Carriage Services (CSV) Earns Daily Media Sentiment Score of 0.10
Media coverage about Carriage Services (NYSE:CSV) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carriage Services earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.2687454655142 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Carriage Services (CSV) opened at $25.22 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 1.86. Carriage Services has a 1-year low of $23.15 and a 1-year high of $29.11. The firm has a market cap of $401.02, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96.
Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). Carriage Services had a net margin of 7.29% and a return on equity of 13.54%. The company had revenue of $61.10 million during the quarter, compared to the consensus estimate of $62.86 million. During the same period last year, the company earned $0.43 earnings per share. Carriage Services’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts predict that Carriage Services will post 1.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a $0.075 dividend. The ex-dividend date is Friday, November 10th. This is an increase from Carriage Services’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 1.19%. Carriage Services’s dividend payout ratio is 29.41%.
Carriage Services announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Separately, Zacks Investment Research upgraded shares of Carriage Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
In related news, Director James Raymond Schenck purchased 1,000 shares of Carriage Services stock in a transaction on Tuesday, October 31st. The stock was purchased at an average cost of $25.52 per share, with a total value of $25,520.00. Following the acquisition, the director now directly owns 5,061 shares in the company, valued at $129,156.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 13.40% of the stock is owned by corporate 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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