Analysts Anticipate Hallmark Financial Services, Inc. (NASDAQ:HALL) to Announce $0.39 Earnings Per Share

Wall Street analysts forecast that Hallmark Financial Services, Inc. (NASDAQ:HALL) will report earnings per share of $0.39 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hallmark Financial Services’ earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.30. Hallmark Financial Services posted earnings per share of $0.28 in the same quarter last year, which would indicate a positive year over year growth rate of 39.3%. The firm is expected to report its next earnings results on Tuesday, March 3rd.

On average, analysts expect that Hallmark Financial Services will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.55. For the next fiscal year, analysts anticipate that the company will post earnings of $1.60 per share. Zacks Investment Research’s EPS calculations are a mean 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 results on Thursday, November 7th. The insurance provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Hallmark Financial Services had a net margin of 6.39% and a return on equity of 8.85%. The company had revenue of $117.85 million for the quarter, compared to analysts’ expectations of $117.45 million.

Several equities research analysts recently weighed in on HALL shares. BidaskClub upgraded shares of Hallmark Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, October 31st. Raymond James boosted their price target on shares of Hallmark Financial Services from $15.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, ValuEngine cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Hallmark Financial Services currently has a consensus rating of “Buy” and a consensus target price of $17.00.

Hedge funds have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. bought a new position in Hallmark Financial Services during the second quarter valued at $84,000. Bessemer Group Inc. bought a new position in Hallmark Financial Services during the second quarter valued at $398,000. AXA bought a new position in Hallmark Financial Services during the second quarter valued at $371,000. Simplex Trading LLC increased its position in Hallmark Financial Services by 63.5% during the third quarter. Simplex Trading LLC now owns 31,145 shares of the insurance provider’s stock valued at $595,000 after acquiring an additional 12,097 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Hallmark Financial Services by 0.8% during the second quarter. Bank of Montreal Can now owns 608,812 shares of the insurance provider’s stock valued at $8,664,000 after acquiring an additional 5,051 shares during the last quarter. Institutional investors and hedge funds own 66.40% of the company’s stock.

HALL traded up $0.12 during trading hours on Wednesday, hitting $18.88. The company’s stock had a trading volume of 6,747 shares, compared to its average volume of 74,312. The business’s 50-day moving average price is $18.42 and its 200-day moving average price is $15.47. Hallmark Financial Services has a 12 month low of $9.48 and a 12 month high of $20.30. The stock has a market cap of $324.58 million, a price-to-earnings ratio of 18.65 and a beta of 0.56. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

About Hallmark Financial Services

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.

Recommended Story: Put Option

Get a free copy of the Zacks research report on Hallmark Financial Services (HALL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Hallmark Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallmark Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.