Carriage Services (NYSE:CSV) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.00-$2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.07. The company issued revenue guidance of $280-$285 million, compared to the consensus revenue estimate of $276.30 million.
Shares of Carriage Services (NYSE CSV) traded down $0.09 during mid-day trading on Wednesday, reaching $25.43. The company had a trading volume of 81,419 shares, compared to its average volume of 131,739. Carriage Services has a 1-year low of $23.15 and a 1-year high of $28.96. The company has a market capitalization of $411.00, a PE ratio of 25.08, a PEG ratio of 0.95 and a beta of 0.82. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.70 and a quick ratio of 0.54.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, February 9th. Carriage Services’s dividend payout ratio (DPR) is presently 29.41%.
Separately, Zacks Investment Research lowered Carriage Services from a hold rating to a sell rating in a research note on Thursday, February 8th.
In other news, COO Mark R. Bruce sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $26.40, for a total transaction of $79,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 4,241 shares of company stock worth $111,354 over the last ninety days. 13.40% of the stock is owned by insiders.
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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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