Blackhawk Network Holdings Inc (HAWK) is Downgraded by BofA/Merrill to Neutral

Blackhawk Network Holdings Inc (HAWK) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Blackhawk Network Holdings Inc. Blackhawk Network Holdings Inc was Upgraded by CLSA to ” Outperform” on Sep 21, 2016. Blackhawk Network Holdings Inc was Upgraded by BofA/Merrill to ” Buy” on Jul 22, 2016.

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 closed down -0.07 points or -0.23% at $29.92 with 3,76,015 shares getting traded on Tuesday. Post opening the session at $29.92, the shares hit an intraday low of $29.605 and an intraday high of $30.08 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 1, 2016, Arun Sarin (director) sold 25,000 shares at $35.92 per share price. According to the SEC, on May 19, 2016, Joan B Lockie (Chief Accounting Officer) sold 403 shares at $31.77 per share price. On Nov 12, 2015, Roche L Talbott Hoskins (President) sold 17,500 shares at $45.26 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.

Blackhawk Network Holdings Inc

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