Wedbush Remains Sidelined on Blackhawk Network (HAWK) Following Mixed 3Q
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Wedbush reiterated a Neutral rating and $30.00 price target on Blackhawk Network (NASDAQ: HAWK) following the company's 3Q earnings report. Operating Revenue of $169m missed consensus expectations of $189m. However, Non-GAAP EPS of $0.14 came in ahead of consensus estimates of $0.09 and the guidance range of $0.05-$0.11.
Analyst Gil Luria commented, "Adjusted Operating Revenue of $169m missed consensus expectations of $189m and the guidance range of $172-$193m. AOR miss was attributed to continued weakness due to EMV compliance issues at a number of their Grocery distribution channels and Cardpool shortfall due to disruptions at a kiosk distribution partner. Non-GAAP EPS of $0.14 topped consensus of $0.09 and the guidance range of $0.05-$0.11 due to mix shift and lower interest expense and tax rate."
Shares of Blackhawk Network closed at $34.09 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wedbush Raises price Target on NCR Corp. (NCR) Following 3Q; Reiterates Neutral
- Edwards Lifesciences (EW) PT Lowered to $114 at Stifel, 'Buy' Kept
- Sprint (S) PT Raised to $4.50 at Jefferies
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View
Related EntitiesEarnings, Gil Luria
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!