Carriage Services, Inc. (CSV) Expected to Announce Earnings of $0.40 Per Share

Equities research analysts predict that Carriage Services, Inc. (NYSE:CSV) will announce $0.40 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Carriage Services’ earnings, with estimates ranging from $0.39 to $0.40. Carriage Services posted earnings of $0.37 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, July 25th.

On average, analysts expect that Carriage Services will report full year earnings of $1.75 per share for the current financial year. For the next financial year, analysts expect that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.90 to $1.94. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Carriage Services.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $67.45 million. Carriage Services had a net margin of 8.46% and a return on equity of 17.25%. Carriage Services’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share.

Separately, Zacks Investment Research raised shares of Carriage Services from a “sell” rating to a “hold” rating in a research note on Friday, April 28th.

Carriage Services (NYSE:CSV) traded up 1.84% during midday trading on Monday, hitting $26.08. The stock had a trading volume of 112,526 shares. The firm has a market cap of $435.61 million, a P/E ratio of 21.02 and a beta of 1.09. Carriage Services has a 12-month low of $21.97 and a 12-month high of $29.11. The stock has a 50-day moving average price of $27.09 and a 200 day moving average price of $26.93.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. Carriage Services’s dividend payout ratio is presently 16.53%.

COPYRIGHT VIOLATION NOTICE: “Carriage Services, Inc. (CSV) Expected to Announce Earnings of $0.40 Per Share” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://sportsperspectives.com/2017/05/20/carriage-services-inc-csv-expected-to-announce-earnings-of-0-40-per-share.html.

In related news, Director Bryan Leibman acquired 3,000 shares of the stock in a transaction dated Friday, April 28th. The stock was bought at an average cost of $27.40 per share, with a total value of $82,200.00. Following the purchase, the director now directly owns 18,837 shares of the company’s stock, valued at $516,133.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James Raymond Schenck acquired 1,000 shares of the stock in a transaction dated Wednesday, March 8th. The shares were bought at an average cost of $26.00 per share, with a total value of $26,000.00. Following the completion of the purchase, the director now directly owns 2,061 shares in the company, valued at $53,586. The disclosure for this purchase can be found here. Insiders have bought a total of 6,000 shares of company stock valued at $162,440 over the last three months. Corporate insiders own 18.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in shares of Carriage Services by 0.8% in the first quarter. Legal & General Group Plc now owns 4,044 shares of the company’s stock valued at $110,000 after buying an additional 31 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Carriage Services during the third quarter valued at about $230,000. Karp Capital Management Corp bought a new stake in shares of Carriage Services during the first quarter valued at about $245,000. American International Group Inc. boosted its stake in shares of Carriage Services by 7.1% in the first quarter. American International Group Inc. now owns 9,107 shares of the company’s stock valued at $247,000 after buying an additional 606 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Carriage Services by 12.0% in the first quarter. Virginia Retirement Systems ET AL now owns 11,200 shares of the company’s stock valued at $304,000 after buying an additional 1,200 shares in the last quarter. 79.38% of the stock is owned by institutional investors.

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.

12 Month Chart for NYSE:CSV

Get a free copy of the Zacks research report on Carriage Services (CSV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Carriage Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carriage Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply