Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) – Investment analysts at Jefferies Group lifted their Q1 2018 EPS estimates for shares of Blackhawk Network Holdings in a note issued to investors on Wednesday. Jefferies Group analyst R. El-Assal now anticipates that the credit services provider will earn ($0.18) per share for the quarter, up from their prior estimate of ($0.24). Jefferies Group has a “Buy” rating and a $53.00 price target on the stock. Jefferies Group also issued estimates for Blackhawk Network Holdings’ Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at $1.13 EPS and FY2018 earnings at $0.71 EPS.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly 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. The company had revenue of $419.30 million for the quarter, compared to analyst estimates of $439.32 million. Blackhawk Network Holdings had a positive return on equity of 4.12% and a negative net margin of 0.14%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share.
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Blackhawk Network Holdings (NASDAQ:HAWK) traded up $0.20 on Monday, reaching $36.05. The company’s stock had a trading volume of 1,196,800 shares, compared to its average volume of 651,358. The firm has a market capitalization of $2,040.00, a price-to-earnings ratio of 62.90, a price-to-earnings-growth ratio of 5.76 and a beta of 0.45. Blackhawk Network Holdings has a 52 week low of $32.60 and a 52 week high of $46.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86.
Several institutional investors have recently bought and sold shares of HAWK. OppenheimerFunds Inc. purchased a new stake in shares of Blackhawk Network Holdings in the first quarter valued at approximately $294,000. Teachers Advisors LLC boosted its stake in shares of Blackhawk Network Holdings by 2.3% in the first quarter. Teachers Advisors LLC now owns 92,856 shares of the credit services provider’s stock valued at $3,770,000 after buying an additional 2,106 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Blackhawk Network Holdings in the first quarter valued at approximately $8,650,000. BlackRock Inc. boosted its stake in shares of Blackhawk Network Holdings by 71,649.0% in the first quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock valued at $138,718,000 after buying an additional 3,411,926 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Blackhawk Network Holdings by 3.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 234,773 shares of the credit services provider’s stock valued at $9,532,000 after buying an additional 6,816 shares in the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.
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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