Zacks: Brokerages expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to report earnings per share of $0.10


Equity analysts expect Hallmark Financial Services, Inc. (NASDAQ:HALL – Get Rating) to post earnings of $0.10 per share for the current quarter, reports Zacks Investment Research. Two analysts have made earnings estimates for Hallmark Financial Services. Hallmark Financial Services reported earnings of $0.27 per share in the same quarter last year, indicating a negative 63% year-over-year growth rate. The company is due to announce its next earnings report on Monday, January 1.

According to Zacks, analysts expect Hallmark Financial Services to report annual earnings of $0.30 per share for the current fiscal year. For next year, analysts expect the company to post earnings of $0.65 per share. Zacks’ EPS calculations are an average average based on a survey of research firms that provide coverage for Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALL – Get Rating) last released its quarterly results on Wednesday, March 16. The insurance provider reported ($0.19) earnings per share for the quarter, missing analyst consensus estimates of ($0.04) by ($0.15). Hallmark Financial Services posted a return on equity of 0.94% and a net margin of 2.38%.

A number of equity research analysts have recently released reports on HALL shares. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “strong sell” rating in a Thursday, March 24 research note. StockNews.com began covering Hallmark Financial Services in a research note on Thursday. They have placed a “holding” rating on the stock.

A number of institutional investors and hedge funds have been buying and selling stocks recently. BlackRock Inc. increased its stake in Hallmark Financial Services by 2.1% in Q4. BlackRock Inc. now owns 265,433 shares of the insurance provider valued at $1,155,000 after acquiring an additional 5,470 shares during the period. Two Sigma Advisers LP increased its stake in Hallmark Financial Services by 4.0% in Q3. Two Sigma Advisers LP now owns 160,700 shares of the insurance provider valued at $587,000 after acquiring an additional 6,200 shares during the period. Geode Capital Management LLC increased its stake in Hallmark Financial Services by 5.2% in the third quarter. Geode Capital Management LLC now owns 148,861 shares of the insurance provider valued at $543,000 after acquiring an additional 7,387 shares during the period. Northern Trust Corp increased its stake in Hallmark Financial Services by 15.3% in the fourth quarter. Northern Trust Corp now owns 45,093 shares of the insurance provider valued at $196,000 after acquiring an additional 5,976 shares during the period. Finally, Morgan Stanley increased its stake in Hallmark Financial Services by 23.5% in the second quarter. Morgan Stanley now owns 33,184 shares of the insurance provider valued at $148,000 after acquiring an additional 6,308 shares during the period. Institutional investors and hedge funds own 19.12% of the company’s shares.

Shares of Hallmark Financial Services opened at $3.35 on Tuesday. Hallmark Financial Services has a 12-month low of $3.25 and a 12-month high of $5.70. The stock has a market capitalization of $60.87 million, a P/E ratio of 6.20 and a beta of 1.23. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt ratio of 0.60. The company’s 50-day moving average is $3.65 and its 200-day moving average is $3.95.

Hallmark Financial Services Company Profile (Get a rating)

Hallmark Financial Services, Inc underwrites, markets, distributes and services property and casualty insurance products to businesses and individuals in the United States. The Company operates through Specialty Commercial, Standard Commercial and Personal segments. The Specialty Commercial segment offers primary and excess insurance products and services for commercial vehicles; primary and excess liability, excess liability of public entities, and E&S and garage liability insurance products and services; commercial property primary and excess insurance for catastrophic and non-catastrophic risks; professional indemnity insurance products and services primarily intended for businesses, healthcare professionals, medical establishments and aged care establishments; and property and casualty insurance and satellite launch products and services, as well as various specialty programs.

Further reading

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