Carriage Services (NYSE:CSV) posted its quarterly earnings results on Tuesday. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.22, MarketWatch Earnings reports. Carriage Services had a net margin of 3.32% and a return on equity of 12.41%.
Shares of Carriage Services stock traded up $1.75 during trading on Thursday, hitting $37.78. 1,252 shares of the company’s stock traded hands, compared to its average volume of 101,257. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.67 and a quick ratio of 0.52. The firm’s fifty day moving average price is $35.62 and its 200 day moving average price is $31.52. Carriage Services has a twelve month low of $13.84 and a twelve month high of $38.22. The company has a market cap of $679.85 million, a PE ratio of 62.12, a PEG ratio of 1.02 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Monday, February 8th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.06%. Carriage Services’s dividend payout ratio (DPR) is currently 33.33%.
In related news, SVP Shawn R. Phillips sold 701 shares of the stock in a transaction that occurred on Sunday, February 14th. The stock was sold at an average price of $36.58, for a total transaction of $25,642.58. Following the sale, the senior vice president now directly owns 77,553 shares in the company, valued at approximately $2,836,888.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Melvin C. Payne sold 1,804 shares of the firm’s stock in a transaction on Sunday, February 14th. The shares were sold at an average price of $36.58, for a total value of $65,990.32. Following the sale, the chief executive officer now directly owns 1,240,347 shares of the company’s stock, valued at $45,371,893.26. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 4,092 shares of company stock worth $143,107 and have sold 4,377 shares worth $159,097. 11.80% of the stock is currently owned by 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 engages in the provision of consultation, funeral home facilities for visitation and memorial services, and transportation services; removal and preparation of remains; and sale of caskets and related funeral merchandise.
Recommended Story: What impact do institutional investors have on markets?
Receive News & Ratings for Carriage Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carriage Services and related companies with MarketBeat.com's FREE daily email newsletter.