Blackhawk Network Holdings Inc. (HAWK) to Release Quarterly Earnings on Wednesday
Blackhawk Network Holdings Inc. (NASDAQ:HAWK) is set to announce its earnings results on Wednesday, October 12th. Investors that wish to register for the company’s conference call can do so using this link.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Blackhawk Network Holdings had a net margin of 1.24% and a return on equity of 15.40%. During the same quarter in the prior year, the company 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.
Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) opened at 31.83 on Monday. The company’s 50-day moving average is $31.82 and its 200-day moving average is $33.17. The stock has a market cap of $1.79 billion, a P/E ratio of 78.79 and a beta of 0.67. Blackhawk Network Holdings Inc. has a 12-month low of $28.88 and a 12-month high of $48.40.
HAWK has been the topic of a number of research reports. Zacks Investment Research cut shares of Blackhawk Network Holdings from a “strong-buy” rating to a “hold” rating in a report on Friday, July 29th. Bank of America Corp. reissued a “hold” rating and set a $36.00 target price on shares of Blackhawk Network Holdings in a report on Wednesday, July 20th. Finally, Credit Agricole SA raised shares of Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and increased their target price for the stock 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 company’s stock. Blackhawk Network Holdings presently has an average rating of “Buy” and a consensus target price of $42.75.
In related news, Director Arun Sarin sold 25,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $35.92, for a total value of $898,000.00. Following the sale, the director now owns 40,529 shares of the company’s stock, valued at approximately $1,455,801.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.24% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in HAWK. US Bancorp DE raised its position in shares of 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 in the last quarter. ProShare Advisors LLC raised its position in shares of 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 in the last quarter. Nuveen Fund Advisors LLC bought a new position in shares of Blackhawk Network Holdings during the second quarter worth about $343,000. Prudential Financial Inc. raised its position in shares of 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 in the last quarter. Finally, Clinton Group Inc. raised its position in shares of 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 in the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.
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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