Blackhawk Network Holdings Inc. (NASDAQ:HAWK) is set to release its earnings data on Wednesday, October 12th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.13. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. During the same quarter last year, the business earned $0.38 EPS. On average, analysts expect Blackhawk Network Holdings to post $1.57 EPS for the current fiscal year and $1.89 EPS for the next fiscal year.
Blackhawk Network Holdings Inc. (NASDAQ:HAWK) opened at 32.20 on Tuesday. The company’s 50-day moving average price is $31.80 and its 200 day moving average price is $33.16. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 79.70 and a beta of 0.67. Blackhawk Network Holdings Inc. has a 52-week low of $28.88 and a 52-week high of $48.40.
In other news, Director Arun Sarin sold 25,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $35.92, for a total value of $898,000.00. Following the transaction, the director now directly owns 40,529 shares in the company, valued at approximately $1,455,801.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.24% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE raised its position in Blackhawk Network Holdings by 94.7% in the second quarter. US Bancorp DE now owns 5,800 shares of the company’s stock valued at $194,000 after buying an additional 2,821 shares in the last quarter. ProShare Advisors LLC raised its position in Blackhawk Network Holdings by 1.1% in the second quarter. ProShare Advisors LLC now owns 6,720 shares of the company’s stock valued at $225,000 after buying an additional 73 shares in the last quarter. Nuveen Fund Advisors LLC bought a new position in Blackhawk Network Holdings during the second quarter valued at about $343,000. Prudential Financial Inc. raised its position in Blackhawk Network Holdings by 5.9% in the second quarter. Prudential Financial Inc. now owns 17,478 shares of the company’s stock valued at $585,000 after buying an additional 977 shares in the last quarter. Finally, Clinton Group Inc. raised its position in Blackhawk Network Holdings by 25.0% in the second quarter. Clinton Group Inc. now owns 18,280 shares of the company’s stock valued at $612,000 after buying an additional 3,661 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.
A number of equities research analysts recently commented on the company. Jefferies Group restated a “buy” rating and set a $43.00 price target on shares of Blackhawk Network Holdings in a research report on Monday. Bank of America Corp. lowered Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $41.00 to $34.00 in a research report on Friday. Zacks Investment Research lowered Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Finally, Credit Agricole SA upgraded Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $34.00 to $36.00 in a research report on Wednesday, September 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Blackhawk Network Holdings has an average rating of “Buy” and an average price target of $42.75.
About Blackhawk Network Holdings
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.
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