Carriage Services (NYSE:CSV) posted its quarterly earnings data on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01), reports. Carriage Services had a return on equity of 13.54% and a net margin of 7.29%. The firm had revenue of $65.10 million for the quarter, compared to analyst estimates of $65.34 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Carriage Services updated its FY18 guidance to $2.00-$2.05 EPS.

Carriage Services (CSV) traded down $0.09 during trading hours on Wednesday, reaching $25.43. The company’s stock had a trading volume of 81,419 shares, compared to its average volume of 131,739. Carriage Services has a 12-month low of $23.15 and a 12-month high of $28.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.54 and a current ratio of 0.70. The firm has a market cap of $411.00, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 0.95 and a beta of 0.82.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, February 9th. Carriage Services’s dividend payout ratio is 29.41%.

In other Carriage Services news, COO Mark R. Bruce sold 3,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $26.40, for a total transaction of $79,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 4,241 shares of company stock worth $111,354. Company insiders own 13.40% of the company’s stock.

Carriage Services declared that its board has initiated a stock repurchase program on Wednesday, October 25th that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Separately, Zacks Investment Research downgraded Carriage Services from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

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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.

Earnings History for Carriage Services (NYSE:CSV)

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