Equities analysts expect Blackhawk Network Holdings Inc (NASDAQ:HAWK) to report $384.70 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Blackhawk Network’s earnings, with the lowest sales estimate coming in at $373.82 million and the highest estimate coming in at $394.80 million. Blackhawk Network reported sales of $352.01 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Blackhawk Network will report full year sales of $384.70 million for the current financial year, with estimates ranging from $972.90 million to $1.07 billion. For the next year, analysts expect that the business will report sales of $1.09 billion per share, with estimates ranging from $1.03 billion to $1.18 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Blackhawk Network.

HAWK has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Blackhawk Network from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, December 13th. SunTrust Banks set a $43.00 price objective on shares of Blackhawk Network and gave the stock a “buy” rating in a research report on Thursday, October 12th. Argus cut their price objective on shares of Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Deutsche Bank reaffirmed a “buy” rating and set a $51.00 price objective on shares of Blackhawk Network in a research report on Friday, November 3rd. Finally, Craig Hallum cut shares of Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Blackhawk Network presently has a consensus rating of “Hold” and an average price target of $47.92.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its stake in Blackhawk Network by 11.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 305,251 shares of the credit services provider’s stock worth $10,883,000 after acquiring an additional 31,518 shares in the last quarter. Atlantic Trust Group LLC acquired a new position in shares of Blackhawk Network in the third quarter valued at approximately $1,608,000. Parametric Portfolio Associates LLC increased its stake in shares of Blackhawk Network by 21.1% in the third quarter. Parametric Portfolio Associates LLC now owns 360,431 shares of the credit services provider’s stock valued at $15,787,000 after buying an additional 62,822 shares during the period. AXA increased its stake in shares of Blackhawk Network by 52.5% in the third quarter. AXA now owns 151,300 shares of the credit services provider’s stock valued at $6,627,000 after buying an additional 52,100 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Blackhawk Network by 48.2% in the third quarter. Public Employees Retirement System of Ohio now owns 36,373 shares of the credit services provider’s stock valued at $1,593,000 after buying an additional 11,826 shares during the period. 96.68% of the stock is owned by hedge funds and other institutional investors.

Blackhawk Network (HAWK) traded down $0.10 on Friday, reaching $45.15. 7,488,300 shares of the company traded hands, compared to its average volume of 4,756,200. Blackhawk Network has a 1-year low of $32.60 and a 1-year high of $46.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $2,570.00, a PE ratio of -501.67, a price-to-earnings-growth ratio of 5.41 and a beta of 0.48.

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Blackhawk Network 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.

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