Carriage Services Inc. (CSV) PT Raised to $32.00
Carriage Services Inc. (NYSE:CSV) had its target price boosted by stock analysts at Barrington Research from $30.00 to $32.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock.
Separately, Zacks Investment Research cut Carriage Services from a “hold” rating to a “sell” rating in a research report on Friday, July 29th.
Shares of Carriage Services (NYSE:CSV) traded up 1.689% during mid-day trading on Thursday, reaching $23.775. 8,658 shares of the company were exchanged. The firm has a market capitalization of $395.66 million, a price-to-earnings ratio of 21.247 and a beta of 0.76. The company’s 50-day moving average is $23.48 and its 200 day moving average is $23.00. Carriage Services has a 12 month low of $19.03 and a 12 month high of $25.96.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/carriage-services-inc-csv-pt-raised-to-32-00.html
Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.02. Carriage Services had a net margin of 8.01% and a return on equity of 16.56%. The business earned $61.87 million during the quarter, compared to the consensus estimate of $61.34 million. During the same period in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts predict that Carriage Services will post $1.70 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Tuesday, August 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from Carriage Services’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, August 12th. Carriage Services’s dividend payout ratio is presently 17.86%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new position in shares of Carriage Services during the second quarter worth approximately $123,000. BlackRock Group LTD raised its position in shares of Carriage Services by 87.5% in the second quarter. BlackRock Group LTD now owns 7,980 shares of the company’s stock worth $189,000 after buying an additional 3,723 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Carriage Services during the second quarter worth approximately $204,000. Capital Planning Advisors LLC purchased a new position in shares of Carriage Services during the second quarter worth approximately $215,000. Finally, Stevens Capital Management LP purchased a new position in shares of Carriage Services during the second quarter worth approximately $224,000. Institutional investors and hedge funds own 77.51% of the company’s stock.
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.
Receive News & Ratings for Carriage Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carriage Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.