-$0.22 Earnings Per Share Expected for Hallmark Financial Services, Inc. (NASDAQ:HALL) This Quarter

Brokerages predict that Hallmark Financial Services, Inc. (NASDAQ:HALLGet Rating) will report earnings per share (EPS) of ($0.22) for the current quarter, according to Zacks. Two analysts have issued estimates for Hallmark Financial Services’ earnings. Hallmark Financial Services posted earnings per share of ($0.19) in the same quarter last year, which suggests a negative year-over-year growth rate of 15.8%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Hallmark Financial Services will report full-year earnings of ($0.55) per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of ($0.10) per share. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALLGet Rating) last posted its earnings results on Thursday, May 12th. The insurance provider reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.28). The business had revenue of $84.64 million during the quarter, compared to analysts’ expectations of $97.47 million. Hallmark Financial Services had a negative net margin of 0.74% and a negative return on equity of 3.62%.

HALL has been the topic of several research reports. StockNews.com initiated coverage on Hallmark Financial Services in a report on Saturday. They set a “hold” rating on the stock. Zacks Investment Research lowered Hallmark Financial Services from a “hold” rating to a “strong sell” rating in a report on Thursday, March 24th.

Several institutional investors and hedge funds have recently made changes to their positions in HALL. Morgan Stanley boosted its stake in shares of Hallmark Financial Services by 23.5% during the second quarter. Morgan Stanley now owns 33,184 shares of the insurance provider’s stock worth $148,000 after buying an additional 6,308 shares during the period. Millennium Management LLC boosted its stake in shares of Hallmark Financial Services by 15.8% during the second quarter. Millennium Management LLC now owns 31,914 shares of the insurance provider’s stock worth $142,000 after buying an additional 4,350 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of Hallmark Financial Services by 21.3% during the third quarter. Advisor Group Holdings Inc. now owns 18,200 shares of the insurance provider’s stock worth $67,000 after buying an additional 3,200 shares during the period. BlackRock Inc. boosted its stake in shares of Hallmark Financial Services by 13.0% during the third quarter. BlackRock Inc. now owns 259,963 shares of the insurance provider’s stock worth $948,000 after buying an additional 29,837 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Hallmark Financial Services by 5.2% during the third quarter. Geode Capital Management LLC now owns 148,861 shares of the insurance provider’s stock worth $543,000 after buying an additional 7,387 shares during the period. Institutional investors and hedge funds own 19.12% of the company’s stock.

Shares of HALL stock traded up $0.13 during mid-day trading on Tuesday, hitting $2.74. 23,974 shares of the stock were exchanged, compared to its average volume of 52,766. The stock’s fifty day simple moving average is $3.41 and its two-hundred day simple moving average is $3.90. The stock has a market capitalization of $49.84 million, a price-to-earnings ratio of -17.13 and a beta of 1.23. Hallmark Financial Services has a 12-month low of $2.57 and a 12-month high of $5.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.70 and a current ratio of 0.70.

About Hallmark Financial Services (Get Rating)

Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment offers primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S package and garage liability insurance products and services; primary and excess commercial property insurance for catastrophe and non-catastrophe exposures; healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities, and senior care facilities; and satellite launch property/casualty insurance products and services, as well as various specialty programs.

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