Carriage Services (CSV) Set to Announce Quarterly Earnings on Wednesday

Carriage Services (NYSE:CSV) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Carriage Services has set its FY 2024 guidance at 2.200-2.300 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.28. The company had revenue of $98.83 million for 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 Performance

Carriage Services stock opened at $24.92 on Monday. The company has a market cap of $377.29 million, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 0.74 and a beta of 0.84. The firm’s 50 day simple moving average is $25.37 and its 200-day simple moving average is $24.31. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.82 and a quick ratio of 0.65. Carriage Services has a fifty-two week low of $18.06 and a fifty-two week high of $35.59.

Carriage Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be paid a $0.1125 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.81%. Carriage Services’s dividend payout ratio (DPR) is currently 20.93%.

Insider Buying and Selling at Carriage Services

In other news, Director Melvin C. Payne sold 3,524 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $25.58, for a total value of $90,143.92. Following the completion of the sale, the director now directly owns 1,129,809 shares in the company, valued at $28,900,514.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Carriage Services news, EVP Steven D. Metzger sold 1,388 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 $35,505.04. Following the transaction, the executive vice president now directly owns 42,975 shares of the company’s stock, valued at approximately $1,099,300.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Melvin C. Payne sold 3,524 shares of the company’s 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 owns 1,129,809 shares of the company’s stock, valued at $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 worth $369,521 over the last 90 days. Insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CSV has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and issued a $38.00 price objective on shares of Carriage Services in a report on Friday, April 19th. StockNews.com cut Carriage Services from a “buy” rating to a “hold” rating in a research report on Friday, March 15th.

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.