Brokerages expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to report $97.87 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Hallmark Financial Services’ earnings. The lowest sales estimate is $97.64 million and the highest is $98.10 million. Hallmark Financial Services reported sales of $95.02 million during the same quarter last year, which would suggest a positive year over year growth rate of 3%. The business is expected to report its next earnings report on Thursday, March 8th.
On average, analysts expect that Hallmark Financial Services will report full year sales of $97.87 million for the current fiscal year, with estimates ranging from $382.21 million to $382.70 million. For the next year, analysts forecast that the firm will post sales of $409.72 million per share, with estimates ranging from $408.33 million to $411.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Hallmark Financial Services.
Hallmark Financial Services (NASDAQ:HALL) last announced 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%.
Shares of Hallmark Financial Services (HALL) traded down $0.14 during mid-day trading on Friday, hitting $10.23. 14,400 shares of the stock traded hands, compared to its average volume of 34,933. The company has a market cap of $188.30, a P/E ratio of -39.34 and a beta of 0.84. Hallmark Financial Services has a 12-month low of $9.91 and a 12-month 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.
Several hedge funds have recently made changes to their positions in the company. Boston Partners increased its holdings in Hallmark Financial Services by 121.7% in the 3rd quarter. Boston Partners now owns 457,600 shares of the insurance provider’s stock valued at $5,313,000 after acquiring an additional 251,200 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Hallmark Financial Services in the 2nd quarter valued at $391,000. Roumell Asset Management LLC increased its holdings in Hallmark Financial Services by 23.1% in the 3rd quarter. Roumell Asset Management LLC now owns 177,327 shares of the insurance provider’s stock valued at $2,059,000 after acquiring an additional 33,227 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Hallmark Financial Services by 161.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 28,986 shares of the insurance provider’s stock valued at $327,000 after acquiring an additional 17,886 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Hallmark Financial Services by 53.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock valued at $7,930,000 after acquiring an additional 238,254 shares during the last quarter. Hedge funds and other institutional investors own 64.97% of the company’s stock.
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Hallmark Financial Services Company Profile
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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