Carriage Services, Inc. (NYSE:CSV - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $47.48 and last traded at $46.87, with a volume of 22237 shares changing hands. The stock had previously closed at $46.81.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Roth Mkm reaffirmed a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of Carriage Services in a report on Friday, May 2nd. Barrington Research reissued an "outperform" rating and issued a $50.00 target price on shares of Carriage Services in a research note on Thursday, May 1st. Finally, Wall Street Zen cut shares of Carriage Services from a "buy" rating to a "hold" rating in a research note on Friday, June 27th.
Read Our Latest Report on Carriage Services
Carriage Services Price Performance
The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 2.35. The company has a 50 day simple moving average of $44.64 and a 200-day simple moving average of $41.29. The stock has a market cap of $730.76 million, a price-to-earnings ratio of 15.58, a PEG ratio of 0.98 and a beta of 0.89.
Carriage Services (NYSE:CSV - Get Free Report) last posted its earnings results 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 company had revenue of $8.47 million for the quarter, compared to analysts' expectations of $104.17 million. Carriage Services had a return on equity of 21.96% and a net margin of 11.50%. As a group, research analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.
Carriage Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 4th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, August 4th. Carriage Services's payout ratio is currently 15.05%.
Insider Buying and Selling at Carriage Services
In other news, President Steven D. Metzger sold 3,508 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $40.09, for a total transaction of $140,635.72. Following the sale, the president directly owned 81,389 shares of the company's stock, valued at $3,262,885.01. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 9,348 shares of company stock worth $378,420. Company insiders own 2.60% of the company's stock.
Institutional Trading of Carriage Services
Institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new position in Carriage Services during the fourth quarter worth $220,000. Magnetar Financial LLC acquired a new stake in Carriage Services in the 4th quarter worth $308,000. Quantbot Technologies LP increased its holdings in shares of Carriage Services by 217.3% during the 4th quarter. Quantbot Technologies LP now owns 4,982 shares of the company's stock worth $199,000 after purchasing an additional 3,412 shares during the period. American Century Companies Inc. increased its holdings in shares of Carriage Services by 13.2% during the 4th quarter. American Century Companies Inc. now owns 24,892 shares of the company's stock worth $992,000 after purchasing an additional 2,900 shares during the period. Finally, Hillsdale Investment Management Inc. raised its position in shares of Carriage Services by 1.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company's stock valued at $2,450,000 after buying an additional 800 shares during the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.
Carriage Services Company Profile
(
Get Free Report)
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.
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