Brokerages Expect Hallmark Financial Services, Inc. (HALL) Will Announce Quarterly Sales of $97.87 Million
Wall Street analysts predict that Hallmark Financial Services, Inc. (NASDAQ:HALL) will post $97.87 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hallmark Financial Services’ earnings. The highest sales estimate is $98.10 million and the lowest is $97.64 million. Hallmark Financial Services reported sales of $95.02 million in the same quarter last year, which would indicate a positive year over year growth rate of 3%. The company is scheduled to report its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Hallmark Financial Services will report full year sales of $97.87 million for the current financial year, with estimates ranging from $382.21 million to $382.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $409.72 million per share, with estimates ranging from $408.33 million to $411.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Hallmark Financial Services.
Hallmark Financial Services (NASDAQ:HALL) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). The firm had revenue of $94.72 million for the quarter, compared to analysts’ expectations of $97.87 million. Hallmark Financial Services had a negative return on equity of 0.42% and a negative net margin of 1.19%.
Hallmark Financial Services (HALL) traded up $0.26 on Monday, reaching $10.00. The company’s stock had a trading volume of 51,764 shares, compared to its average volume of 32,584. The stock has a market cap of $176.49, a P/E ratio of -38.46 and a beta of 0.84. Hallmark Financial Services has a one year low of $9.42 and a one year high of $11.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.43 and a quick ratio of 0.43.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its holdings in Hallmark Financial Services by 73.3% during the 3rd quarter. Wells Fargo & Company MN now owns 13,921 shares of the insurance provider’s stock worth $161,000 after purchasing an additional 5,889 shares during the period. Ameriprise Financial Inc. purchased a new position in Hallmark Financial Services during the 2nd quarter worth $190,000. Alliancebernstein L.P. increased its holdings in Hallmark Financial Services by 11.2% during the 2nd quarter. Alliancebernstein L.P. now owns 18,800 shares of the insurance provider’s stock worth $212,000 after purchasing an additional 1,900 shares during the period. Teachers Advisors LLC increased its holdings in Hallmark Financial Services by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock worth $315,000 after purchasing an additional 1,769 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Hallmark Financial Services by 161.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 28,986 shares of the insurance provider’s stock worth $327,000 after purchasing an additional 17,886 shares during the period. Institutional investors own 65.05% of the company’s stock.
About Hallmark Financial Services
Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.
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