Shares of Carriage Services, Inc. (NYSE:CSV) have been given 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.
Brokers have set a twelve-month consensus price objective of $26.00 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Carriage Services an industry rank of 17 out of 256 based on the ratings given to related companies.
Several research analysts recently commented on the stock. ValuEngine raised shares of Carriage Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Carriage Services from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, August 7th. Finally, Barrington Research reissued a “buy” rating and set a $26.00 price objective on shares of Carriage Services in a research report on Monday, July 22nd.
Shares of NYSE CSV traded down $0.46 during mid-day trading on Thursday, hitting $21.76. The stock had a trading volume of 94,104 shares, compared to its average volume of 76,983. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.58 and a current ratio of 0.79. Carriage Services has a 1 year low of $14.50 and a 1 year high of $22.95. The business has a 50 day moving average price of $21.93 and a two-hundred day moving average price of $19.89. The firm has a market cap of $395.78 million, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68.
Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, July 31st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Carriage Services had a return on equity of 8.54% and a net margin of 4.08%. The firm had revenue of $67.75 million during the quarter, compared to analysts’ expectations of $66.55 million. Equities research analysts predict that Carriage Services will post 1.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, August 9th. Carriage Services’s payout ratio is currently 25.64%.
Institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its position in Carriage Services by 11.5% during the 1st quarter. Rhumbline Advisers now owns 40,712 shares of the company’s stock valued at $784,000 after purchasing an additional 4,210 shares during the period. California Public Employees Retirement System increased its position in Carriage Services by 20.7% during the 1st quarter. California Public Employees Retirement System now owns 89,572 shares of the company’s stock valued at $1,724,000 after purchasing an additional 15,380 shares during the period. Prudential Financial Inc. increased its position in Carriage Services by 48.0% during the 2nd quarter. Prudential Financial Inc. now owns 127,553 shares of the company’s stock valued at $2,425,000 after purchasing an additional 41,382 shares during the period. Acadian Asset Management LLC increased its position in Carriage Services by 17.4% during the 2nd quarter. Acadian Asset Management LLC now owns 39,245 shares of the company’s stock valued at $745,000 after purchasing an additional 5,820 shares during the period. Finally, LSV Asset Management increased its position in Carriage Services by 8.1% during the 2nd quarter. LSV Asset Management now owns 119,600 shares of the company’s stock valued at $2,273,000 after purchasing an additional 9,000 shares during the period. 77.65% of the stock is currently owned by institutional investors and hedge funds.
Carriage Services Company Profile
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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