Blackhawk Network Holdings, Inc. (HAWK) Issues FY17 Earnings Guidance
Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.56-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.90. The company issued revenue guidance of $2.148-2.312 billion, compared to the consensus revenue estimate of $2.25 billion.
Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at 34.00 on Friday. The firm’s 50 day moving average is $36.96 and its 200-day moving average is $34.91. Blackhawk Network Holdings, Inc. has a 1-year low of $28.88 and a 1-year high of $39.30. The company has a market cap of $1.88 billion, a PE ratio of 89.24 and a beta of 0.57.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings results on Wednesday, February 15th. The company reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.11. Blackhawk Network Holdings had a net margin of 1.15% and a return on equity of 13.30%. The company had revenue of $780.60 million for the quarter, compared to the consensus estimate of $354.80 million. During the same period in the prior year, the company earned $1.26 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Equities analysts expect that Blackhawk Network Holdings, Inc. will post $1.56 earnings per share for the current year.
A number of research analysts have recently weighed in on HAWK shares. TheStreet raised shares of Blackhawk Network Holdings from a hold rating to a buy rating in a research report on Wednesday, November 2nd. Citigroup Inc. downgraded shares of Blackhawk Network Holdings from a buy rating to a neutral rating and set a $41.00 target price for the company. in a research report on Tuesday, January 17th. Guggenheim started coverage on shares of Blackhawk Network Holdings in a report on Wednesday, January 4th. They issued a neutral rating and a $41.00 price objective for the company. BMO Capital Markets started coverage on shares of Blackhawk Network Holdings in a report on Thursday, January 5th. They issued a market perform rating and a $41.00 price objective for the company. Finally, Craig Hallum started coverage on shares of Blackhawk Network Holdings in a report on Wednesday, December 14th. They issued a buy rating and a $50.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Blackhawk Network Holdings presently has an average rating of Hold and a consensus price target of $39.64.
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Blackhawk Network Holdings Company Profile
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.
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