Carriage Services (CSV) to Release Quarterly Earnings on Wednesday

Carriage Services (NYSE:CSV) is set to announce 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 are interested in registering for the company’s conference call can do so using this link.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, February 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.28. Carriage Services had a return on equity of 21.39% and a net margin of 8.73%. The company had revenue of $98.83 million for the quarter, compared to analyst estimates 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 Price Performance

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

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.79%. Carriage Services’s dividend payout ratio (DPR) is 20.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barrington Research reiterated an “outperform” rating and issued a $38.00 price target on shares of Carriage Services in a report on Friday, April 19th. StockNews.com downgraded Carriage Services from a “buy” rating to a “hold” rating in a research note on Friday, March 15th.

Insider Transactions at Carriage Services

In other news, VP Paul Donald Elliott sold 6,500 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $25.87, for a total value of $168,155.00. Following the completion of the transaction, the vice president now owns 38,178 shares of the company’s stock, valued at $987,664.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Paul Donald Elliott sold 6,500 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $25.87, for a total value of $168,155.00. Following the completion of the sale, the vice president now owns 38,178 shares in the company, valued at $987,664.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Carlos R. Quezada sold 1,666 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $25.58, for a total value of $42,616.28. Following the completion of the sale, the chief operating officer now owns 57,062 shares of the company’s stock, valued at approximately $1,459,645.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,372 shares of company stock valued at $369,521. 11.30% of the stock is currently owned by corporate insiders.

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.