Carriage Services (CSV) Scheduled to Post Quarterly Earnings on Wednesday

Carriage Services (NYSE:CSV) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Carriage Services has set its FY 2024 guidance at 2.300-2.400 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.53 by $0.10. Carriage Services had a return on equity of 21.99% and a net margin of 7.47%. The firm had revenue of $102.32 million for the quarter, compared to the consensus estimate of $94.40 million. 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 Trading Down 0.1 %

Shares of NYSE:CSV opened at $32.09 on Monday. The stock has a 50 day moving average of $32.23 and a 200 day moving average of $29.18. The company has a market cap of $486.64 million, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. Carriage Services has a 12-month low of $18.06 and a 12-month high of $35.00. The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 2.14.

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.1125 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.40%. Carriage Services’s payout ratio is currently 22.17%.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating and issued a $40.00 price objective (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd.

Insider Transactions at Carriage Services

In other Carriage Services news, CEO Carlos R. Quezada bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $29.44 per share, with a total value of $58,880.00. Following the completion of the acquisition, the chief executive officer now owns 60,061 shares in the company, valued at $1,768,195.84. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Carriage Services news, CEO Carlos R. Quezada bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $29.44 per share, for a total transaction of $58,880.00. Following the transaction, the chief executive officer now owns 60,061 shares of the company’s stock, valued at $1,768,195.84. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shawn R. Phillips sold 7,101 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.00, for a total transaction of $213,030.00. Following the completion of the transaction, the vice president now directly owns 90,700 shares of the company’s stock, valued at approximately $2,721,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.10% 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.