News coverage about Carriage Services (NYSE:CSV) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carriage Services earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.105646068115 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Carriage Services (NYSE:CSV) traded down 0.04% on Wednesday, reaching $24.99. The company had a trading volume of 36,870 shares. Carriage Services has a 12-month low of $23.15 and a 12-month high of $29.11. The stock has a market capitalization of $417.83 million, a P/E ratio of 21.16 and a beta of 0.89. The stock’s 50-day moving average price is $24.79 and its 200-day moving average price is $25.93.
Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The company had revenue of $63.87 million for the quarter, compared to analysts’ expectations of $64.35 million. Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. On average, equities research analysts anticipate that Carriage Services will post $1.62 EPS for the current fiscal year.
CSV has been the subject of a number of analyst reports. BidaskClub downgraded Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Carriage Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
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In other Carriage Services news, CEO Melvin C. Payne sold 100,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $23.85, for a total value of $2,385,000.00. Following the sale, the chief executive officer now owns 1,131,753 shares of the company’s stock, valued at approximately $26,992,309.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.40% of the company’s stock.
Carriage Services Company Profile
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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