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.
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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