Carriage Services (NYSE:CSV) issued its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01, MarketWatch Earnings reports. The business had revenue of $77.49 million for the quarter, compared to analyst estimates of $68.85 million. Carriage Services had a return on equity of 9.68% and a net margin of 1.35%.
Shares of CSV opened at $18.60 on Friday. The firm has a market cap of $344.41 million, a PE ratio of 88.57, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76. Carriage Services has a 52-week low of $13.54 and a 52-week high of $28.50. The business’s 50 day moving average price is $15.18 and its two-hundred day moving average price is $21.35. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.92 and a current ratio of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.30 dividend on an annualized basis and a yield of 1.61%. Carriage Services’s payout ratio is currently 25.00%.
CSV has been the topic of several research reports. Zacks Investment Research upgraded Carriage Services from a “sell” rating to a “hold” rating in a report on Friday, May 8th. Barrington Research restated an “outperform” rating and issued a $30.00 price objective (up from $25.00) on shares of Carriage Services in a report on Wednesday. Finally, Sidoti raised their price target on shares of Carriage Services from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday.
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.
See Also: What is a Market Correction?
Receive News & Ratings for Carriage Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carriage Services and related companies with MarketBeat.com's FREE daily email newsletter.