Carriage Services Inc. (NYSE:CSV) announced a quarterly dividend on Friday, October 28th. Shareholders of record on Monday, November 14th will be given a dividend of 0.05 per share on Thursday, December 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Wednesday, November 9th.
Shares of Carriage Services (NYSE:CSV) opened at 23.57 on Monday. Carriage Services has a 1-year low of $19.03 and a 1-year high of $25.96. The firm’s 50-day moving average is $23.59 and its 200-day moving average is $23.51. The company has a market capitalization of $391.50 million, a price-to-earnings ratio of 19.46 and a beta of 0.85.
Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The business earned $60.10 million during the quarter, compared to analysts’ expectations of $60.56 million. Carriage Services had a return on equity of 17.25% and a net margin of 8.46%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. Analysts forecast that Carriage Services will post $1.73 earnings per share for the current fiscal year.
CSV has been the topic of several research analyst reports. Zacks Investment Research raised Carriage Services from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday. Barrington Research raised their target price on Carriage Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 22nd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSV. BlackRock Group LTD raised its position in Carriage Services by 87.5% in the second quarter. BlackRock Group LTD now owns 7,980 shares of the company’s stock valued at $189,000 after buying an additional 3,723 shares during the period. Stevens Capital Management LP purchased a new position in Carriage Services during the second quarter valued at approximately $224,000. Teachers Advisors Inc. raised its position in Carriage Services by 31.9% in the second quarter. Teachers Advisors Inc. now owns 31,996 shares of the company’s stock valued at $758,000 after buying an additional 7,731 shares during the period. Brant Point Investment Management LLC raised its position in Carriage Services by 1.0% in the second quarter. Brant Point Investment Management LLC now owns 48,500 shares of the company’s stock valued at $1,148,000 after buying an additional 500 shares during the period. Finally, State Street Corp raised its position in Carriage Services by 1.0% in the second quarter. State Street Corp now owns 259,970 shares of the company’s stock valued at $6,159,000 after buying an additional 2,536 shares during the period. 77.51% of the stock is currently owned by institutional investors.
About Carriage Services