Carriage Services (CSV) to Release Quarterly Earnings on Wednesday

Carriage Services (NYSE:CSV) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Carriage Services has set its FY 2024 guidance at 2.200-2.300 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.49 by $0.28. Carriage Services had a return on equity of 21.39% and a net margin of 8.73%. The firm had revenue of $98.83 million during the quarter, compared to analysts’ expectations of $93.27 million. On average, analysts expect Carriage Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Carriage Services Stock Performance

Shares of NYSE CSV opened at $25.18 on Wednesday. The stock has a 50 day moving average price of $25.39 and a 200 day moving average price of $24.32. Carriage Services has a 52 week low of $18.06 and a 52 week high of $35.59. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market capitalization of $381.23 million, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be paid a $0.1125 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.45 annualized dividend and a yield of 1.79%. Carriage Services’s dividend payout ratio is 20.93%.

Insider Buying and Selling at Carriage Services

In other news, VP Paul Donald Elliott sold 6,500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $25.87, for a total transaction of $168,155.00. Following the transaction, the vice president now owns 38,178 shares in the company, valued at $987,664.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Paul Donald Elliott sold 6,500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $25.87, for a total transaction of $168,155.00. Following the transaction, the vice president now owns 38,178 shares in the company, valued at $987,664.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Melvin C. Payne sold 3,524 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $25.58, for a total value of $90,143.92. Following the transaction, the director now owns 1,129,809 shares in the company, valued at approximately $28,900,514.22. The disclosure for this sale can be found here. Insiders have sold 14,372 shares of company stock worth $369,521 over the last 90 days. Company insiders own 11.30% of the company’s stock.

Wall Street Analyst Weigh In

CSV has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and issued a $38.00 price objective on shares of Carriage Services in a research note on Friday, April 19th. StockNews.com lowered Carriage Services from a “buy” rating to a “hold” rating in a research note on Friday, March 15th.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.