Roth Capital Cuts Earnings Estimates for Carriage Services

Carriage Services, Inc. (NYSE:CSV) – Stock analysts at Roth Capital reduced their Q4 2024 EPS estimates for Carriage Services in a research note issued on Friday, November 1st. Roth Capital analyst G. Kelly now forecasts that the company will earn $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.

A number of other equities analysts also recently commented on CSV. Roth Mkm reissued a “buy” rating and set a $40.00 price objective (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd. Barrington Research boosted their price objective on Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday.

Carriage Services Stock Performance

Shares of Carriage Services stock opened at $36.89 on Monday. Carriage Services has a one year low of $18.06 and a one year high of $38.33. The company has a market cap of $561.10 million, a PE ratio of 16.54, a P/E/G ratio of 1.00 and a beta of 0.91. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.69 and a current ratio of 0.85. The business has a 50-day simple moving average of $32.53 and a 200-day simple moving average of $29.50.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.19. The company had revenue of $100.69 million for the quarter, compared to analyst estimates of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 24.11%. During the same period in the prior year, the firm earned $0.33 earnings per share.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, November 4th. Carriage Services’s dividend payout ratio (DPR) is 20.18%.

Insider Activity at Carriage Services

In other news, CEO Carlos R. Quezada acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $29.44 per share, with a total value of $58,880.00. Following the completion of the acquisition, the chief executive officer now owns 60,061 shares of the company’s stock, valued at $1,768,195.84. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Carlos R. Quezada acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $29.44 per share, with a total value of $58,880.00. Following the completion of the acquisition, the chief executive officer now owns 60,061 shares of the company’s stock, valued at $1,768,195.84. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shawn R. Phillips sold 7,101 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $30.00, for a total value of $213,030.00. Following the completion of the sale, the vice president now directly owns 90,700 shares of the company’s stock, valued at $2,721,000. 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Carriage Services

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in Carriage Services by 741.8% in the first quarter. BNP Paribas Financial Markets now owns 87,879 shares of the company’s stock worth $2,376,000 after acquiring an additional 77,439 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Carriage Services in the first quarter worth $27,000. GSA Capital Partners LLP increased its position in shares of Carriage Services by 202.9% in the first quarter. GSA Capital Partners LLP now owns 51,023 shares of the company’s stock valued at $1,380,000 after buying an additional 34,178 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Carriage Services by 7.4% in the first quarter. Heartland Advisors Inc. now owns 342,500 shares of the company’s stock valued at $9,261,000 after buying an additional 23,454 shares in the last quarter. Finally, TSA Wealth Managment LLC purchased a new position in shares of Carriage Services in the first quarter valued at $206,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.

About Carriage Services

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.