Blackhawk Network (HAWK) Getting Somewhat Favorable Media Coverage, Study Shows

Media stories about Blackhawk Network (NASDAQ:HAWK) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackhawk Network earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the credit services provider an impact score of 45.2338928023611 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

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A number of research analysts recently issued reports on the company. Jefferies Group downgraded Blackhawk Network from a “buy” rating to a “hold” rating in a report on Monday, January 29th. SunTrust Banks downgraded Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Citigroup downgraded Blackhawk Network from a “buy” rating to a “hold” rating and set a $45.25 price target on the stock. in a report on Monday, January 22nd. First Analysis downgraded Blackhawk Network from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 23rd. Finally, BMO Capital Markets downgraded Blackhawk Network from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $51.00 to $45.00 in a report on Monday, January 22nd. Fourteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.02.

HAWK stock opened at $44.80 on Monday. Blackhawk Network has a fifty-two week low of $32.60 and a fifty-two week high of $47.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.96. The company has a market cap of $2,547.70, a price-to-earnings ratio of -16.17, a PEG ratio of 4.60 and a beta of 0.71.

Blackhawk Network (NASDAQ:HAWK) last posted its earnings results on Tuesday, February 27th. The credit services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Blackhawk Network had a negative return on equity of 18.94% and a negative net margin of 6.98%. The firm had revenue of $423.18 million for the quarter, compared to the consensus estimate of $384.70 million. analysts expect that Blackhawk Network will post 0.56 EPS for the current year.

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Blackhawk Network Company Profile

Blackhawk Network Holdings, Inc provides a range of prepaid gift, telecom, and debit cards in physical and electronic forms; and related prepaid products and payment services in the United States and internationally. It operates through three segments: U.S. Retail, International, and Incentives & Rewards.

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