Headlines about Carriage Services (NYSE:CSV) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carriage Services earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.105646068115 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern’s rankings:
Shares of Carriage Services (NYSE CSV) traded down 1.24% during mid-day trading on Friday, hitting $25.58. 97,021 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $24.86 and a 200-day moving average price of $25.82. Carriage Services has a 52 week low of $23.15 and a 52 week high of $29.11. The company has a market capitalization of $427.70 million, a price-to-earnings ratio of 21.66 and a beta of 0.89.
Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. The business had revenue of $61.10 million for the quarter, compared to analyst estimates of $62.86 million. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Carriage Services will post $1.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, November 10th. This is a positive change from Carriage Services’s previous quarterly dividend of $0.05. Carriage Services’s dividend payout ratio (DPR) is currently 16.95%.
Carriage Services declared that its board has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have recently commented on CSV shares. Zacks Investment Research upgraded shares of Carriage Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub downgraded shares of Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
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In related news, CEO Melvin C. Payne sold 100,000 shares of Carriage Services stock in a transaction on Friday, August 18th. The stock was sold at an average price of $23.85, for a total transaction of $2,385,000.00. Following the sale, the chief executive officer now directly owns 1,131,753 shares in the company, valued at $26,992,309.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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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