Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Releases FY17 Earnings Guidance
Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.56-1.70 for the period, compared to the Thomson Reuters consensus estimate of $1.65. The company issued revenue guidance of $2.148-2.312 billion, compared to the consensus revenue estimate of $2.24 billion.Blackhawk Network Holdings also updated its Q3 guidance to $0.07-0.11 EPS.
Shares of Blackhawk Network Holdings, Inc. (HAWK) traded down 0.80% during trading on Wednesday, hitting $43.45. 738,604 shares of the stock traded hands. Blackhawk Network Holdings, Inc. has a 52 week low of $28.88 and a 52 week high of $44.90. The firm’s market cap is $2.45 billion. The company has a 50-day moving average of $42.98 and a 200-day moving average of $39.75.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The firm had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. Blackhawk Network Holdings had a positive return on equity of 8.36% and a negative net margin of 0.27%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, analysts forecast that Blackhawk Network Holdings, Inc. will post $1.65 EPS for the current fiscal year.
Several brokerages recently issued reports on HAWK. Citigroup Inc. reiterated a buy rating and set a $47.00 price target on shares of Blackhawk Network Holdings in a report on Monday. BidaskClub downgraded Blackhawk Network Holdings from a buy rating to a hold rating in a report on Wednesday. Zacks Investment Research upgraded Blackhawk Network Holdings from a sell rating to a hold rating in a report on Tuesday, July 4th. Mizuho assumed coverage on Blackhawk Network Holdings in a report on Tuesday, June 27th. They set a buy rating and a $50.00 price target for the company. Finally, TheStreet downgraded Blackhawk Network Holdings from a b- rating to a c rating in a research note on Tuesday, June 20th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $42.00.
In other news, Director Robert B. Henske purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were purchased at an average price of $41.57 per share, with a total value of $145,495.00. Following the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at $187,065. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Roche L. Talbott Hoskins sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $41.25, for a total value of $825,000.00. Following the transaction, the insider now directly owns 240,931 shares in the company, valued at approximately $9,938,403.75. The disclosure for this sale can be found here. Insiders have sold a total of 77,153 shares of company stock worth $3,198,121 in the last ninety days. Insiders own 3.80% of the company’s stock.
About Blackhawk Network Holdings
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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