Carriage Services, Inc. (NYSE:CSV - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $33.50 and traded as high as $39.57. Carriage Services shares last traded at $38.57, with a volume of 53,334 shares traded.
Wall Street Analyst Weigh In
CSV has been the subject of several recent analyst reports. Barrington Research raised their price objective on shares of Carriage Services from $39.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Roth Mkm reiterated a "buy" rating and set a $40.00 price target (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd.
Read Our Latest Analysis on Carriage Services
Carriage Services Price Performance
The company has a market cap of $587.15 million, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The company has a fifty day simple moving average of $33.50 and a two-hundred day simple moving average of $30.31.
Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.19. The company had revenue of $100.69 million during the quarter, compared to analysts' expectations of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same quarter in the previous year, the business posted $0.33 earnings per share. On average, equities research analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.
Carriage Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Monday, November 4th. Carriage Services's dividend payout ratio (DPR) is presently 20.18%.
Insiders Place Their Bets
In other news, VP Paul Donald Elliott sold 5,000 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the vice president now directly owns 34,166 shares in the company, valued at $1,290,791.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Carriage Services
A number of institutional investors have recently modified their holdings of CSV. Hillsdale Investment Management Inc. purchased a new stake in Carriage Services in the 1st quarter worth approximately $1,517,000. Price T Rowe Associates Inc. MD grew its position in shares of Carriage Services by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,475 shares of the company's stock valued at $284,000 after purchasing an additional 746 shares during the period. EMC Capital Management acquired a new position in Carriage Services in the first quarter valued at $168,000. Linden Thomas Advisory Services LLC lifted its position in Carriage Services by 10.1% during the second quarter. Linden Thomas Advisory Services LLC now owns 18,861 shares of the company's stock worth $506,000 after buying an additional 1,727 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Carriage Services by 201.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company's stock worth $6,166,000 after buying an additional 153,538 shares during the last quarter. Institutional investors and hedge funds own 66.46% of the company's stock.
Carriage Services Company Profile
(
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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.
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