Carriage Services (NYSE:CSV) Posts Earnings Results, Beats Estimates By $0.11 EPS

Carriage Services (NYSE:CSV - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.11, RTT News reports. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The business had revenue of $97.70 million for the quarter, compared to the consensus estimate of $96.72 million. During the same period last year, the business earned $0.77 EPS. Carriage Services updated its FY 2025 guidance to 3.100-3.300 EPS.

Carriage Services Stock Performance

NYSE:CSV traded up $0.48 during mid-day trading on Friday, hitting $40.16. 134,916 shares of the company's stock traded hands, compared to its average volume of 136,693. The firm has a market capitalization of $611.36 million, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The firm has a 50 day moving average of $40.33 and a two-hundred day moving average of $36.93. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. Carriage Services has a 12 month low of $23.20 and a 12 month high of $42.75.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.12%. Carriage Services's dividend payout ratio is presently 21.43%.

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Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an "outperform" rating and set a $50.00 price objective on shares of Carriage Services in a report on Friday.

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.