Analysts expect Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) to post $1.28 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Blackhawk Network Holdings’ earnings, with estimates ranging from $1.25 to $1.31. Blackhawk Network Holdings reported earnings per share of $1.00 during the same quarter last year, which would indicate a positive year-over-year growth rate of 28%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that Blackhawk Network Holdings will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.65. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.80 to $2.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Blackhawk Network Holdings.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. Blackhawk Network Holdings had a positive return on equity of 4.12% and a negative net margin of 0.14%. The firm had revenue of $419.30 million for the quarter, compared to analyst estimates of $439.32 million. During the same period last year, the company earned $0.14 earnings per share. Blackhawk Network Holdings’s revenue for the quarter was up 16.0% compared to the same quarter last year.
Several brokerages have commented on HAWK. Deutsche Bank AG reissued a “buy” rating and issued a $51.00 price objective on shares of Blackhawk Network Holdings in a report on Friday. Zacks Investment Research raised Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Mizuho lowered Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a report on Wednesday, October 18th. Argus dropped their price objective on Blackhawk Network Holdings from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Finally, BMO Capital Markets dropped their price objective on Blackhawk Network Holdings from $52.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Blackhawk Network Holdings currently has an average rating of “Buy” and a consensus price target of $47.62.
Shares of Blackhawk Network Holdings (HAWK) traded down $0.85 on Tuesday, reaching $34.15. The company’s stock had a trading volume of 1,148,102 shares, compared to its average volume of 1,110,000. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. Blackhawk Network Holdings has a one year low of $32.60 and a one year high of $46.70. The firm has a market capitalization of $1,970.00, a price-to-earnings ratio of 61.49, a P/E/G ratio of 5.63 and a beta of 0.45.
Institutional investors have recently made changes to their positions in the stock. Strs Ohio lifted its position in Blackhawk Network Holdings by 38.9% during the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after buying an additional 700 shares in the last quarter. Horrell Capital Management Inc. purchased a new position in Blackhawk Network Holdings during the second quarter worth approximately $121,000. Aperio Group LLC purchased a new position in Blackhawk Network Holdings during the third quarter worth approximately $205,000. Prudential Financial Inc. purchased a new position in Blackhawk Network Holdings during the second quarter worth approximately $207,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in Blackhawk Network Holdings during the second quarter worth approximately $213,000. Hedge funds and other institutional investors own 95.80% of the company’s stock.
Blackhawk Network Holdings 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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