Carriage Services (CSV) to Release Earnings on Wednesday

Carriage Services (NYSE:CSV - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Carriage Services to post earnings of $0.59 per share for the quarter. Carriage Services has set its FY 2024 guidance at 2.200-2.300 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Carriage Services (NYSE:CSV - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.28. The firm had revenue of $98.83 million during the quarter, compared to analysts' expectations of $93.27 million. Carriage Services had a return on equity of 21.39% and a net margin of 8.73%. On average, analysts expect Carriage Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Carriage Services Stock Up 1.0 %

CSV stock traded up $0.25 during trading on Wednesday, hitting $25.43. 116,310 shares of the company's stock were exchanged, compared to its average volume of 91,672. The business has a 50-day moving average price of $25.39 and a two-hundred day moving average price of $24.32. The stock has a market capitalization of $385.01 million, a price-to-earnings ratio of 11.83, a PEG ratio of 0.74 and a beta of 0.84. Carriage Services has a 52-week low of $18.06 and a 52-week high of $35.59. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.32.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 6th will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 3rd. Carriage Services's payout ratio is 20.93%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com cut Carriage Services from a "buy" rating to a "hold" rating in a research note on Friday, March 15th. Barrington Research restated an "outperform" rating and set a $38.00 target price on shares of Carriage Services in a research note on Friday, April 19th.

Insiders Place Their Bets

In other Carriage Services news, VP Paul Donald Elliott sold 6,500 shares of Carriage Services stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $25.87, for a total transaction of $168,155.00. Following the transaction, the vice president now owns 38,178 shares of the company's stock, valued at $987,664.86. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Carriage Services news, VP Paul Donald Elliott sold 6,500 shares of Carriage Services stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $25.87, for a total transaction of $168,155.00. Following the transaction, the vice president now owns 38,178 shares of the company's stock, valued at $987,664.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Melvin C. Payne sold 3,524 shares of Carriage Services stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $25.58, for a total value of $90,143.92. Following the transaction, the director now directly owns 1,129,809 shares in the company, valued at approximately $28,900,514.22. The disclosure for this sale can be found here. Insiders have sold a total of 14,372 shares of company stock valued at $369,521 over the last quarter. Company insiders own 11.30% of the company's stock.

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.