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.
Analysts have set a 1 year consensus price target of $26.00 for the company and are expecting 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 29 out of 256 based on the ratings given to its competitors.
A number of brokerages have recently issued reports on CSV. Zacks Investment Research upgraded Carriage Services from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, August 7th. Barrington Research reissued a “buy” rating and set a $26.00 target price on shares of Carriage Services in a report on Monday, July 22nd. Finally, ValuEngine raised Carriage Services from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Carriage Services by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,475,553 shares of the company’s stock worth $22,871,000 after acquiring an additional 71,959 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Carriage Services by 2.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,259,600 shares of the company’s stock valued at $23,945,000 after buying an additional 28,700 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in Carriage Services by 14.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 846,793 shares of the company’s stock valued at $16,301,000 after buying an additional 108,800 shares in the last quarter. Kennedy Capital Management Inc. grew its holdings in Carriage Services by 31.9% in the 1st quarter. Kennedy Capital Management Inc. now owns 466,208 shares of the company’s stock valued at $8,975,000 after buying an additional 112,640 shares in the last quarter. Finally, Fenimore Asset Management Inc. grew its holdings in Carriage Services by 3.3% in the 1st quarter. Fenimore Asset Management Inc. now owns 458,434 shares of the company’s stock valued at $8,825,000 after buying an additional 14,589 shares in the last quarter. 78.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carriage Services stock traded down $0.23 on Monday, reaching $22.22. 59,000 shares of the company were exchanged, compared to its average volume of 104,406. Carriage Services has a one year low of $14.50 and a one year high of $24.09. The firm has a market cap of $402.55 million, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.08 and a beta of 0.78. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.71. The firm’s 50-day moving average is $19.58.
Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Carriage Services had a return on equity of 8.54% and a net margin of 4.08%. The company had revenue of $67.75 million for the quarter, compared to the consensus estimate of $66.55 million. Analysts anticipate that Carriage Services will post 1.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, August 9th. Carriage Services’s payout ratio is presently 25.64%.
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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