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%.
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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.
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