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Last $38.94 USD
Change Today +0.92 / 2.42%
Volume 357.5K
As of 3:59 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

blackhawk network holdings i (HAWK) Snapshot

Open
$38.26
Previous Close
$38.02
Day High
$38.94
Day Low
$37.87
52 Week High
08/3/15 - $46.13
52 Week Low
09/24/14 - $27.26
Market Cap
2.1B
Average Volume 10 Days
635.8K
EPS TTM
$0.82
Shares Outstanding
54.6M
EX-Date
--
P/E TM
47.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for BLACKHAWK NETWORK HOLDINGS I (HAWK)

blackhawk network holdings i (HAWK) Related Businessweek News

No Related Businessweek News Found

blackhawk network holdings i (HAWK) Details

Blackhawk Network Holdings, Inc. provides a range of prepaid gift, telecom, and debit cards; and related prepaid products and payment services. It distributes closed loop gift cards, including digital media and e-commerce, dining, electronics, entertainment, fashion, gasoline, home improvement, and travel; single-use non-reloadable open loop gift cards; and prepaid wireless or cellular cards used to load airtime onto the prepaid handsets, as well as sells handsets. The company also provides prepaid financial services products, such as general purpose reloadable (GPR) cards comprising Green Dot and NetSpend branded cards, as well as PayPower; and Reloadit, a GPR reload network product that allows consumers to reload funds onto their previously purchased GPR cards. In addition, it offers rebate, incentive, and reward processing and validation services; Cardpool, an online gift card exchange product; and GoWallet, which facilitates the registration of gift cards, tracking of balances, delivery of gift card related offers, and purchase of eGifts online. Further, the company offers card production and packaging services to its prepaid gift and telecom content providers. It distributes its products through grocery, convenience, specialty, and online retailers in the Americas, Europe, Africa, Australia, and Asia. The company was founded in 2001 and is headquartered in Pleasanton, California.

1,860 Employees
Last Reported Date: 03/4/15
Founded in 2001

blackhawk network holdings i (HAWK) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $776.0K
President
Total Annual Compensation: $550.0K
Chief Financial Officer and Chief Administrat...
Total Annual Compensation: $394.0K
Senior Vice President of Products and Marketi...
Total Annual Compensation: $340.0K
Senior Vice President of Sales
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2014.

blackhawk network holdings i (HAWK) Key Developments

Blackhawk Network Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 20, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of Fiscal 2015

Blackhawk Network Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 20, 2015. For the quarter, the company announced total operating revenues of $372,248,000 compared to $283,944,000 for the same period a year ago. Operating income was $10,206,000 compared to $8,941,000 for the same period a year ago. Income before income tax expense was $7,912,000 compared to $8,338,000 for the same period a year ago. Net income attributable to the company was $2,904,000 compared to $5,116,000 for the same period a year ago. Diluted earnings per share were $0.05 compared to $0.09 for the same period a year ago. Net cash used in operating activities was $599,695,000 compared to $411,377,000 for the same period a year ago. Expenditures for property, equipment and technology were $25,622,000 compared to $18,241,000 for the same period a year ago. Adjusted operating revenues were $195,261,000 compared to $134,654,000 for the same period a year ago. EBITDA was $26,284,000 compared to $19,711,000 for the same period a year ago. Adjusted EBITDA was $30,606,000 compared to $21,559,000 for the same period a year ago. Adjusted income before income tax expense was $18,763,000 compared to $14,771,000 for the same period a year ago. Adjusted net income attributable to the company was $21,102,000 compared to $14,821,000 for the same period a year ago. Adjusted diluted earnings per share were $0.38 compared to $0.28 for the same period a year ago. Adjusted net income available for common shareholders was $21,058,000 compared to $14,790,000 for the same period a year ago. Free cash flow was $8,191,000 compared to negative free cash flow of $19,952,000 for the same period a year ago. Operating revenues increase was due to a 19% increase in commissions and fees driven primarily by higher closed loop gift card sales; a 99% increase in program, interchange, marketing and other fees due to strong open loop gift card sales and increased marketing revenues in both the U.S. and international retail segments, growth in the incentives and rewards segment, reflecting the acquisition of Parago in late 2014; and a 27% increase in product sales primarily due to growth at Cardpool. The decrease in net income was driven primarily by higher non-cash stock compensation expense, a one-time litigation credit after-tax of $2.3 million recorded in the second quarter of 2014, increased amortization of acquisition-related intangibles, higher acquisition-related interest expense and a higher tax rate, partially offset by an after-tax non-cash credit of $2.5 million for the reduction in contingent consideration related to the acquisition of CardLab. For the six months, the company announced total operating revenues of $691,979,000 compared to $517,059,000 for the same period a year ago. Operating income was $21,121,000 compared to $4,728,000 for the same period a year ago. Income before income tax expense was $15,269,000 compared to $3,671,000 for the same period a year ago. Net income attributable to the company was $7,610,000 compared to $2,275,000 for the same period a year ago. Diluted earnings per share were $0.14 compared to $0.04 for the same period a year ago. Net cash provided by operating activities was $97,986,000 compared to $105,542,000 for the same period a year ago. Expenditures for property, equipment and technology were $47,090,000 compared to $33,141,000 for the same period a year ago. Adjusted operating revenues were $359,638,000 compared to $245,417,000 for the same period a year ago. EBITDA was $52,593,000 compared to $26,416,000 for the same period a year ago. Adjusted EBITDA was $57,765,000 compared to $33,511,000 for the same period a year ago. Adjusted income before income tax expense was $33,969,000 compared to $20,883,000 for the same period a year ago. Adjusted net income attributable to the company was $40,044,000 compared to $19,997,000 for the same period a year ago. Adjusted diluted earnings per share were $0.72 compared to $0.37 for the same period a year ago. Free cash flow was $49,234,000 compared to $39,960,000 for the same period a year ago. Adjusted net income available for common shareholders was $39,901,000 compared to $19,913,000 for the same period a year ago. The company provided earnings guidance for the third quarter, fourth quarter and full year of fiscal 2015. For the third quarter, the company expects adjusted operating revenues to be in the range of $191 million to $198 million, adjusted EBITDA to be in the range of $21.5 million to $23.5 million, adjusted net income before reduction in cash taxes payable will be in the range of $5.5 million to $6.5 million, adjusted diluted EPS before reduction in cash taxes payable will be in the range of $0.10 to $0.12, adjusted net income will be in the range of $15.7 million to $16.7 million and adjusted diluted EPS will be in the range of $0.28 to $0.30. For the fourth quarter, the company expects adjusted operating revenues to be in the range of $376 million to $403 million, adjusted EBITDA to be in the range of $104 million to $112 million, adjusted net income before reduction in cash taxes payable will be in the range of $53 million to $57 million, adjusted diluted EPS before reduction in cash taxes payable will be in the range of $0.95 to $1.02, adjusted net income will be in the range of $67 million to $72 million and adjusted diluted EPS will be in the range of $1.19 to $1.27. For the year 2015, the company expects adjusted operating revenues to be in the range of $927 million to $961 million, adjusted EBITDA to be in the range of $184 million to $193 million, adjusted net income before reduction in cash taxes payable will be in the range of $80 million to $85 million, adjusted diluted EPS before reduction in cash taxes payable will be in the range of $1.43 to $1.52, adjusted net income will be in the range of $123 million to $128 million and adjusted diluted EPS will be in the range of $2.18 to $2.28. The company expects full year 2015 capital expenditures in the range of $55 million to $58 million when it include the addition of Achievers. 53-week trailing free cash flow is expected to be in the $75 million to $80 million range.

Blackhawk Network Holdings, Inc. to Report Q2, 2015 Results on Jul 21, 2015

Blackhawk Network Holdings, Inc. announced that they will report Q2, 2015 results at 9:22 PM, GMT Standard Time on Jul 21, 2015

Blackhawk Network Holdings, Inc., Q2 2015 Earnings Call, Jul 22, 2015

Blackhawk Network Holdings, Inc., Q2 2015 Earnings Call, Jul 22, 2015

 

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Industry Analysis

HAWK

Industry Average

Valuation HAWK Industry Range
Price/Earnings 41.5x
Price/Sales 1.3x
Price/Book 3.0x
Price/Cash Flow 28.0x
TEV/Sales 0.9x
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