Q4 EPS Forecast for Carriage Services Lowered by Analyst

Carriage Services, Inc. (NYSE:CSV) – Analysts at Roth Capital cut their Q4 2024 earnings estimates for shares of 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 prior 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.

Other equities research analysts have also issued reports about the stock. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price objective (up from $32.00) on shares of Carriage Services in a research note on Friday, August 2nd. Barrington Research upped their price target on shares of Carriage Services from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st.

Carriage Services Stock Performance

Shares of CSV stock opened at $37.54 on Monday. The stock 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. The business’s 50 day simple moving average is $32.53 and its 200 day simple moving average is $29.55. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.85 and a quick ratio of 0.69. Carriage Services has a one year low of $18.06 and a one year high of $38.33.

Carriage Services (NYSE:CSV) last announced 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. Carriage Services had a return on equity of 24.11% and a net margin of 8.57%. The business had revenue of $100.69 million during the quarter, compared to analyst estimates of $93.49 million. During the same period last year, the company earned $0.33 EPS.

Institutional Trading of Carriage Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in Carriage Services by 201.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock worth $6,166,000 after acquiring an additional 153,538 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Carriage Services in the 3rd quarter worth about $4,310,000. BNP Paribas Financial Markets grew its position in Carriage Services by 741.8% in the 1st quarter. BNP Paribas Financial Markets now owns 87,879 shares of the company’s stock worth $2,376,000 after purchasing an additional 77,439 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Carriage Services in the 1st quarter valued at about $1,517,000. Finally, Renaissance Technologies LLC lifted its position in shares of Carriage Services by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock worth $16,547,000 after buying an additional 46,700 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

Insider Buying and Selling

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 shares were 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 directly owns 97,801 shares of the company’s stock, valued at approximately $2,907,623.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Carriage Services news, 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 transaction of $213,030.00. Following the transaction, the vice president now owns 90,700 shares in the company, valued at approximately $2,721,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shawn R. Phillips sold 5,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $29.73, for a total transaction of $148,650.00. Following the sale, the vice president now directly owns 97,801 shares of the company’s stock, valued at approximately $2,907,623.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.10% of the stock is owned by insiders.

Carriage Services Dividend Announcement

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

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.