Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides products and services, such as interment services; the rights to interment in cemetery sites comprising grave sites, mausoleum crypts, and niches; and related cemetery merchandise, including memorials and vaults. As of December 31, 2017, the company operated 178 funeral homes in 29 states; and 32 cemeteries in 11 states. Carriage Services, Inc. was founded in 1991 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Personal services
Sub-IndustrySpecialized Consumer Services
SectorConsumer Staples
SymbolNYSE:CSV
CUSIP14390510
Phone713-332-8400
Debt
Debt-to-Equity Ratio1.49
Current Ratio2.62
Quick Ratio2.36
Price-To-Earnings
Trailing P/E Ratio16.83
Forward P/E Ratio17.46
P/E Growth1.17
Sales & Book Value
Annual Sales$258.14 million
Price / Sales1.74
Cash Flow$2.8329 per share
Price / Cash8.26
Book Value$12.28 per share
Price / Book1.91
Profitability
EPS (Most Recent Fiscal Year)$1.39
Net Income$37.19 million
Net Margins14.40%
Return on Equity12.49%
Return on Assets2.81%
Miscellaneous
Employees2,659
Outstanding Shares19,150,000
Market Cap$450.86 million
Carriage Services (NYSE:CSV) Frequently Asked Questions
What is Carriage Services' stock symbol?
Carriage Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "CSV."
How often does Carriage Services pay dividends? What is the dividend yield for Carriage Services?
Carriage Services declared a quarterly dividend on Wednesday, July 25th. Stockholders of record on Tuesday, August 14th will be paid a dividend of $0.075 per share on Tuesday, September 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, August 13th. View Carriage Services' Dividend History.
How will Carriage Services' stock buyback program work?
Carriage Services announced that its Board of Directors has authorized a share repurchase program on Thursday, October 26th 2017, which authorizes the company to buyback $15,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
How were Carriage Services' earnings last quarter?
Carriage Services, Inc. (NYSE:CSV) issued its earnings results on Wednesday, August, 1st. The company reported $0.22 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.37 by $0.15. The business had revenue of $63 million for the quarter, compared to analyst estimates of $69.16 million. Carriage Services had a net margin of 14.40% and a return on equity of 12.49%. View Carriage Services' Earnings History.
When is Carriage Services' next earnings date?
What price target have analysts set for CSV?
1 equities research analysts have issued twelve-month price objectives for Carriage Services' stock. Their predictions range from $32.00 to $32.00. On average, they anticipate Carriage Services' stock price to reach $32.00 in the next year. This suggests a possible upside of 36.8% from the stock's current price. View Analyst Price Targets for Carriage Services.
What is the consensus analysts' recommendation for Carriage Services?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carriage Services in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Carriage Services.
What are Wall Street analysts saying about Carriage Services stock?
Here are some recent quotes from research analysts about Carriage Services stock:
- 1. Barrington Research analysts commented, "We view Carriage Services as a superior consolidation, operating and value creation investment platform and, given its growth potential and margin profile, Carriage Services clearly warrants a higher multiple than the market currently affords it. With a stronger balance sheet (enhanced by the recent recapitalization) and a goal to reduce debt to 4-4.5x while simultaneously increasing the pace of acquisition, we are reiterating our OUTPERFORM investment rating and our 12-month $32 price target." (6/8/2018)
- 2. According to Zacks Investment Research, "Carriage Services, Inc. is a leading provider of death care services and products in the United States. Carriage provides a complete range of services relating to funerals, burials and cremations, including the use of funeral homes and motor vehicles, the performance of cemetery interment services and the management and maintenance of cemetery grounds. They also sell related products and merchandise including caskets, burial vaults, garments, cemetery interment rights, stone and bronze memorials, as well as other items. " (4/27/2018)
Who are some of Carriage Services' key competitors?
Some companies that are related to Carriage Services include Boyd Group Income Fund (BFGIF), InvoCare (IVC), Regis (RGS), CVS Group (CVSG), CEWE Stiftung & Co KGaA (CWC), Care.com (CRCM), Dignity (DTY), Envirostar (EVI), Park Lawn (PLC), Xafinity (XAF), Slater & Gordon (SGH), StoneMor Partners (STON), Cannabis Sativa (CBDS), Dolphin Entertainment (DLPN) and Yogaworks (YOGA).
Who are Carriage Services' key executives?
Carriage Services' management team includes the folowing people:
- Mr. Melvin C. Payne, Founder, Exec. Chairman & CEO (Age 75)
- Ms. Viki King Blinderman, Principal Financial Officer, Chief Accounting Officer, Sr. VP & Sec. (Age 49)
- Mr. Carl Benjamin Brink, CFO, Sr. VP & Treasurer (Age 37)
- Mr. Mark R. Bruce, COO & Sr. VP (Age 51)
- Mr. Shawn R. Phillips, Sr. VP and Head of Strategic & Corp. Devel. (Age 55)
Has Carriage Services been receiving favorable news coverage?
Headlines about CSV stock have trended somewhat positive on Sunday, according to Accern. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carriage Services earned a media and rumor sentiment score of 0.02 on Accern's scale. They also gave news coverage about the company an impact score of 46.12 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for Carriage Services.
Who are Carriage Services' major shareholders?
Carriage Services' stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (14.76%), Dimensional Fund Advisors LP (8.54%), BlackRock Inc. (8.38%), Renaissance Technologies LLC (6.01%), LSV Asset Management (4.21%) and Fenimore Asset Management Inc. (2.22%). Company insiders that own Carriage Services stock include Adeola Olaniyan, Barry K Fingerhut, Bryan Leibman, Carl Benjamin Brink, James Raymond Schenck, Mark R Bruce, Melvin C Payne and Shawn R Phillips. View Institutional Ownership Trends for Carriage Services.
Which institutional investors are selling Carriage Services stock?
CSV stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of Montreal Can, LSV Asset Management, California Public Employees Retirement System, DF Dent & Co. Inc., American Century Companies Inc., Dimensional Fund Advisors LP and Schwab Charles Investment Management Inc.. Company insiders that have sold Carriage Services company stock in the last year include Adeola Olaniyan and Mark R Bruce. View Insider Buying and Selling for Carriage Services.
Which institutional investors are buying Carriage Services stock?
CSV stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Martingale Asset Management L P, Bank of America Corp DE, Global Alpha Capital Management Ltd., Cornerstone Wealth Management LLC, Spark Investment Management LLC and Redmond Asset Management LLC. Company insiders that have bought Carriage Services stock in the last two years include Barry K Fingerhut, Bryan Leibman, Carl Benjamin Brink and James Raymond Schenck. View Insider Buying and Selling for Carriage Services.
How do I buy shares of Carriage Services?
Shares of CSV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Carriage Services' stock price today?
One share of CSV stock can currently be purchased for approximately $23.40.
How big of a company is Carriage Services?
Carriage Services has a market capitalization of $450.86 million and generates $258.14 million in revenue each year. The company earns $37.19 million in net income (profit) each year or $1.39 on an earnings per share basis. Carriage Services employs 2,659 workers across the globe.
How can I contact Carriage Services?
Carriage Services' mailing address is 3040 POST OAK BOULEVARD SUITE 300, HOUSTON TX, 77056. The company can be reached via phone at 713-332-8400.
MarketBeat Community Rating for Carriage Services (NYSE CSV)
MarketBeat's community ratings are surveys of what our community members think about Carriage Services and other stocks. Vote "Outperform" if you believe CSV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CSV will underperform the S&P 500 over the long term. You may vote once every thirty days.
