Carriage Services (NYSE:CSV) Issues FY 2024 Earnings Guidance

Carriage Services (NYSE:CSV) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.450-2.550 for the period, compared to the consensus EPS estimate of 2.340. The company issued revenue guidance of $395.0 million-$405.0 million, compared to the consensus revenue estimate of $395.8 million.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and issued a $40.00 target price (up previously from $32.00) on shares of Carriage Services in a report on Friday, August 2nd.

Carriage Services Stock Up 0.2 %

Shares of CSV stock traded up $0.05 on Wednesday, hitting $32.64. The stock had a trading volume of 60,611 shares, compared to its average volume of 105,290. The business has a 50 day moving average of $32.31 and a 200 day moving average of $29.32. The stock has a market cap of $494.99 million, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.85 and a quick ratio of 0.69. Carriage Services has a 12-month low of $18.06 and a 12-month high of $35.00.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, July 31st. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.53 by $0.10. The company had revenue of $102.32 million during the quarter, compared to the consensus estimate of $94.40 million. Carriage Services had a net margin of 7.47% and a return on equity of 21.99%. As a group, analysts expect that Carriage Services will post 2.34 EPS for the current year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.1125 per share. The ex-dividend date is Monday, November 4th. This represents a $0.45 dividend on an annualized basis and a yield of 1.38%. Carriage Services’s dividend payout ratio (DPR) is presently 22.17%.

Insider Buying and Selling

In related news, VP Shawn R. Phillips sold 7,101 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.00, for a total transaction of $213,030.00. Following the completion of the sale, the vice president now owns 90,700 shares in the company, valued at approximately $2,721,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Shawn R. Phillips sold 7,101 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.00, for a total transaction of $213,030.00. Following the completion of the sale, the vice president now owns 90,700 shares in the company, valued at approximately $2,721,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shawn R. Phillips sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $29.73, for a total transaction of $148,650.00. Following the sale, the vice president now owns 97,801 shares of the company’s stock, valued at $2,907,623.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.10% of the stock is currently owned by corporate insiders.

About Carriage Services

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.