Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) announced its earnings results on Monday. The credit services provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07, RTT News reports. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The business had revenue of $419.30 million during the quarter, compared to analysts’ expectations of $439.32 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis.
Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.90% during midday trading on Wednesday, reaching $44.20. 1,142,725 shares of the company’s stock traded hands. The stock’s 50 day moving average is $44.01 and its 200-day moving average is $42.68. Blackhawk Network Holdings has a 52 week low of $31.30 and a 52 week high of $46.70. The company’s market capitalization is $2.50 billion.
In related news, insider Joan B. Lockie sold 2,543 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 17,168 shares in the company, valued at approximately $754,018.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David C. Tate sold 18,669 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total value of $800,526.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,212 shares of company stock valued at $4,298,465. 3.80% of the stock is currently owned by corporate insiders.
A number of brokerages recently weighed in on HAWK. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $52.00 price target (up previously from $50.00) on shares of Blackhawk Network Holdings in a research note on Tuesday, September 12th. Craig Hallum reaffirmed a “buy” rating and issued a $58.00 price target on shares of Blackhawk Network Holdings in a research note on Friday, September 1st. BidaskClub raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price target (up previously from $49.00) on shares of Blackhawk Network Holdings in a research note on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Blackhawk Network Holdings presently has a consensus rating of “Buy” and a consensus target price of $46.62.
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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