Blackhawk Network Holdings, Inc. (HAWK) Updates FY17 Earnings Guidance

Cornelia Mascio
Ottobre 13, 2017

Including today's unusual volume, Blackhawk Network Holdings, Inc.'s stock is performing at 17.32% on the year.

Several hedge funds have recently modified their holdings of HAWK.

On 5/30/2017, Stockdale Securities released a statement on Blackhawk Network (LON:HAWK) upped the target price from 0.00GBX to 1.70GBX that suggested an upside of 1.12%. Credit Suisse downgraded the shares of HAWK in report on Thursday, February 16 to "Neutral" rating.

Total shares held by institutions as of the most recent company filings are 53,473,615 with a reported 3,044,629 bought and 8,024,796 sold.

In terms of earnings per share, 11 analysts have a 1.41 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 8 analysts have a 0.09 EPS mean target and for the quarter ending Mar-18 there are 13 estimates of 1.68 EPS. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. The company has an average rating of "Buy" and a consensus target price of $46.31.

In the last earnings report the EPS was $-0.01 and is projected to be $1.68 for the current year with 56,654,000 shares outstanding. Horrell Capital Management Inc. acquired a new stake in shares of Blackhawk Network Holdings during the 2nd quarter valued at about $121,000. The firm had revenue of $419.30 million during the quarter, compared to analysts' expectations of $439.32 million.

In related news, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. Moreover, Wheatland Advisors Inc has 3.67% invested in the company for 89,586 shares. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Following the completion of the transaction, the chief financial officer now owns 63,280 shares of the company's stock, valued at $2,857,092. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The disclosure for this sale can be found here. The Connecticut-based Hartford Mngmt Company has invested 0.09% in Incyte Corporation (NASDAQ:INCY). Brean Capital maintained the shares of INCY in report on Wednesday, August 5 with "Buy" rating.

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At the moment 15 analysts are watching Blackhawk Network Holdings, Inc.

Investors are on alert as CASI Pharmaceuticals, Inc. The Firm operates through three divisions: U.S. It now has negative earnings. The US Retail segment consists of the various operating segments of the United States retail products, third-party online distribution channel and secondary card market and is engaged in sales of prepaid products to consumers through these channels.

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