Carriage Services (CSV) Receives News Impact Rating of 0.25
Media stories about Carriage Services (NYSE:CSV) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Carriage Services earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.3535232336782 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Carriage Services (NYSE:CSV) remained flat at $25.40 during trading on Thursday. The company’s stock had a trading volume of 27,813 shares. The company has a market cap of $424.69 million, a PE ratio of 21.51 and a beta of 0.89. Carriage Services has a 12-month low of $23.11 and a 12-month high of $29.11. The company has a 50 day moving average price of $24.72 and a 200 day moving average price of $25.96.
Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.10). The company had revenue of $63.87 million for the quarter, compared to analyst estimates of $64.35 million. Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. Carriage Services’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. Equities research analysts forecast that Carriage Services will post $1.62 earnings per share for the current year.
A number of brokerages have recently issued reports on CSV. Zacks Investment Research raised Carriage Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub downgraded Carriage Services from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
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In other Carriage Services news, CEO Melvin C. Payne sold 100,000 shares of Carriage Services stock in a transaction on Friday, August 18th. The shares were sold at an average price of $23.85, for a total value of $2,385,000.00. Following the transaction, the chief executive officer now directly owns 1,131,753 shares in the company, valued at $26,992,309.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 13.40% of the company’s stock.
About Carriage Services
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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