Analysts Anticipate Hallmark Financial Services, Inc. (HALL) to Announce $0.20 Earnings Per Share

Equities research analysts expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to report $0.20 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Hallmark Financial Services’ earnings. Hallmark Financial Services reported earnings of ($0.09) per share during the same quarter last year, which would suggest a positive year over year growth rate of 322.2%. The business is expected to report its next earnings results on Wednesday, November 14th.

On average, analysts expect that Hallmark Financial Services will report full-year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.90. For the next financial year, analysts forecast that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.95 to $1.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALL) last posted its earnings results on Tuesday, August 7th. The insurance provider reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. The company had revenue of $96.43 million for the quarter, compared to the consensus estimate of $99.41 million. Hallmark Financial Services had a negative return on equity of 0.69% and a negative net margin of 1.67%.

A number of analysts have commented on HALL shares. ValuEngine upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday. Raymond James reiterated a “hold” rating and set a $13.00 target price on shares of Hallmark Financial Services in a research report on Monday, August 13th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Hallmark Financial Services in a research report on Wednesday, August 8th.

A number of institutional investors and hedge funds have recently bought and sold shares of HALL. Russell Investments Group Ltd. boosted its position in Hallmark Financial Services by 3.0% during the first quarter. Russell Investments Group Ltd. now owns 566,780 shares of the insurance provider’s stock worth $5,056,000 after purchasing an additional 16,459 shares in the last quarter. Boston Partners lifted its position in shares of Hallmark Financial Services by 1.9% in the second quarter. Boston Partners now owns 475,600 shares of the insurance provider’s stock valued at $4,746,000 after acquiring an additional 8,800 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Hallmark Financial Services by 9.0% in the second quarter. Renaissance Technologies LLC now owns 289,900 shares of the insurance provider’s stock valued at $2,893,000 after acquiring an additional 24,000 shares in the last quarter. Intrepid Capital Management Inc. lifted its position in shares of Hallmark Financial Services by 100.4% in the second quarter. Intrepid Capital Management Inc. now owns 979,797 shares of the insurance provider’s stock valued at $9,778,000 after acquiring an additional 490,924 shares in the last quarter. Finally, Cove Street Capital LLC lifted its position in shares of Hallmark Financial Services by 0.3% in the second quarter. Cove Street Capital LLC now owns 1,691,533 shares of the insurance provider’s stock valued at $16,881,000 after acquiring an additional 5,210 shares in the last quarter. Institutional investors own 66.08% of the company’s stock.

HALL traded down $0.01 during trading on Thursday, reaching $10.96. 217 shares of the stock were exchanged, compared to its average volume of 25,855. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $198.65 million, a price-to-earnings ratio of -29.62 and a beta of 0.78. Hallmark Financial Services has a 1 year low of $8.62 and a 1 year high of $11.69.

About Hallmark Financial Services

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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