Carriage Services, Inc. (NYSE:CSV - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $36.99 and last traded at $36.49, with a volume of 9060 shares trading hands. The stock had previously closed at $32.66.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm reaffirmed a "buy" rating and issued a $40.00 price target (up from $32.00) on shares of Carriage Services in a research note on Friday, August 2nd.
Get Our Latest Analysis on Carriage Services
Carriage Services Stock Performance
The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.69 and a current ratio of 0.85. The business's 50-day moving average is $32.31 and its 200-day moving average is $29.32. The company has a market capitalization of $566.87 million, a PE ratio of 18.42, a PEG ratio of 0.86 and a beta of 0.94.
Carriage Services (NYSE:CSV - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. The firm had revenue of $102.32 million during the quarter, compared to analyst estimates of $94.40 million. Carriage Services had a net margin of 7.47% and a return on equity of 21.99%. On average, research analysts anticipate that Carriage Services, Inc. will post 2.34 earnings per share for the current 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 $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Monday, November 4th. Carriage Services's dividend payout ratio (DPR) is 22.17%.
Insider Transactions at Carriage Services
In other news, VP Shawn R. Phillips sold 7,101 shares of Carriage Services stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $30.00, for a total value of $213,030.00. Following the completion of the transaction, the vice president now owns 90,700 shares of the company's stock, valued at $2,721,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Carriage Services news, VP Shawn R. Phillips sold 5,000 shares of Carriage Services stock in a transaction on Friday, August 9th. The stock was sold at an average price of $29.73, for a total value of $148,650.00. Following the completion of the sale, the vice president now owns 97,801 shares of the company's stock, valued at approximately $2,907,623.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shawn R. Phillips sold 7,101 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.00, for a total value of $213,030.00. Following the transaction, the vice president now directly owns 90,700 shares in the company, valued at approximately $2,721,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.10% of the company's stock.
Institutional Investors Weigh In On Carriage Services
Several large investors have recently bought and sold shares of CSV. FinTrust Capital Advisors LLC bought a new stake in Carriage Services in the 1st quarter worth approximately $27,000. nVerses Capital LLC boosted its stake in shares of Carriage Services by 550.0% in the 2nd quarter. nVerses Capital LLC now owns 1,300 shares of the company's stock worth $35,000 after buying an additional 1,100 shares during the last quarter. Point72 DIFC Ltd grew its holdings in shares of Carriage Services by 613.0% in the second quarter. Point72 DIFC Ltd now owns 1,861 shares of the company's stock worth $50,000 after acquiring an additional 1,600 shares during the period. Perritt Capital Management Inc increased its position in Carriage Services by 5,001.0% during the second quarter. Perritt Capital Management Inc now owns 5,101 shares of the company's stock valued at $137,000 after acquiring an additional 5,001 shares during the last quarter. Finally, EMC Capital Management bought a new position in Carriage Services in the first quarter valued at about $168,000. 66.46% of the stock is currently owned by institutional investors.
About Carriage Services
(
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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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