Carriage Services (CSV) to Release Earnings on Wednesday

Carriage Services (NYSE:CSV) will be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Carriage Services to post earnings of $0.53 per share for the quarter. Carriage Services has set its FY 2024 guidance at 2.200-2.300 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.16. The business had revenue of $103.49 million during the quarter, compared to analyst estimates of $98.17 million. Carriage Services had a return on equity of 22.04% and a net margin of 8.08%. During the same period last year, the company earned $0.56 EPS. 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 Price Performance

NYSE:CSV opened at $31.84 on Tuesday. The firm has a market capitalization of $482.69 million, a price-to-earnings ratio of 15.68, a PEG ratio of 0.93 and a beta of 0.92. Carriage Services has a 1 year low of $18.06 and a 1 year high of $32.81. The business has a 50 day simple moving average of $27.85 and a 200-day simple moving average of $26.16. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.72 and a quick ratio of 0.57.

Carriage Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, August 5th. Carriage Services’s payout ratio is 22.17%.

Insider Buying and Selling

In other news, Director Charles Fargason bought 2,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $28.40 per share, with a total value of $56,800.00. Following the transaction, the director now directly owns 18,005 shares in the company, valued at approximately $511,342. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Charles Fargason bought 2,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $28.40 per share, with a total value of $56,800.00. Following the transaction, the director now directly owns 18,005 shares in the company, valued at approximately $511,342. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shawn R. Phillips sold 10,593 shares of Carriage Services stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $25.57, for a total value of $270,863.01. Following the sale, the vice president now directly owns 113,348 shares of the company’s stock, valued at $2,898,308.36. The disclosure for this sale can be found here. In the last three months, insiders sold 15,318 shares of company stock valued at $406,452. Insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSV. Barrington Research reissued an “outperform” rating and set a $38.00 price target on shares of Carriage Services in a research note on Tuesday, May 28th. Roth Mkm reissued a “buy” rating and set a $32.00 price target on shares of Carriage Services in a research note on Wednesday, June 5th. Finally, StockNews.com lowered Carriage Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

About Carriage Services

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.