Roth Capital Lowers Earnings Estimates for Carriage Services

Carriage Services, Inc. (NYSE:CSV - Free Report) - Analysts at Roth Capital dropped their Q4 2024 EPS estimates for Carriage Services in a research report issued on Friday, November 1st. Roth Capital analyst G. Kelly now expects that the company will post earnings of $0.56 per share for the quarter, down from their previous forecast of $0.67. The consensus estimate for Carriage Services' current full-year earnings is $2.50 per share. Roth Capital also issued estimates for Carriage Services' Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.80 EPS and FY2025 earnings at $3.15 EPS.

Carriage Services (NYSE:CSV - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.19. The company had revenue of $100.69 million for the quarter, compared to analysts' expectations of $93.49 million. Carriage Services had a return on equity of 24.11% and a net margin of 8.57%. During the same quarter in the previous year, the firm posted $0.33 EPS.

Other equities analysts also recently issued research reports about the stock. Roth Mkm reiterated a "buy" rating and issued a $40.00 price target (up previously from $32.00) on shares of Carriage Services in a report on Friday, August 2nd. Barrington Research increased their target price on shares of Carriage Services from $39.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday.

Carriage Services Price Performance

NYSE:CSV traded up $0.76 during trading hours on Monday, hitting $37.54. The company's stock had a trading volume of 114,068 shares, compared to its average volume of 106,784. Carriage Services has a 52-week low of $18.06 and a 52-week high of $38.33. 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 $32.53 and its two-hundred day moving average is $29.55. The company has a market capitalization of $570.98 million, a PE ratio of 16.74, a PEG ratio of 1.00 and a beta of 0.91.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a $0.1125 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.20%. Carriage Services's dividend payout ratio is presently 20.18%.

Insider Activity at Carriage Services

In related news, CEO Carlos R. Quezada acquired 2,000 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $29.44 per share, for a total transaction of $58,880.00. Following the transaction, the chief executive officer now directly owns 60,061 shares of the company's stock, valued at approximately $1,768,195.84. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Carriage Services news, VP Shawn R. Phillips sold 7,101 shares of the company's stock in a transaction dated 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. This 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, CEO Carlos R. Quezada purchased 2,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $29.44 per share, with a total value of $58,880.00. Following the completion of the acquisition, the chief executive officer now owns 60,061 shares of the company's stock, valued at approximately $1,768,195.84. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carriage Services

Institutional investors and hedge funds have recently modified their holdings of the company. FinTrust Capital Advisors LLC purchased a new position in Carriage Services during the first quarter worth about $27,000. nVerses Capital LLC lifted its holdings in shares of Carriage Services by 550.0% during the 2nd quarter. nVerses Capital LLC now owns 1,300 shares of the company's stock worth $35,000 after acquiring an additional 1,100 shares during the period. Point72 DIFC Ltd boosted its position 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 last quarter. Perritt Capital Management Inc grew its holdings in Carriage Services by 5,001.0% in the second quarter. Perritt Capital Management Inc now owns 5,101 shares of the company's stock valued at $137,000 after purchasing an additional 5,001 shares during the period. Finally, EMC Capital Management acquired a new position in Carriage Services during the first quarter worth approximately $168,000. Hedge funds and other institutional investors own 66.46% of the company's stock.

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.