Carriage Services, Inc. (NYSE:CSV) – Stock analysts at Barrington Research lowered their FY2019 earnings estimates for shares of Carriage Services in a report issued on Wednesday, October 30th. Barrington Research analyst A. Paris. Jr now anticipates that the company will post earnings per share of $1.35 for the year, down from their prior forecast of $1.39. Barrington Research currently has a “Outperform” rating and a $30.00 price target on the stock. Barrington Research also issued estimates for Carriage Services’ Q4 2019 earnings at $0.37 EPS.
Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of Carriage Services from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Zacks Investment Research raised shares of Carriage Services from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday. Finally, Sidoti lifted their price objective on shares of Carriage Services from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st.
Carriage Services stock opened at $26.30 on Monday. The company’s 50 day simple moving average is $21.89 and its 200 day simple moving average is $20.32. Carriage Services has a fifty-two week low of $14.50 and a fifty-two week high of $26.84. The firm has a market capitalization of $458.84 million, a price-to-earnings ratio of 22.48, a PEG ratio of 1.24 and a beta of 0.66. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.82 and a quick ratio of 0.58.
Carriage Services (NYSE:CSV) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). Carriage Services had a return on equity of 9.72% and a net margin of 3.45%. The firm had revenue of $66.13 million for the quarter, compared to the consensus estimate of $65.69 million.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 7th. Carriage Services’s payout ratio is 25.64%.
A number of hedge funds have recently made changes to their positions in the business. Mackay Shields LLC bought a new position in shares of Carriage Services during the 3rd quarter worth approximately $390,000. Teton Advisors Inc. boosted its holdings in shares of Carriage Services by 23.8% during the 3rd quarter. Teton Advisors Inc. now owns 52,000 shares of the company’s stock worth $1,063,000 after buying an additional 10,000 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Carriage Services by 6.9% during the 3rd quarter. California Public Employees Retirement System now owns 86,111 shares of the company’s stock worth $1,760,000 after buying an additional 5,583 shares in the last quarter. Strs Ohio bought a new position in shares of Carriage Services during the 3rd quarter worth approximately $118,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Carriage Services during the 3rd quarter worth approximately $408,000. Hedge funds and other institutional investors own 78.21% of the company’s stock.
About Carriage Services
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.