Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.56-1.70 for the period, compared to the Thomson Reuters consensus earnings per share 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.
Blackhawk Network Holdings, Inc. (NASDAQ HAWK) opened at 46.10 on Friday. Blackhawk Network Holdings, Inc. has a 12-month low of $28.88 and a 12-month high of $46.70. The stock’s market capitalization is $2.60 billion. The stock’s 50 day moving average is $43.09 and its 200 day moving average is $39.83.
Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.53%. The company had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue was up 18.4% compared to the same quarter last year. Analysts forecast that Blackhawk Network Holdings, Inc. will post $1.68 EPS for the current year.
Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Blackhawk Network Holdings from a buy rating to a hold rating in a research report on Wednesday, June 21st. Citigroup Inc. raised shares of Blackhawk Network Holdings from a neutral rating to a buy rating and increased their price objective for the stock from $39.00 to $47.00 in a research report on Friday, May 19th. Bank of America Corporation increased their price objective on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a neutral rating in a research report on Thursday. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a hold rating to a sell rating in a research report on Thursday, June 15th. Finally, BMO Capital Markets raised shares of Blackhawk Network Holdings from a market perform rating to an outperform rating and increased their price objective for the stock from $40.00 to $50.00 in a research report on Wednesday, June 28th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $43.07.
In other news, CFO Jerry N. Ulrich sold 30,000 shares of Blackhawk Network Holdings stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $41.90, for a total value of $1,257,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roche L. Talbott Hoskins sold 20,000 shares of Blackhawk Network Holdings stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $41.25, for a total transaction of $825,000.00. Following the completion of the transaction, the insider now directly owns 240,931 shares of the company’s stock, valued at approximately $9,938,403.75. The disclosure for this sale can be found here. In the last three months, insiders sold 77,153 shares of company stock valued at $3,198,121. 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.
Receive News & Ratings for Blackhawk Network Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackhawk Network Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
