Q2 2024 Earnings Estimate for Carriage Services, Inc. Issued By Roth Capital (NYSE:CSV)

Carriage Services, Inc. (NYSE:CSV) – Investment analysts at Roth Capital boosted their Q2 2024 earnings per share (EPS) estimates for Carriage Services in a note issued to investors on Thursday, May 2nd. Roth Capital analyst G. Kelly now forecasts that the company will earn $0.59 per share for the quarter, up from their previous forecast of $0.54. The consensus estimate for Carriage Services’ current full-year earnings is $2.26 per share. Roth Capital also issued estimates for Carriage Services’ Q1 2025 earnings at $0.86 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.60 EPS and Q4 2025 earnings at $0.74 EPS.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. Carriage Services had a return on equity of 22.58% and a net margin of 8.08%. The business had revenue of $103.49 million during the quarter, compared to analyst estimates of $98.17 million. During the same period in the prior year, the firm posted $0.56 EPS.

CSV has been the topic of a number of other research reports. Roth Mkm restated a “buy” rating and issued a $32.00 target price (up previously from $31.00) on shares of Carriage Services in a research note on Friday. StockNews.com lowered Carriage Services from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Carriage Services in a report on Thursday, May 2nd.

Carriage Services Trading Down 1.0 %

Shares of CSV stock opened at $25.74 on Monday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $389.70 million, a price-to-earnings ratio of 12.68, a PEG ratio of 0.77 and a beta of 0.87. Carriage Services has a 52-week low of $18.06 and a 52-week high of $35.59. The company has a 50-day simple moving average of $25.41 and a two-hundred day simple moving average of $24.38.

Hedge Funds Weigh In On Carriage Services

Institutional investors and hedge funds have recently bought and sold shares of the company. FinTrust Capital Advisors LLC purchased a new stake in shares of Carriage Services during the first quarter worth $27,000. Parallel Advisors LLC purchased a new position in shares of Carriage Services in the fourth quarter valued at $38,000. Tower Research Capital LLC TRC grew its position in shares of Carriage Services by 32.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the company’s stock valued at $92,000 after purchasing an additional 897 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Carriage Services by 89.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,907 shares of the company’s stock valued at $110,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in shares of Carriage Services in the fourth quarter valued at $154,000. 66.46% of the stock is owned by institutional investors.

Insider Activity

In other Carriage Services news, VP Paul Donald Elliott sold 6,500 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $25.87, for a total transaction of $168,155.00. Following the completion of the transaction, the vice president now directly owns 38,178 shares of the company’s stock, valued at $987,664.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Carriage Services news, COO Carlos R. Quezada sold 1,666 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $25.58, for a total transaction of $42,616.28. Following the completion of the transaction, the chief operating officer now directly owns 57,062 shares of the company’s stock, valued at $1,459,645.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Paul Donald Elliott sold 6,500 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $25.87, for a total value of $168,155.00. Following the transaction, the vice president now directly owns 38,178 shares of the company’s stock, valued at $987,664.86. The disclosure for this sale can be found here. Insiders sold a total of 14,372 shares of company stock valued at $369,521 over the last three months. Corporate insiders own 11.30% of the company’s stock.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, May 3rd. Carriage Services’s dividend payout ratio is presently 22.17%.

Carriage Services Company Profile

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.