Carriage Services (CSV) Earning Somewhat Favorable News Coverage, Accern Reports
News headlines about Carriage Services (NYSE:CSV) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog 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 daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the company an impact score of 66 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.
CSV has been the subject of several research analyst reports. Zacks Investment Research raised Carriage Services from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Jefferies Group LLC reissued a “hold” rating and issued a $82.00 price objective on shares of Carriage Services in a research note on Monday, June 12th.
Shares of Carriage Services (NYSE CSV) traded up 0.30% during midday trading on Friday, reaching $26.63. The company had a trading volume of 185,609 shares. Carriage Services has a 52-week low of $21.97 and a 52-week high of $29.11. The firm has a market cap of $444.80 million, a P/E ratio of 21.46 and a beta of 1.00. The company’s 50-day moving average is $26.62 and its 200-day moving average is $27.09.
Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $68.20 million during the quarter, compared to the consensus estimate of $67.45 million. Carriage Services had a net margin of 8.73% and a return on equity of 16.14%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. Equities research analysts expect that Carriage Services will post $1.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. Carriage Services’s dividend payout ratio (DPR) is 16.13%.
In related news, CFO Carl Benjamin Brink bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average price of $26.99 per share, for a total transaction of $26,990.00. Following the completion of the acquisition, the chief financial officer now owns 7,059 shares of the company’s stock, valued at approximately $190,522.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bryan Leibman bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were bought at an average price of $27.40 per share, for a total transaction of $82,200.00. Following the acquisition, the director now directly owns 18,837 shares of the company’s stock, valued at approximately $516,133.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,000 shares of company stock worth $136,440. Corporate insiders own 18.20% of the company’s stock.
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Carriage Services Company Profile
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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