Carriage Services, Inc. (NYSE:CSV - Get Free Report) VP Paul Donald Elliott sold 5,000 shares of Carriage Services stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the transaction, the vice president now owns 34,166 shares of the company's stock, valued at approximately $1,290,791.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Carriage Services Stock Up 4.7 %
Shares of CSV opened at $39.77 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 2.14. Carriage Services, Inc. has a 12 month low of $18.06 and a 12 month high of $39.97. The stock's 50 day moving average is $32.87 and its two-hundred day moving average is $29.81. The firm has a market cap of $604.86 million, a P/E ratio of 17.83, a PEG ratio of 0.98 and a beta of 0.91.
Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.19. The firm had revenue of $100.69 million for the quarter, compared to analyst estimates of $93.49 million. Carriage Services had a return on equity of 24.11% and a net margin of 8.57%. During the same period in the previous year, the company posted $0.33 earnings per share. Analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.
Carriage Services Announces Dividend
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The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, November 4th. Carriage Services's dividend payout ratio is presently 20.18%.
Institutional Trading of Carriage Services
A number of institutional investors have recently made changes to their positions in CSV. nVerses Capital LLC boosted its stake in shares of Carriage Services by 550.0% in the second quarter. nVerses Capital LLC now owns 1,300 shares of the company's stock worth $35,000 after acquiring an additional 1,100 shares during the last quarter. Point72 DIFC Ltd boosted its stake in shares of Carriage Services by 613.0% in the second quarter. Point72 DIFC Ltd now owns 1,861 shares of the company's stock worth $50,000 after acquiring an additional 1,600 shares during the last quarter. Perritt Capital Management Inc boosted its stake in shares of Carriage Services by 5,001.0% in the second quarter. Perritt Capital Management Inc now owns 5,101 shares of the company's stock worth $137,000 after acquiring an additional 5,001 shares during the last quarter. EMC Capital Management purchased a new position in Carriage Services during the first quarter worth approximately $168,000. Finally, TSA Wealth Managment LLC purchased a new position in Carriage Services during the first quarter worth approximately $206,000. 66.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Barrington Research raised their price objective on Carriage Services from $39.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Roth Mkm reissued a "buy" rating and issued a $40.00 price objective (up from $32.00) on shares of Carriage Services in a report on Friday, August 2nd.
Read Our Latest Stock Report on Carriage Services
Carriage Services Company Profile
(
Get Free Report)
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.
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