Blackhawk Network Holdings Inc (HAWK) Expected to Post Quarterly Sales of $233.88 Million

Wall Street brokerages expect Blackhawk Network Holdings Inc (NASDAQ:HAWK) to announce sales of $233.88 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Blackhawk Network’s earnings, with the lowest sales estimate coming in at $224.82 million and the highest estimate coming in at $244.30 million. Blackhawk Network posted sales of $235.47 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.7%. The company is expected to issue its next quarterly earnings report on Wednesday, July 18th.

On average, analysts expect that Blackhawk Network will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $1.03 billion to $1.14 billion. For the next financial year, analysts forecast that the firm will post sales of $1.20 billion per share, with estimates ranging from $1.17 billion to $1.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Blackhawk Network.

Blackhawk Network (NASDAQ:HAWK) last released its earnings results on Tuesday, May 1st. The credit services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). The firm had revenue of $193.57 million during the quarter, compared to analysts’ expectations of $214.25 million. Blackhawk Network had a negative net margin of 7.01% and a negative return on equity of 21.14%.

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. BidaskClub upgraded Blackhawk Network from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Argus downgraded Blackhawk Network from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a research report on Wednesday, April 25th. Finally, Mizuho restated a “hold” rating and issued a $36.00 target price on shares of Blackhawk Network in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $46.02.

Shares of NASDAQ HAWK traded up $0.10 during midday trading on Monday, hitting $45.15. The stock had a trading volume of 1,001,800 shares, compared to its average volume of 1,638,010. The company has a market cap of $2.58 billion, a PE ratio of -16.30 and a beta of 0.72. Blackhawk Network has a 1 year low of $32.60 and a 1 year high of $47.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.91 and a quick ratio of 0.91.

Several large investors have recently bought and sold shares of HAWK. Vivaldi Asset Management LLC increased its holdings in shares of Blackhawk Network by 391.3% in the first quarter. Vivaldi Asset Management LLC now owns 857,667 shares of the credit services provider’s stock valued at $38,338,000 after purchasing an additional 683,084 shares during the last quarter. Cowen Inc. acquired a new stake in shares of Blackhawk Network in the first quarter valued at approximately $29,509,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Blackhawk Network in the first quarter valued at approximately $28,487,000. Millennium Management LLC increased its holdings in shares of Blackhawk Network by 1,722.5% in the fourth quarter. Millennium Management LLC now owns 646,573 shares of the credit services provider’s stock valued at $23,050,000 after purchasing an additional 611,095 shares during the last quarter. Finally, Natixis acquired a new stake in shares of Blackhawk Network in the first quarter valued at approximately $27,132,000. 95.50% of the stock is owned by hedge funds and other institutional investors.

About Blackhawk Network

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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