Brokerages Expect Blackhawk Network Holdings Inc (HAWK) Will Announce Earnings of $1.27 Per Share

Equities analysts expect Blackhawk Network Holdings Inc (NASDAQ:HAWK) to announce earnings of $1.27 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Blackhawk Network’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.24. Blackhawk Network reported earnings of $1.00 per share in the same quarter last year, which suggests a positive year over year growth rate of 27%. The company is expected to issue its next earnings report on Wednesday, February 21st.

On average, analysts expect that Blackhawk Network will report full year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.65. For the next fiscal year, analysts anticipate that the company will report earnings of $1.95 per share, with EPS estimates ranging from $1.80 to $2.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Blackhawk Network.

Several equities analysts have recently weighed in on the stock. Argus reduced their price objective on shares of Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. BidaskClub upgraded shares of Blackhawk Network from a “sell” rating to a “hold” rating in a research report on Thursday. SunTrust Banks lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Raymond James Financial restated a “market perform” rating on shares of Blackhawk Network in a research report on Thursday, October 12th. Finally, BMO Capital Markets reduced their price objective on shares of Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $47.27.

A number of hedge funds have recently bought and sold shares of the business. Amalgamated Bank lifted its stake in Blackhawk Network by 4.8% during the second quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock valued at $308,000 after buying an additional 326 shares in the last quarter. Comerica Bank lifted its stake in Blackhawk Network by 11.3% during the fourth quarter. Comerica Bank now owns 24,504 shares of the credit services provider’s stock valued at $1,127,000 after buying an additional 2,486 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Blackhawk Network by 33.4% during the third quarter. Principal Financial Group Inc. now owns 10,149 shares of the credit services provider’s stock valued at $445,000 after buying an additional 2,539 shares in the last quarter. Legal & General Group Plc lifted its stake in Blackhawk Network by 13.3% during the third quarter. Legal & General Group Plc now owns 21,849 shares of the credit services provider’s stock valued at $957,000 after buying an additional 2,567 shares in the last quarter. Finally, American International Group Inc. lifted its stake in Blackhawk Network by 8.1% during the third quarter. American International Group Inc. now owns 36,679 shares of the credit services provider’s stock valued at $1,607,000 after buying an additional 2,742 shares in the last quarter. 94.75% of the stock is owned by institutional investors.

Blackhawk Network (NASDAQ:HAWK) traded down $0.15 during trading hours on Friday, hitting $44.85. 2,582,718 shares of the stock traded hands, compared to its average volume of 3,671,078. Blackhawk Network has a one year low of $32.60 and a one year high of $47.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $2,550.00, a price-to-earnings ratio of -498.33, a price-to-earnings-growth ratio of 5.40 and a beta of 0.73.

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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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