Shares of Carriage Services, Inc. (NYSE:CSV) have earned 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 research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus target price of $26.00 for the company and are anticipating that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given Carriage Services an industry rank of 195 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Carriage Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 20th.
Shares of CSV traded up $0.08 during trading hours on Thursday, hitting $18.81. 2,121 shares of the company were exchanged, compared to its average volume of 85,590. The company has a market capitalization of $340.94 million, a P/E ratio of 15.96, a PEG ratio of 0.90 and a beta of 0.79. The company has a quick ratio of 0.61, a current ratio of 0.81 and a debt-to-equity ratio of 1.63. The business’s fifty day moving average is $19.32. Carriage Services has a one year low of $14.50 and a one year high of $25.29.
Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $69.08 million for the quarter, compared to the consensus estimate of $73.19 million. Carriage Services had a return on equity of 7.69% and a net margin of 3.35%. Equities analysts anticipate that Carriage Services will post 1.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were given a $0.075 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.30 annualized dividend and a dividend yield of 1.59%. Carriage Services’s dividend payout ratio (DPR) is presently 25.64%.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Carriage Services by 1,706.6% in the fourth quarter. Bank of Montreal Can now owns 2,204 shares of the company’s stock worth $34,000 after buying an additional 2,082 shares during the period. Legal & General Group Plc boosted its position in shares of Carriage Services by 56.6% in the fourth quarter. Legal & General Group Plc now owns 4,177 shares of the company’s stock worth $64,000 after buying an additional 1,509 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Carriage Services by 858.9% in the first quarter. BNP Paribas Arbitrage SA now owns 3,663 shares of the company’s stock worth $71,000 after buying an additional 3,281 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Carriage Services by 423.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,643 shares of the company’s stock worth $87,000 after buying an additional 4,565 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Carriage Services in the fourth quarter worth $161,000. 78.41% of the stock is owned by institutional investors and hedge funds.
About Carriage Services
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 offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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