Analysts Anticipate Hallmark Financial Services, Inc. (HALL) Will Post Earnings of $0.07 Per Share

Equities research analysts forecast that Hallmark Financial Services, Inc. (NASDAQ:HALL) will announce earnings per share of $0.07 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hallmark Financial Services’ earnings. The highest EPS estimate is $0.17 and the lowest is ($0.03). Hallmark Financial Services posted earnings of ($0.52) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 113.5%. The business is scheduled to announce its next earnings report on Monday, March 11th.

On average, analysts expect that Hallmark Financial Services will report full year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.90. For the next year, analysts expect that the business will post earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALL) last released its quarterly earnings data on Friday, November 9th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $94.62 million during the quarter, compared to analysts’ expectations of $96.34 million. Hallmark Financial Services had a net margin of 1.22% and a return on equity of 1.55%.

Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research lowered shares of Hallmark Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. TheStreet upgraded shares of Hallmark Financial Services from a “c” rating to a “b” rating in a report on Monday, November 12th. Boenning Scattergood restated a “hold” rating on shares of Hallmark Financial Services in a report on Monday, November 12th. Finally, Raymond James restated a “hold” rating and issued a $13.00 price target on shares of Hallmark Financial Services in a report on Monday, August 13th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Hallmark Financial Services currently has an average rating of “Hold” and an average price target of $12.50.

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in shares of Hallmark Financial Services by 0.8% in the 3rd quarter. Bank of Montreal Can now owns 593,604 shares of the insurance provider’s stock valued at $6,530,000 after purchasing an additional 4,606 shares in the last quarter. Cove Street Capital LLC raised its holdings in shares of Hallmark Financial Services by 0.3% in the 2nd quarter. Cove Street Capital LLC now owns 1,691,533 shares of the insurance provider’s stock valued at $16,881,000 after purchasing an additional 5,210 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Hallmark Financial Services by 6.3% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 135,230 shares of the insurance provider’s stock valued at $1,488,000 after purchasing an additional 8,020 shares in the last quarter. Boston Partners raised its holdings in shares of Hallmark Financial Services by 1.9% in the 2nd quarter. Boston Partners now owns 475,600 shares of the insurance provider’s stock valued at $4,746,000 after purchasing an additional 8,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hallmark Financial Services by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,517,062 shares of the insurance provider’s stock valued at $16,688,000 after purchasing an additional 12,223 shares in the last quarter. Institutional investors and hedge funds own 66.52% of the company’s stock.

Hallmark Financial Services stock opened at $10.90 on Wednesday. The stock has a market capitalization of $200.27 million, a price-to-earnings ratio of -29.46 and a beta of 0.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.45 and a quick ratio of 0.45. Hallmark Financial Services has a 1 year low of $8.62 and a 1 year high of $11.58.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc, through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines of insurance products, including commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products.

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