Wall Street brokerages predict that Hallmark Financial Services, Inc. (NASDAQ:HALL) will report earnings of $0.17 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hallmark Financial Services’ earnings, with estimates ranging from $0.10 to $0.23. Hallmark Financial Services posted earnings per share of ($0.20) in the same quarter last year, which would indicate a positive year-over-year growth rate of 185%. The company is expected to report its next quarterly earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Hallmark Financial Services will report full year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.15. For the next financial year, analysts forecast that the firm will report earnings of $0.80 per share, with EPS estimates ranging from $0.65 to $0.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALL) last posted its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.10). Hallmark Financial Services had a negative net margin of 1.19% and a negative return on equity of 0.42%.

Several research firms have recently commented on HALL. Zacks Investment Research lowered shares of Hallmark Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Boenning Scattergood began coverage on shares of Hallmark Financial Services in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company.

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Hallmark Financial Services by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,562,914 shares of the insurance provider’s stock worth $17,614,000 after acquiring an additional 6,895 shares during the last quarter. Bank of Montreal Can lifted its stake in Hallmark Financial Services by 1.6% in the fourth quarter. Bank of Montreal Can now owns 711,918 shares of the insurance provider’s stock worth $7,425,000 after acquiring an additional 11,107 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Hallmark Financial Services by 53.6% in the third quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock worth $7,930,000 after acquiring an additional 238,254 shares during the last quarter. Boston Partners lifted its stake in Hallmark Financial Services by 121.7% in the third quarter. Boston Partners now owns 457,600 shares of the insurance provider’s stock worth $5,313,000 after acquiring an additional 251,200 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Hallmark Financial Services by 0.5% in the second quarter. Vanguard Group Inc. now owns 386,596 shares of the insurance provider’s stock worth $4,357,000 after acquiring an additional 2,031 shares during the last quarter. Institutional investors own 64.97% of the company’s stock.

Hallmark Financial Services (HALL) opened at $10.37 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.33. Hallmark Financial Services has a 12 month low of $9.91 and a 12 month high of $11.83. The company has a market cap of $189.02, a P/E ratio of -41.48 and a beta of 0.84.

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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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Earnings History and Estimates for Hallmark Financial Services (NASDAQ:HALL)

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