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
Industry Personal services
Sub-IndustrySpecialized Consumer Services
SectorConsumer Staples
SymbolNYSE:CSV
CUSIP14390510
Phone713-332-8400
Debt
Debt-to-Equity Ratio1.58
Current Ratio0.68
Quick Ratio0.52
Price-To-Earnings
Trailing P/E Ratio17.79
Forward P/E Ratio17.29
P/E Growth1.16
Sales & Book Value
Annual Sales$258.14 million
Price / Sales1.55
Cash Flow$2.8425 per share
Price / Cash8.70
Book Value$12.28 per share
Price / Book2.01
Profitability
EPS (Most Recent Fiscal Year)$1.39
Net Income$37.19 million
Net Margins14.98%
Return on Equity14.08%
Return on Assets3.02%
Miscellaneous
Employees2,659
Outstanding Shares16,180,000
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 announced a quarterly dividend on Friday, April 27th. Investors of record on Monday, May 14th will be given a dividend of $0.075 per share on Friday, June 1st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, May 11th. View Carriage Services' Dividend History.
How will Carriage Services' stock buyback program work?
Carriage Services announced that its board has approved a stock buyback program on Thursday, October 26th 2017, which permits the company to repurchase $15,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.
How were Carriage Services' earnings last quarter?
Carriage Services, Inc. (NYSE:CSV) released its quarterly earnings results on Wednesday, April, 25th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. The company had revenue of $73.39 million for the quarter, compared to analysts' expectations of $76.54 million. Carriage Services had a return on equity of 14.08% and a net margin of 14.98%. View Carriage Services' Earnings History.
What price target have analysts set for CSV?
1 Wall Street analysts have issued 1-year price targets for Carriage Services' shares. Their predictions range from $32.00 to $32.00. On average, they expect Carriage Services' stock price to reach $32.00 in the next year. 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)
Are investors shorting Carriage Services?
Carriage Services saw a decline in short interest in the month of May. As of May 15th, there was short interest totalling 933,923 shares, a decline of 40.9% from the April 30th total of 1,579,891 shares. Based on an average daily volume of 167,915 shares, the short-interest ratio is currently 5.6 days. Currently, 6.3% of the shares of the stock are short sold. View Carriage Services' Current Options Chain.
Who are some of Carriage Services' key competitors?
Some companies that are related to Carriage Services include InvoCare (IVC), Regis (RGS), CVS Group (CVSG), Care.com (CRCM), CEWE Stiftung & Co KGaA (CWC), Dignity (DTY), Envirostar (EVI), Park Lawn (PLC), Xafinity (XAF), Slater & Gordon (SGH), StoneMor Partners (STON), Cannabis Sativa (CBDS), Dolphin Entertainment (DLPN), Yogaworks (YOGA) and Parkit Enterprise (PKT).
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?
News articles about CSV stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. 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 news sentiment score of 0.13 on Accern's scale. They also assigned press coverage about the company an impact score of 47.24 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Carriage Services' major shareholders?
Carriage Services' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.58%), BlackRock Inc. (7.99%), LSV Asset Management (4.75%), Westwood Holdings Group Inc. (3.09%), Global Alpha Capital Management Ltd. (1.73%) and Russell Investments Group Ltd. (1.19%). 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 major investors are selling Carriage Services stock?
CSV stock was sold by a variety of institutional investors in the last quarter, including Tiverton Asset Management LLC, Westwood Holdings Group Inc., Glen Harbor Capital Management LLC, LSV Asset Management, Flinton Capital Management LLC, Dimensional Fund Advisors LP, Keeley Teton Advisors LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold Carriage Services company stock in the last year include Adeola Olaniyan, Mark R Bruce and Melvin C Payne. View Insider Buying and Selling for Carriage Services.
Which major investors are buying Carriage Services stock?
CSV stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Global Alpha Capital Management Ltd., GSA Capital Partners LLP, American Century Companies Inc., Russell Investments Group Ltd., Victory Capital Management Inc. and Spark Investment 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 $24.73.
How big of a company is Carriage Services?
Carriage Services has a market capitalization of $401.13 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 (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.
