Blackhawk Network (HAWK) Getting Somewhat Favorable News Coverage, Report Shows

Headlines about Blackhawk Network (NASDAQ:HAWK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Blackhawk Network earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the credit services provider an impact score of 46.4847995634898 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern’s analysis:

Blackhawk Network (HAWK) opened at $36.85 on Thursday. 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 has a 52-week low of $32.60 and a 52-week high of $46.70. The stock has a market capitalization of $2,090.00, a P/E ratio of -409.44, a price-to-earnings-growth ratio of 3.59 and a beta of 0.48.

Blackhawk Network (NASDAQ:HAWK) last released its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network had a positive return on equity of 4.12% and a negative net margin of 0.14%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. sell-side analysts forecast that Blackhawk Network will post 0.41 earnings per share for the current fiscal year.

Several research analysts recently commented on the company. BidaskClub raised Blackhawk Network from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 30th. BMO Capital Markets decreased their price target on Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating for the company in a report on Friday, October 13th. SunTrust Banks set a $43.00 target price on Blackhawk Network and gave the company a “buy” rating in a report on Thursday, October 12th. Argus reduced their target price on Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Finally, Mizuho downgraded Blackhawk Network from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.17.

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About Blackhawk Network

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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