Carriage Services (NYSE:CSV) Issues 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 guidance of 3.150-3.350 for the period, compared to the consensus earnings per share 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 Performance

Carriage Services stock traded down $0.04 during mid-day trading on Thursday, reaching $46.17. 48,468 shares of the company traded hands, compared to its average volume of 112,108. The firm's fifty day moving average is $45.33 and its two-hundred day moving average is $41.81. Carriage Services has a fifty-two week low of $29.21 and a fifty-two week high of $47.48. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.95 and a quick ratio of 0.80. The company has a market capitalization of $724.55 million, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83.

Carriage Services (NYSE:CSV - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $102.15 million for the quarter, compared to analyst estimates of $101.36 million. Carriage Services had a return on equity of 21.96% and a net margin of 11.50%. On average, equities research analysts expect that Carriage Services will post 2.5 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The business 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 dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, August 4th. Carriage Services's payout ratio is currently 15.05%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSV. Barrington Research reissued an "outperform" rating and set a $50.00 price target on shares of Carriage Services in a research report on Wednesday, July 30th. Wall Street Zen cut Carriage Services from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Roth Mkm reissued 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.

Hedge Funds Weigh In On Carriage Services

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock worth $36,000 after purchasing an additional 868 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company's stock valued at $313,000 after purchasing an additional 312 shares during the period. Finally, Jane Street Group LLC bought a new position in Carriage Services during the 1st quarter worth $689,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

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.

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