Headlines about Carriage Services (NYSE:CSV) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carriage Services earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.6260948288667 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research firms have weighed in on CSV. Zacks Investment Research lowered Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $82.00 target price on shares of Carriage Services in a research note on Monday, June 12th. Finally, BidaskClub lowered Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
Shares of Carriage Services (NYSE CSV) traded up 1.17% during trading on Monday, hitting $24.20. The stock had a trading volume of 121,451 shares. The company’s 50 day moving average price is $24.23 and its 200 day moving average price is $26.09. Carriage Services has a 12 month low of $22.96 and a 12 month high of $29.11. The stock has a market cap of $404.62 million, a price-to-earnings ratio of 20.49 and a beta of 0.90.
Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.10). Carriage Services had a net margin of 8.35% and a return on equity of 15.25%. The business had revenue of $63.87 million during the quarter, compared to analyst estimates of $64.35 million. During the same period last year, the company earned $0.37 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts expect that Carriage Services will post $1.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, August 10th. Carriage Services’s dividend payout ratio (DPR) is presently 16.95%.
In related news, CEO Melvin C. Payne sold 100,000 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $23.85, for a total transaction of $2,385,000.00. Following the transaction, the chief executive officer now owns 1,131,753 shares of the company’s stock, valued at approximately $26,992,309.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 13.40% of the stock is currently owned by corporate insiders.
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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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