Blackhawk Network Holdings Inc (HAWK) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 22, 2016.
Many Wall Street Analysts have commented on Blackhawk Network Holdings Inc. Shares were Reiterated by Wedbush on Apr 28, 2016 to “Neutral” and Lowered the Price Target to $ 30 from a previous price target of $33 .
On the company’s financial health, Blackhawk Network Holdings Inc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.29. The company had revenue of $391.20 million for the quarter, compared to analysts expectations of $390.24 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Blackhawk Network Holdings Inc opened for trading at $35.56 and hit $36.52 on the upside on Wednesday, eventually ending the session at $35.81, with a gain of 5.11% or 1.74 points. The heightened volatility saw the trading volume jump to 24,90,890 shares. Company has a market cap of $2,010 M.
In a different news, on May 19, 2016, Joan B Lockie (Chief Accounting Officer) sold 403 shares at $31.77 per share price. According to the SEC, on Nov 12, 2015, Roche L Talbott Hoskins (President) sold 17,500 shares at $45.26 per share price. On Nov 12, 2015, William Y Tauscher (Chief Executive Officer) sold 69,457 shares at $45.17 per share price, according to the Form-4 filing with the securities and exchange commission.
Blackhawk Network Holdings Inc. (Blackhawk) is a prepaid payment network. The Company offers 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 21 other countries. It operates in two segments: US Retail and Incentives & Rewards and International Retail. US Retail and Incentives & Rewards segment consists of the various operating segments of its United States retail products online channel secondary card market and incentive and reward solutions and derives revenues from sales of prepaid products to consumers at its United States retail distribution partners online and through its card exchange and prepaid products to consumers through business clients. Its International Retail segment consists of the various operating segments of its geographic regions and derives revenues from sales of prepaid products to consumers at its international retail distribution partners.