Carriage Services (NYSE:CSV) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Carriage Services (NYSE:CSV) issued its earnings results on Wednesday. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03, Zacks reports. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. The company had revenue of $102.74 million for the quarter, compared to the consensus estimate of $100.96 million. Carriage Services updated its FY 2025 guidance to 3.250-3.300 EPS.

Carriage Services Trading Down 4.8%

CSV traded down $2.11 on Thursday, hitting $41.48. 71,931 shares of the company were exchanged, compared to its average volume of 109,481. The firm has a fifty day simple moving average of $44.35 and a two-hundred day simple moving average of $44.30. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.90 and a current ratio of 1.06. Carriage Services has a 12 month low of $35.51 and a 12 month high of $49.41. The stock has a market capitalization of $651.17 million, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92.

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, November 3rd. Carriage Services’s dividend payout ratio (DPR) is presently 13.51%.

Insider Transactions at Carriage Services

In related news, VP Shane Pudenz sold 13,027 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $44.36, for a total transaction of $577,877.72. Following the transaction, the vice president directly owned 14,930 shares in the company, valued at $662,294.80. This trade represents a 46.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Carriage Services by 3.0% in the second quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock worth $404,000 after purchasing an additional 258 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock valued at $313,000 after buying an additional 312 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Carriage Services by 3.0% in the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock valued at $514,000 after purchasing an additional 330 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after purchasing an additional 868 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Carriage Services by 159.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,750 shares of the company’s stock valued at $80,000 after purchasing an additional 1,075 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. B. Riley restated a “buy” rating and issued a $65.00 target price (up previously from $52.00) on shares of Carriage Services in a research note on Friday, August 8th. Raymond James Financial started coverage on shares of Carriage Services in a research report on Wednesday, October 1st. They set an “outperform” rating and a $60.00 price target on the stock. Zacks Research downgraded shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Carriage Services in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Carriage Services presently has an average rating of “Moderate Buy” and an average price target of $59.00.

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.