Shares of Carriage Services, Inc. (NYSE:CSV) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $32.00 for the company and are expecting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also assigned Carriage Services an industry rank of 58 out of 265 based on the ratings given to related companies.
Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Carriage Services from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Barrington Research reissued an “outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Carriage Services in a research report on Thursday, February 15th.
Carriage Services (NYSE CSV) opened at $28.00 on Friday. The firm has a market cap of $452.58, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.71 and a quick ratio of 0.55. Carriage Services has a 12 month low of $23.15 and a 12 month high of $28.96.
Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). The company had revenue of $65.10 million during the quarter, compared to analyst estimates of $65.34 million. Carriage Services had a net margin of 14.41% and a return on equity of 13.27%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. equities research analysts expect that Carriage Services will post 2.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, February 9th. Carriage Services’s dividend payout ratio is 14.22%.
In other Carriage Services news, COO Mark R. Bruce sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $26.40, for a total value of $79,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Raymond Schenck bought 1,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $27.79 per share, with a total value of $27,790.00. Following the completion of the transaction, the director now directly owns 6,061 shares of the company’s stock, valued at $168,435.19. The disclosure for this purchase can be found here. Insiders sold 4,241 shares of company stock valued at $111,354 over the last three months. Insiders own 13.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DF Dent & Co. Inc. boosted its holdings in shares of Carriage Services by 190.8% during the 4th quarter. DF Dent & Co. Inc. now owns 91,241 shares of the company’s stock worth $2,346,000 after buying an additional 59,862 shares during the period. MetLife Investment Advisors LLC bought a new stake in shares of Carriage Services during the 4th quarter worth $193,000. Westwood Holdings Group Inc. boosted its holdings in shares of Carriage Services by 7.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 545,993 shares of the company’s stock worth $14,037,000 after buying an additional 38,450 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Carriage Services by 26.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 161,507 shares of the company’s stock worth $4,152,000 after buying an additional 33,981 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Carriage Services by 5.4% during the 4th quarter. Two Sigma Investments LP now owns 75,139 shares of the company’s stock worth $1,932,000 after buying an additional 3,824 shares during the period. 87.98% of the stock is owned by institutional investors and hedge funds.
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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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