Carriage Services (NYSE:CSV) Releases FY 2025 Earnings Guidance

Key Points

• Carriage Services has issued FY 2025 earnings guidance with a projected earnings per share of $3.150-$3.350 and revenue guidance of $410.0 million-$420.0 million, outperforming consensus estimates.
• The company recently announced a quarterly dividend of $0.1125 per share, resulting in an annualized dividend of $0.45 and a dividend yield of 1.0%.
• Carriage Services' stock saw a slight decline during trading, with its current market price at $46.17 and a year-to-date high of $47.48.

Carriage Services (NYSE:CSV - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.150-3.350 for the period, compared to the consensus estimate of 3.220. The company issued revenue guidance of $410.0 million-$420.0 million, compared to the consensus revenue estimate of $408.0 million.

Carriage Services Stock Down 1.3%

Shares of NYSE CSV traded down $0.63 during mid-day trading on Monday, reaching $47.54. The company had a trading volume of 164,479 shares, compared to its average volume of 114,055. The stock has a fifty day moving average of $45.52 and a two-hundred day moving average of $41.95. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.90 and a current ratio of 1.06. The company has a market capitalization of $745.82 million, a price-to-earnings ratio of 14.27, a PEG ratio of 0.98 and a beta of 0.83. Carriage Services has a 12-month low of $29.56 and a 12-month high of $49.41.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $102.15 million for the quarter, compared to analyst estimates of $101.36 million. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. As a group, equities research analysts expect that Carriage Services will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th will be paid a dividend of $0.1125 per share. The ex-dividend date is Monday, August 4th. This represents a $0.45 dividend on an annualized basis and a yield of 0.9%. Carriage Services's payout ratio is currently 13.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Roth Mkm reiterated a "buy" rating and set a $51.00 price target (up previously from $48.00) on shares of Carriage Services in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Carriage Services from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Barrington Research lifted their price target on shares of Carriage Services from $50.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, B. Riley reissued a "buy" rating and set a $65.00 price objective (up from $52.00) on shares of Carriage Services in a report on Friday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of Carriage Services in the first quarter valued at about $689,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Carriage Services by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company's stock valued at $313,000 after buying an additional 312 shares during the last quarter. Creative Planning bought a new position in shares of Carriage Services in the second quarter valued at about $200,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Carriage Services by 1,736.0% in the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock valued at $36,000 after buying an additional 868 shares during the last quarter. 66.46% of the stock is owned by institutional investors.

Carriage Services Company Profile

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.