Media headlines about Carriage Services (NYSE:CSV) have trended somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern 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 media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.930612633421 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Carriage Services opened at $25.48 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.68 and a quick ratio of 0.52. The company has a market cap of $413.42 million, a P/E ratio of 18.33, a P/E/G ratio of 0.93 and a beta of 0.70. Carriage Services has a twelve month low of $25.23 and a twelve month high of $25.52.
Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, April 25th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The company had revenue of $73.39 million during the quarter, compared to analysts’ expectations of $76.54 million. Carriage Services had a return on equity of 14.08% and a net margin of 14.98%. equities analysts predict that Carriage Services will post 1.84 earnings per share for the current year.
Several research analysts have recently issued reports on CSV shares. Zacks Investment Research upgraded Carriage Services from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Monday, February 19th. ValuEngine cut Carriage Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Barrington Research restated an “outperform” rating and issued a $32.00 price objective (up from $30.00) on shares of Carriage Services in a research note on Thursday, February 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Carriage Services presently has a consensus rating of “Hold” and an average price target of $47.67.
In related news, Director James Raymond Schenck purchased 1,000 shares of Carriage Services stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the transaction, the director now owns 6,061 shares in the company, valued at $168,435.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry K. Fingerhut purchased 2,500 shares of Carriage Services stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $27.50 per share, with a total value of $68,750.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $68,750. The disclosure for this purchase can be found here. 13.60% of the stock is currently owned by company insiders.
Carriage Services Company Profile
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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