News headlines about Carriage Services (NYSE:CSV) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carriage Services earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1171465636184 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, Zacks Investment Research raised shares of Carriage Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th.
Shares of Carriage Services (NYSE:CSV) opened at $26.30 on Thursday. Carriage Services has a 12 month low of $23.15 and a 12 month high of $29.11. The company has a market cap of $423.70, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 1.86.
Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). Carriage Services had a net margin of 7.29% and a return on equity of 13.54%. The firm had revenue of $61.10 million during the quarter, compared to analyst estimates of $62.86 million. During the same quarter in the previous year, the business posted $0.43 EPS. Carriage Services’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities research analysts forecast that Carriage Services will post 1.39 EPS for the current fiscal year.
Carriage Services announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were paid a $0.075 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.30 annualized dividend and a dividend yield of 1.14%. This is a positive change from Carriage Services’s previous quarterly dividend of $0.05. Carriage Services’s dividend payout ratio (DPR) is presently 29.41%.
In related news, Director James Raymond Schenck acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the completion of the purchase, the director now directly owns 5,061 shares of the company’s stock, valued at $129,156.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mark R. Bruce sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $26.40, for a total transaction of $79,200.00. The disclosure for this sale can be found here. 13.40% of the stock is currently owned by company insiders.
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About Carriage Services
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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