Carriage Services (CSV) Expected to Announce Earnings on Wednesday

Carriage Services (NYSE:CSV - Get Free Report) is expected to be announcing its Q2 2025 earnings results before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $101.36 million for the quarter. Carriage Services has set its FY 2025 guidance at 3.100-3.300 EPS.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.16. The firm had revenue of $8.47 million during the quarter, compared to analysts' expectations of $104.17 million. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. On average, analysts expect Carriage Services to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Carriage Services Stock Down 0.3%

Shares of NYSE CSV traded down $0.14 during mid-day trading on Friday, reaching $45.15. 68,488 shares of the company's stock traded hands, compared to its average volume of 79,367. The business has a 50-day simple moving average of $44.96 and a 200 day simple moving average of $41.50. The stock has a market cap of $708.39 million, a P/E ratio of 15.10, a PEG ratio of 0.95 and a beta of 0.89. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.95 and a quick ratio of 0.80. Carriage Services has a 1-year low of $28.78 and a 1-year high of $47.48.

Carriage Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be issued a $0.1125 dividend. The ex-dividend date is Monday, August 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.00%. Carriage Services's dividend payout ratio is currently 15.05%.

Insiders Place Their Bets

In related news, President Steven D. Metzger sold 3,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $40.60, for a total transaction of $121,800.00. Following the completion of the transaction, the president owned 75,897 shares in the company, valued at approximately $3,081,418.20. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 5,840 shares of company stock worth $237,784 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carriage Services

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Carriage Services in the first quarter valued at $689,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Carriage Services by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company's stock valued at $313,000 after acquiring an additional 312 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock valued at $36,000 after acquiring an additional 868 shares during the period. Institutional investors own 66.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CSV shares. Wall Street Zen downgraded shares of Carriage Services from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Barrington Research reiterated an "outperform" rating and issued a $50.00 target price on shares of Carriage Services in a report on Thursday, May 1st. Finally, Roth Mkm reiterated a "buy" rating and issued a $51.00 target price (up previously from $48.00) on shares of Carriage Services in a report on Friday, May 2nd.

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.