Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) posted its earnings results on Monday. The credit services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07, RTT News reports. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The company had revenue of $419.30 million for the quarter, compared to the consensus estimate of $439.32 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis.
Shares of Blackhawk Network Holdings (HAWK) traded down 0.90% on Wednesday, hitting $44.20. The stock had a trading volume of 1,142,725 shares. Blackhawk Network Holdings has a 1-year low of $31.30 and a 1-year high of $46.70. The firm has a 50-day moving average of $44.01 and a 200 day moving average of $42.68. The company’s market capitalization is $2.50 billion.
In related news, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the sale, the chief financial officer now directly owns 63,280 shares of the company’s stock, valued at $2,857,092. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joan B. Lockie sold 2,543 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $43.92, for a total transaction of $111,688.56. Following the sale, the insider now directly owns 17,168 shares in the company, valued at $754,018.56. The disclosure for this sale can be found here. Insiders sold a total of 96,212 shares of company stock worth $4,298,465 over the last ninety days. Insiders own 3.80% of the company’s stock.
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HAWK has been the topic of several research reports. BMO Capital Markets raised Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and upped their target price for the company from $40.00 to $50.00 in a research report on Wednesday, June 28th. Zacks Investment Research raised Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, July 25th. Bank of America Corporation increased their price target on Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Citigroup Inc. reissued a “buy” rating and set a $47.00 price target on shares of Blackhawk Network Holdings in a research report on Monday, July 17th. Finally, BidaskClub raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.62.
About Blackhawk Network Holdings
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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