Carriage Services (CSV) Issues Quarterly Earnings Results
Carriage Services (NYSE:CSV) announced its earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04, Fidelity Earnings reports. Carriage Services had a net margin of 13.91% and a return on equity of 10.80%. The company had revenue of $66.52 million for the quarter, compared to analysts’ expectations of $67.92 million.
Shares of CSV stock traded up $0.79 on Thursday, hitting $20.71. 1,805 shares of the stock traded hands, compared to its average volume of 92,029. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.48. The stock has a market cap of $374.85 million, a price-to-earnings ratio of 14.90, a PEG ratio of 0.94 and a beta of 0.94. Carriage Services has a twelve month low of $14.50 and a twelve month high of $28.96.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 11th will be given a dividend of $0.075 per share. The ex-dividend date is Friday, February 8th. This represents a $0.30 annualized dividend and a dividend yield of 1.45%. Carriage Services’s payout ratio is 21.58%.
In other news, Director Barry K. Fingerhut purchased 1,700 shares of the stock in a transaction dated Friday, November 30th. The shares were purchased at an average price of $16.80 per share, with a total value of $28,560.00. Following the transaction, the director now owns 5,942 shares in the company, valued at approximately $99,825.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donald Douglas Patteson, Jr. purchased 3,200 shares of the stock in a transaction dated Tuesday, December 11th. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $51,200.00. Following the transaction, the director now owns 54,631 shares in the company, valued at approximately $874,096. The disclosure for this purchase can be found here. In the last three months, insiders have sold 5,758 shares of company stock worth $96,736. Corporate insiders own 13.60% of the company’s stock.
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Carriage Services Company Profile
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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