Blackhawk Network (HAWK) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about Blackhawk Network (NASDAQ:HAWK) has been trending somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Blackhawk Network earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the credit services provider an impact score of 46.4807090288465 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Belk Partners with CashStar to Launch Enhanced Online Gifting Strategy in Time for the Holiday Season – Digital Journal (digitaljournal.com)
- BCD Meetings & Events Acquires Grass Roots Meetings & Events (successfulmeetings.com)
- Petrus Trust Company Lta Has Lowered Its Blackhawk Network Hldgs (HAWK) Holding; Ameris Bancorp (ABCB) Has … – Hill Country Times (hillcountrytimes.com)
- Blackhawk Network (HAWK) to Sell Grass Roots Meetings & Events Business – StreetInsider.com (streetinsider.com)
A number of brokerages have weighed in on HAWK. Zacks Investment Research upgraded Blackhawk Network from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, December 13th. BMO Capital Markets reduced their price objective on Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. SunTrust Banks set a $43.00 price objective on Blackhawk Network and gave the company a “buy” rating in a research note on Thursday, October 12th. Argus dropped their target price on Blackhawk Network from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Finally, Mizuho lowered Blackhawk Network from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Blackhawk Network has a consensus rating of “Buy” and a consensus price target of $46.69.
Blackhawk Network (NASDAQ:HAWK) last released its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. Blackhawk Network had a positive return on equity of 4.12% and a negative net margin of 0.14%. The business had revenue of $419.30 million for the quarter, compared to analyst estimates of $439.32 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. sell-side analysts forecast that Blackhawk Network will post 0.41 EPS for the current year.
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Blackhawk Network Company Profile
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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