Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) – Analysts at First Analysis issued their Q2 2018 EPS estimates for shares of Blackhawk Network Holdings in a research report issued on Thursday. First Analysis analyst L. Berlin forecasts that the credit services provider will earn $0.18 per share for the quarter.
HAWK has been the topic of several other research reports. Deutsche Bank AG lifted their price target on shares of Blackhawk Network Holdings from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, April 28th. 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 target on the stock. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Citigroup Inc. reaffirmed a “buy” rating and set a $47.00 price target on shares of Blackhawk Network Holdings in a report on Monday, July 17th. Finally, TheStreet downgraded shares of Blackhawk Network Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Blackhawk Network Holdings presently has an average rating of “Buy” and a consensus target price of $43.21.
ILLEGAL ACTIVITY WARNING: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/08/02/equities-analysts-set-expectations-for-blackhawk-network-holdings-inc-s-q2-2018-earnings-nasdaqhawk-updated.html.
Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at 45.00 on Friday. The company’s 50-day moving average is $43.09 and its 200-day moving average is $39.83. Blackhawk Network Holdings has a 12-month low of $28.88 and a 12-month high of $46.70. The company’s market cap is $2.53 billion.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.53%. The company had revenue of $463.10 million for the quarter, compared to analyst estimates of $447.43 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC bought a new stake in Blackhawk Network Holdings during the second quarter valued at about $436,000. Legato Capital Management LLC bought a new stake in Blackhawk Network Holdings during the second quarter valued at about $388,000. Reinhart Partners Inc. boosted its stake in Blackhawk Network Holdings by 2.7% in the second quarter. Reinhart Partners Inc. now owns 81,870 shares of the credit services provider’s stock valued at $3,570,000 after buying an additional 2,150 shares during the last quarter. AMI Asset Management Corp boosted its stake in Blackhawk Network Holdings by 6.6% in the second quarter. AMI Asset Management Corp now owns 383,339 shares of the credit services provider’s stock valued at $16,714,000 after buying an additional 23,875 shares during the last quarter. Finally, Horrell Capital Management Inc. bought a new stake in Blackhawk Network Holdings during the second quarter valued at about $121,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.
In related news, Director Jeffrey H. Fox acquired 2,775 shares of Blackhawk Network Holdings stock in a transaction dated Friday, May 5th. The shares were purchased at an average price of $41.64 per share, for a total transaction of $115,551.00. Following the completion of the transaction, the director now directly owns 2,775 shares in the company, valued at approximately $115,551. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jerry N. Ulrich sold 30,000 shares of Blackhawk Network Holdings stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $41.90, for a total transaction of $1,257,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,153 shares of company stock worth $3,198,121. Company insiders own 3.80% 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.
Receive News & Stock Ratings for Blackhawk Network Holdings Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Blackhawk Network Holdings Inc. and related stocks with our FREE daily email newsletter.