Analysts expect Blackhawk Network Holdings Inc (NASDAQ:HAWK) to post $384.70 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Blackhawk Network’s earnings. The lowest sales estimate is $373.82 million and the highest is $394.80 million. Blackhawk Network posted sales of $352.01 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The business is expected to announce its next earnings results on Wednesday, February 21st.
On average, analysts expect that Blackhawk Network will report full-year sales of $384.70 million for the current fiscal year, with estimates ranging from $972.90 million to $1.07 billion. For the next year, analysts expect that the firm will post sales of $1.09 billion per share, with estimates ranging from $1.03 billion to $1.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Blackhawk Network.
A number of research firms recently issued reports on HAWK. SunTrust Banks downgraded shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BidaskClub upgraded shares of Blackhawk Network from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Group downgraded shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Monday, January 29th. First Analysis downgraded shares of Blackhawk Network from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 23rd. Finally, BMO Capital Markets decreased their price objective on shares of Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Thirteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $47.27.
Blackhawk Network (NASDAQ HAWK) traded down $0.15 during midday trading on Monday, reaching $44.85. 2,582,718 shares of the company were exchanged, compared to its average volume of 3,671,078. Blackhawk Network has a 1-year low of $32.60 and a 1-year high of $47.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $2,550.00, a P/E ratio of -498.33, a PEG ratio of 5.40 and a beta of 0.73.
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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