News stories about Carriage Services (NYSE:CSV) have trended positive this week, according to Alpha One Sentiment Analysis. The research firm, a service of Accern, ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carriage Services earned a daily sentiment score of 0.26 on Alpha One’s scale. Alpha One also assigned news headlines about the company an impact score of 47 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Separately, Zacks Investment Research lowered Carriage Services from a “hold” rating to a “sell” rating in a research note on Monday, January 2nd.
Shares of Carriage Services (NYSE:CSV) traded up 0.22% during trading on Friday, reaching $27.64. The company’s stock had a trading volume of 69,577 shares. The company has a 50 day moving average of $26.74 and a 200 day moving average of $26.42. The company has a market cap of $460.48 million, a PE ratio of 24.68 and a beta of 1.09. Carriage Services has a 12-month low of $21.97 and a 12-month high of $29.11.
Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.09. Carriage Services had a return on equity of 17.25% and a net margin of 8.46%. The company had revenue of $62.90 million for the quarter, compared to the consensus estimate of $64.76 million. On average, analysts anticipate that Carriage Services will post $1.75 EPS for the current fiscal year.
In other Carriage Services news, insider Shawn R. Phillips sold 5,630 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $26.67, for a total transaction of $150,152.10. Following the sale, the insider now directly owns 63,975 shares of the company’s stock, valued at $1,706,213.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Raymond Schenck acquired 1,000 shares of Carriage Services stock in a transaction on Wednesday, March 8th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the purchase, the director now directly owns 2,061 shares of the company’s stock, valued at $53,586. The disclosure for this purchase can be found here. Insiders own 18.20% of the company’s stock.
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Carriage Services Company Profile
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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