Blackhawk Network Holdings Inc. (NASDAQ:HAWK) updated its FY16 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.52-2.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.57. The company issued revenue guidance of $1.95-2.014 billion, compared to the consensus revenue estimate of $1.99 billion.
Several analysts have weighed in on the company. Jefferies Group reaffirmed a buy rating and issued a $43.00 price target on shares of Blackhawk Network Holdings in a report on Monday. Bank of America Corp. cut Blackhawk Network Holdings from a buy rating to a neutral rating and lowered their price target for the company from $41.00 to $34.00 in a report on Friday, October 7th. Zacks Investment Research cut Blackhawk Network Holdings from a buy rating to a hold rating in a report on Wednesday, September 21st. Finally, Credit Agricole SA raised Blackhawk Network Holdings from an underperform rating to an outperform rating and raised their price target for the company from $34.00 to $36.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $42.75.
Blackhawk Network Holdings Inc. (NASDAQ:HAWK) opened at 31.93 on Wednesday. Blackhawk Network Holdings Inc. has a 52-week low of $28.88 and a 52-week high of $48.40. The company’s 50-day moving average price is $31.78 and its 200 day moving average price is $33.15. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 79.03 and a beta of 0.67.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings results on Tuesday, October 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.04. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. The business earned $361.60 million during the quarter, compared to analyst estimates of $189.25 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Blackhawk Network Holdings’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Blackhawk Network Holdings Inc. will post $1.57 EPS for the current fiscal year.
In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $35.92, for a total transaction of $898,000.00. Following the completion of the sale, the director now owns 40,529 shares of the company’s stock, valued at $1,455,801.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.24% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in 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 worth $194,000 after buying an additional 2,821 shares during the period. 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 worth $225,000 after buying an additional 73 shares during the period. Nuveen Fund Advisors LLC acquired a new position in Blackhawk Network Holdings during the second quarter worth $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 worth $585,000 after buying an additional 977 shares during the period. 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 worth $612,000 after buying an additional 3,661 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.
Blackhawk Network Holdings Company Profile
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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