Equities research analysts expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to announce $92.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hallmark Financial Services’ earnings, with the highest sales estimate coming in at $93.50 million and the lowest estimate coming in at $91.81 million. Hallmark Financial Services reported sales of $97.29 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The company is scheduled to announce its next earnings results on Monday, March 11th.

According to Zacks, analysts expect that Hallmark Financial Services will report full year sales of $380.84 million for the current financial year, with estimates ranging from $377.39 million to $384.30 million. For the next fiscal year, analysts anticipate that the business will report sales of $385.66 million, with estimates ranging from $377.72 million to $393.60 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALL) last announced its earnings results on Friday, November 9th. The insurance provider reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. Hallmark Financial Services had a net margin of 1.22% and a return on equity of 1.55%. The business had revenue of $94.62 million during the quarter, compared to the consensus estimate of $96.34 million.

A number of brokerages have weighed in on HALL. Zacks Investment Research downgraded shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. ValuEngine raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Boenning Scattergood reaffirmed a “hold” rating on shares of Hallmark Financial Services in a research note on Monday, November 12th. TheStreet raised shares of Hallmark Financial Services from a “c” rating to a “b” rating in a research note on Monday, November 12th. Finally, Raymond James reaffirmed a “hold” rating and set a $13.00 target price on shares of Hallmark Financial Services in a research note on Monday, August 13th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.50.

Several large investors have recently bought and sold shares of HALL. Ancora Advisors LLC grew its holdings in shares of Hallmark Financial Services by 55.3% during the third quarter. Ancora Advisors LLC now owns 58,996 shares of the insurance provider’s stock valued at $649,000 after buying an additional 20,999 shares during the last quarter. Heartland Advisors Inc. purchased a new stake in shares of Hallmark Financial Services during the third quarter valued at approximately $1,029,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of Hallmark Financial Services by 6.3% during the third quarter. Pacific Ridge Capital Partners LLC now owns 135,230 shares of the insurance provider’s stock valued at $1,488,000 after buying an additional 8,020 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Hallmark Financial Services by 9.0% during the second quarter. Renaissance Technologies LLC now owns 289,900 shares of the insurance provider’s stock valued at $2,893,000 after buying an additional 24,000 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Hallmark Financial Services by 1.9% during the second quarter. Boston Partners now owns 475,600 shares of the insurance provider’s stock valued at $4,746,000 after buying an additional 8,800 shares during the last quarter. Hedge funds and other institutional investors own 66.52% of the company’s stock.

Shares of NASDAQ HALL opened at $11.09 on Friday. Hallmark Financial Services has a fifty-two week low of $8.62 and a fifty-two week high of $11.58. The company has a market cap of $197.56 million, a price-to-earnings ratio of -29.86 and a beta of 0.69. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.32.

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

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