$128.96 Million in Sales Expected for Hallmark Financial Services, Inc. (NASDAQ:HALL) This Quarter

Equities analysts expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to post $128.96 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hallmark Financial Services’ earnings, with the highest sales estimate coming in at $131.32 million and the lowest estimate coming in at $126.60 million. Hallmark Financial Services posted sales of $104.45 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.5%. The business is scheduled to report its next earnings results on Wednesday, May 13th.

According to Zacks, analysts expect that Hallmark Financial Services will report full year sales of $511.63 million for the current financial year, with estimates ranging from $508.50 million to $514.76 million. For the next financial year, analysts expect that the company will post sales of $519.96 million, with estimates ranging from $511.02 million to $528.90 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Hallmark Financial Services.

HALL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Hallmark Financial Services from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. ValuEngine lowered shares of Hallmark Financial Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Finally, BidaskClub lowered shares of Hallmark Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.67.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its stake in shares of Hallmark Financial Services by 6.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,795 shares of the insurance provider’s stock worth $190,000 after purchasing an additional 689 shares during the last quarter. Bessemer Group Inc. grew its stake in Hallmark Financial Services by 1.4% in the 4th quarter. Bessemer Group Inc. now owns 51,700 shares of the insurance provider’s stock valued at $908,000 after buying an additional 700 shares during the last quarter. Citigroup Inc. grew its stake in Hallmark Financial Services by 47.7% in the 4th quarter. Citigroup Inc. now owns 2,655 shares of the insurance provider’s stock valued at $47,000 after buying an additional 857 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in Hallmark Financial Services by 1.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 99,730 shares of the insurance provider’s stock valued at $1,752,000 after buying an additional 990 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in Hallmark Financial Services by 1.4% in the 4th quarter. Martingale Asset Management L P now owns 89,607 shares of the insurance provider’s stock valued at $1,575,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 66.33% of the company’s stock.

HALL stock traded up $0.04 during midday trading on Tuesday, reaching $3.36. The company had a trading volume of 185,206 shares, compared to its average volume of 104,070. Hallmark Financial Services has a 1 year low of $2.35 and a 1 year high of $20.30. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $66.68 million, a P/E ratio of 2.17 and a beta of 1.57. The company has a 50 day moving average of $8.89 and a two-hundred day moving average of $15.91.

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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