Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) released its quarterly earnings data on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07, RTT News reports. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.12%. The business had revenue of $419.30 million during the quarter, compared to analyst estimates of $439.32 million. During the same period in the previous year, the business earned $0.14 EPS. Blackhawk Network Holdings’s revenue was up 16.0% compared to the same quarter last year. Blackhawk Network Holdings updated its FY17 guidance to $1.56-1.70 EPS.
Shares of Blackhawk Network Holdings (HAWK) traded up 2.78% on Friday, hitting $35.15. 1,676,415 shares of the stock traded hands. The stock’s market cap is $1.99 billion. Blackhawk Network Holdings has a 52-week low of $32.60 and a 52-week high of $46.70. The stock’s 50 day moving average price is $42.17 and its 200 day moving average price is $42.38.
A number of research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Blackhawk Network Holdings from $52.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Mizuho lowered shares of Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research report on Wednesday. Argus dropped their price objective on shares of Blackhawk Network Holdings from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Thursday. Finally, BidaskClub raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Blackhawk Network Holdings presently has an average rating of “Hold” and an average price target of $47.23.
In other Blackhawk Network Holdings news, CFO Jerry N. Ulrich sold 75,000 shares of Blackhawk Network Holdings stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 63,280 shares in the company, valued at approximately $2,857,092. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David C. Tate sold 18,669 shares of Blackhawk Network Holdings stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total transaction of $800,526.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,212 shares of company stock worth $4,298,465. 3.80% of the stock is owned by insiders.
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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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