Zacks: Analysts Expect Blackhawk Network Holdings Inc (HAWK) Will Announce Quarterly Sales of $384.70 Million

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.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Blackhawk Network by 2.4% in the second quarter. Vanguard Group Inc. now owns 4,523,748 shares of the credit services provider’s stock worth $197,236,000 after purchasing an additional 105,653 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Blackhawk Network by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,751,904 shares of the credit services provider’s stock valued at $76,733,000 after acquiring an additional 40,322 shares during the period. River Road Asset Management LLC boosted its position in shares of Blackhawk Network by 3.2% in the fourth quarter. River Road Asset Management LLC now owns 1,408,465 shares of the credit services provider’s stock valued at $50,212,000 after acquiring an additional 43,885 shares during the period. State Street Corp boosted its position in shares of Blackhawk Network by 6.7% in the second quarter. State Street Corp now owns 1,094,994 shares of the credit services provider’s stock valued at $47,740,000 after acquiring an additional 68,362 shares during the period. Finally, Elk Creek Partners LLC boosted its position in shares of Blackhawk Network by 3.4% in the third quarter. Elk Creek Partners LLC now owns 771,162 shares of the credit services provider’s stock valued at $33,777,000 after acquiring an additional 25,156 shares during the period. Hedge funds and other institutional investors own 94.75% of the company’s stock.

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.

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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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