Blackhawk Network Holdings, Inc. (HAWK) Updates FY17 Earnings Guidance

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.56-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.68. The company issued revenue guidance of $2.169-2.262 billion, compared to the consensus revenue estimate of $2.29 billion.

Shares of Blackhawk Network Holdings, Inc. (NASDAQ HAWK) opened at 44.20 on Thursday. Blackhawk Network Holdings, Inc. has a 52-week low of $31.30 and a 52-week high of $46.70. The stock has a 50 day moving average of $44.01 and a 200 day moving average of $42.68. The company’s market cap is $2.50 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The company had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. During the same quarter last year, the business earned $0.14 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts expect that Blackhawk Network Holdings, Inc. will post $1.68 EPS for the current year.

Several research firms have recently issued reports on HAWK. UBS AG cut shares of Blackhawk Network Holdings from an outperform rating to a market perform rating in a research report on Thursday. Zacks Investment Research lowered shares of Blackhawk Network Holdings from a buy rating to a hold rating in a report on Wednesday, September 20th. BMO Capital Markets reissued an outperform rating and issued a $52.00 target price (up from $50.00) on shares of Blackhawk Network Holdings in a report on Tuesday, September 12th. Craig Hallum reaffirmed a buy rating and set a $58.00 price objective on shares of Blackhawk Network Holdings in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Blackhawk Network Holdings from a sell rating to a hold rating in a research note on Thursday, August 17th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Blackhawk Network Holdings presently has a consensus rating of Buy and a consensus target price of $46.62.

In related news, SVP David C. Tate sold 18,669 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jerry N. Ulrich sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total value of $3,386,250.00. Following the completion of the sale, the chief financial officer now owns 63,280 shares in the company, valued at approximately $2,857,092. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,212 shares of company stock worth $4,298,465. Corporate insiders own 3.80% of the company’s stock.

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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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