Analysts forecast that Hallmark Financial Services, Inc. (NASDAQ:HALL) will announce sales of $97.87 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hallmark Financial Services’ earnings, with the highest sales estimate coming in at $98.10 million and the lowest estimate coming in at $97.64 million. Hallmark Financial Services posted sales of $95.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 3%. The business is expected to announce its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Hallmark Financial Services will report full-year sales of $97.87 million for the current financial year, with estimates ranging from $382.21 million to $382.70 million. For the next year, analysts anticipate that the firm will report sales of $409.72 million per share, with estimates ranging from $408.33 million to $411.10 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Hallmark Financial Services.
Hallmark Financial Services (NASDAQ:HALL) last posted its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). The business had revenue of $94.72 million during the quarter, compared to analyst estimates of $97.87 million. Hallmark Financial Services had a negative net margin of 1.19% and a negative return on equity of 0.42%.
Several equities analysts recently issued reports on HALL shares. Zacks Investment Research raised Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Boenning Scattergood started coverage on Hallmark Financial Services in a report on Tuesday, January 9th. They set a “neutral” rating for the company.
Hallmark Financial Services (HALL) opened at $9.91 on Monday. Hallmark Financial Services has a 1-year low of $9.90 and a 1-year high of $11.83. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.33.
Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in Hallmark Financial Services by 73.3% during the third quarter. Wells Fargo & Company MN now owns 13,921 shares of the insurance provider’s stock worth $161,000 after purchasing an additional 5,889 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Hallmark Financial Services during the second quarter worth $190,000. Alliancebernstein L.P. raised its holdings in Hallmark Financial Services by 11.2% during the second quarter. Alliancebernstein L.P. now owns 18,800 shares of the insurance provider’s stock worth $212,000 after purchasing an additional 1,900 shares during the last quarter. Teachers Advisors LLC raised its holdings in Hallmark Financial Services by 6.8% during the second quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock worth $315,000 after purchasing an additional 1,769 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Hallmark Financial Services by 161.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 28,986 shares of the insurance provider’s stock worth $327,000 after purchasing an additional 17,886 shares during the last quarter. 65.05% of the stock is owned by hedge funds and other institutional investors.
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About Hallmark Financial Services
Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.
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