Zacks: Analysts expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to post -$0.02 in earnings per share
Equity research analysts expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to report earnings of ($0.02) per share for the current quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for Hallmark Financial Services, with estimates ranging from ($0.04) to $0.01. Hallmark Financial Services reported earnings of ($0.55) per share in the same quarter last year, suggesting a positive year-over-year growth rate of 96.4%. The company is due to announce its next results on Monday, March 21.
According to Zacks, analysts expect Hallmark Financial Services to report annual earnings of $0.25 per share for the current fiscal year. For the next fiscal year, analysts expect the company to post earnings of $0.40 per share, with EPS estimates ranging from $0.30 to $0.50. Zacks’ EPS calculations are an average average based on a survey of sell-side research firms that track Hallmark Financial Services.
Hallmark Financial Services (NASDAQ:HALL) last released its quarterly earnings data on Monday, November 15. The insurance provider reported earnings per share (EPS) of $0.21 for the quarter, beating consensus analyst estimates of ($0.10) by $0.31. Hallmark Financial Services had a net margin of 1.43% and a negative return on equity of 2.76%. The company posted revenue of $97.88 million in the quarter, compared to $95.23 million expected by analysts.
A number of research analysts have weighed in on the stock recently. Maxim Group raised its price target on Hallmark Financial Services shares from $5.00 to $6.00 in a research report on Tuesday, January 4. Zacks Investment Research upgraded Hallmark Financial Services shares from a “sell” to a “hold” rating and set a price target of $4.75 for the stock in a Friday, Nov. 19 research report.
A number of hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its stake in Hallmark Financial Services by 13.0% in Q3. BlackRock Inc. now owns 259,963 shares of the insurance provider worth $948,000 after buying an additional 29,837 shares last quarter. 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 worth $587,000 after buying an additional 6,200 shares last quarter. 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 worth $543,000 after purchasing an additional 7,387 shares last quarter. Ancora Advisors LLC increased its stake in Hallmark Financial Services by 384.1% in Q2. Ancora Advisors LLC now owns 143,606 shares of the insurance provider worth $639,000 after buying an additional 113,940 shares last quarter. Finally, Diametric Capital LP increased its stake in Hallmark Financial Services by 23.2% in the second quarter. Diametric Capital LP now owns 59,663 shares of the insurance provider worth $266,000 after buying 11,223 additional shares last quarter. 22.11% of the shares are held by institutional investors and hedge funds.
Shares of ROOM traded down $0.15 during Friday trading hours, hitting $4.25. 117 shares of the stock have traded, compared to its average volume of 62,608. The company has a current ratio of 0.76, a quick ratio of 0.76 and a leverage ratio of 0.59. The stock has a fifty-day simple moving average of $4.28 and a 200-day simple moving average of $4.15. Hallmark Financial Services has a 52-week minimum of $3.27 and a 52-week maximum of $5.70. The company has a market capitalization of $77.23 million, a price-earnings ratio of 12.20 and a beta of 1.31.
About Hallmark Financial Services
Hallmark Financial Services, Inc. is a holding company that provides insurance products. It operates through the following segments: Specialized Commercial, Standard Commercial and Personnel. The Specialty Commercial segment includes commercial automotive; excess and surplus (E&S) losses; E&S ownership; professional liability; and the aerospace and programs business units.
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