Hallmark Financial Services (NASDAQ:HALL) issued its earnings results on Wednesday. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03, Fidelity Earnings reports. The firm had revenue of $94.62 million during the quarter, compared to analyst estimates of $96.34 million. Hallmark Financial Services had a negative net margin of 1.67% and a negative return on equity of 0.69%.
Shares of HALL stock traded up $0.11 on Thursday, hitting $11.05. The stock had a trading volume of 152 shares, compared to its average volume of 23,351. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $196.48 million, a P/E ratio of -29.73 and a beta of 0.73. Hallmark Financial Services has a one year low of $8.62 and a one year high of $11.69.
A number of analysts have recently issued reports on HALL shares. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Thursday, July 19th. Raymond James reissued a “hold” rating and set a $13.00 target price on shares of Hallmark Financial Services in a research note on Monday, August 13th. ValuEngine raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Hallmark Financial Services in a research note on Wednesday, August 8th.
Hallmark Financial Services Company Profile
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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