Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) announced its quarterly earnings results on Monday. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07, RTT News reports. The firm had revenue of $419.30 million for the quarter, compared to the consensus estimate of $439.32 million. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share.

Shares of Blackhawk Network Holdings (HAWK) traded down 0.90% on Wednesday, reaching $44.20. 982,713 shares of the company’s stock traded hands. Blackhawk Network Holdings has a 52 week low of $31.30 and a 52 week high of $46.70. The stock’s market capitalization is $2.50 billion. The stock’s 50-day moving average price is $43.99 and its 200-day moving average price is $42.67.

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In related news, insider Joan B. Lockie sold 2,543 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $43.92, for a total transaction of $111,688.56. Following the completion of the sale, the insider now owns 17,168 shares of the company’s stock, valued at approximately $754,018.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David C. Tate sold 18,669 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total transaction of $800,526.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,212 shares of company stock valued at $4,298,465. Corporate insiders own 3.80% of the company’s stock.

Several equities analysts have issued reports on HAWK shares. Mizuho started coverage on shares of Blackhawk Network Holdings in a report on Tuesday, June 27th. They set a “buy” rating and a $50.00 price objective on the stock. BidaskClub raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup Inc. reaffirmed a “buy” rating and set a $47.00 price objective on shares of Blackhawk Network Holdings in a report on Monday, July 17th. Craig Hallum reaffirmed a “buy” rating and set a $58.00 price objective on shares of Blackhawk Network Holdings in a report on Friday, September 1st. Finally, TheStreet downgraded shares of Blackhawk Network Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $46.62.

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.

Earnings History for Blackhawk Network Holdings (NASDAQ:HAWK)

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