buy” and a consensus target price of $45.86.

Blackhawk Network Holdings (NASDAQ HAWK) opened at 45.50 on Wednesday. The company’s market cap is $2.58 billion. Blackhawk Network Holdings has a 52-week low of $28.88 and a 52-week high of $46.70. The company’s 50 day moving average price is $43.56 and its 200 day moving average price is $41.57.

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In other news, SVP David C. Tate sold 18,669 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total value of $3,386,250.00. Following the completion of the transaction, 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. Insiders sold a total of 96,212 shares of company stock valued at $4,298,465 over the last quarter. 3.80% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in HAWK. Nationwide Fund Advisors lifted its stake in shares of Blackhawk Network Holdings by 1.4% in the 1st quarter. Nationwide Fund Advisors now owns 59,061 shares of the credit services provider’s stock valued at $2,398,000 after acquiring an additional 817 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Blackhawk Network Holdings by 108.2% in the 1st quarter. Russell Investments Group Ltd. now owns 180,735 shares of the credit services provider’s stock valued at $7,338,000 after acquiring an additional 93,915 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Blackhawk Network Holdings by 0.3% in the 1st quarter. Wells Fargo & Company MN now owns 550,291 shares of the credit services provider’s stock valued at $22,342,000 after acquiring an additional 1,721 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Blackhawk Network Holdings by 26.4% in the 1st quarter. First Trust Advisors LP now owns 17,671 shares of the credit services provider’s stock valued at $717,000 after acquiring an additional 3,692 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Blackhawk Network Holdings by 10.1% in the 1st quarter. US Bancorp DE now owns 8,351 shares of the credit services provider’s stock valued at $339,000 after acquiring an additional 764 shares during the last quarter. Institutional investors own 95.77% 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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