Shares of Carriage Services, Inc. (NYSE:CSV) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $26.00 for the company and are expecting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Carriage Services an industry rank of 106 out of 256 based on the ratings given to related companies.
Several research analysts have recently issued reports on CSV shares. Barrington Research reissued a “buy” rating and issued a $26.00 target price on shares of Carriage Services in a research report on Monday. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th.
Shares of NYSE CSV traded up $0.01 during midday trading on Friday, reaching $18.48. The company had a trading volume of 151 shares, compared to its average volume of 59,906. Carriage Services has a one year low of $14.50 and a one year high of $25.05. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.61 and a current ratio of 0.81. The company’s fifty day simple moving average is $18.81. The company has a market cap of $335.66 million, a PE ratio of 15.73, a PEG ratio of 0.89 and a beta of 0.79.
Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, May 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). Carriage Services had a return on equity of 7.69% and a net margin of 3.35%. The firm had revenue of $69.08 million during the quarter, compared to the consensus estimate of $73.19 million. As a group, research analysts anticipate that Carriage Services will post 1.38 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. National Investment Services Inc. WI purchased a new stake in shares of Carriage Services in the 2nd quarter worth approximately $829,000. First Trust Advisors LP lifted its holdings in shares of Carriage Services by 13.3% during the 1st quarter. First Trust Advisors LP now owns 30,163 shares of the company’s stock valued at $581,000 after buying an additional 3,548 shares during the period. Kennedy Capital Management Inc. lifted its holdings in shares of Carriage Services by 31.9% during the 1st quarter. Kennedy Capital Management Inc. now owns 466,208 shares of the company’s stock valued at $8,975,000 after buying an additional 112,640 shares during the period. Acadian Asset Management LLC bought a new position in shares of Carriage Services during the 1st quarter valued at $644,000. Finally, Martingale Asset Management L P lifted its holdings in shares of Carriage Services by 32.8% during the 1st quarter. Martingale Asset Management L P now owns 99,508 shares of the company’s stock valued at $1,917,000 after buying an additional 24,600 shares during the period. Institutional investors own 78.65% 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 through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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