Carriage Services, Inc. (CSV) Set to Announce Earnings on Monday
Carriage Services, Inc. (NYSE:CSV) will release its earnings data after the market closes on Monday, October 23rd. Analysts expect Carriage Services to post earnings of $0.41 per share for the quarter.
Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, July 26th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). The business had revenue of $63.87 million during the quarter, compared to analyst estimates of $64.35 million. Carriage Services had a net margin of 8.35% and a return on equity of 15.25%. Carriage Services’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. On average, analysts expect Carriage Services to post $1.59 EPS for the current fiscal year and $1.72 EPS for the next fiscal year.
Shares of Carriage Services, Inc. (NYSE CSV) opened at 25.32 on Monday. Carriage Services, Inc. has a 12 month low of $23.15 and a 12 month high of $29.11. The firm has a market capitalization of $423.35 million, a PE ratio of 21.44 and a beta of 0.89. The stock has a 50 day moving average of $24.79 and a 200-day moving average of $25.93.
Several research firms have recently issued reports on CSV. Zacks Investment Research raised Carriage Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub downgraded Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
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In other news, CEO Melvin C. Payne sold 100,000 shares of Carriage Services stock in a transaction on Friday, August 18th. The stock was sold at an average price of $23.85, for a total transaction of $2,385,000.00. Following the completion of the transaction, the chief executive officer now owns 1,131,753 shares of the company’s stock, valued at approximately $26,992,309.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.40% 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.
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