Carriage Services Inc. (NYSE:CSV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Carriage Services, Inc. is a leading provider of death care services and products in the United States. Carriage provides a complete range of services relating to funerals, burials and cremations, including the use of funeral homes and motor vehicles, the performance of cemetery interment services and the management and maintenance of cemetery grounds. They also sell related products and merchandise including caskets, burial vaults, garments, cemetery interment rights, stone and bronze memorials, as well as other items. “
Separately, Barrington Research upped their price objective on Carriage Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 22nd.
Shares of Carriage Services (NYSE:CSV) opened at 23.58 on Monday. The company’s 50-day moving average price is $23.51 and its 200-day moving average price is $23.23. The firm has a market cap of $392.42 million, a PE ratio of 21.07 and a beta of 0.85. Carriage Services has a 52-week low of $19.03 and a 52-week high of $25.96.
Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.02. Carriage Services had a return on equity of 16.56% and a net margin of 8.01%. The firm had revenue of $61.87 million for the quarter, compared to analyst estimates of $61.34 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts expect that Carriage Services will post $1.70 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Carriage Services by 4.9% in the first quarter. Geode Capital Management LLC now owns 106,023 shares of the company’s stock worth $2,291,000 after buying an additional 4,932 shares during the period. Adirondack Research & Management Inc. bought a new position in Carriage Services during the first quarter worth $330,000. Renaissance Technologies LLC boosted its stake in Carriage Services by 9.4% in the first quarter. Renaissance Technologies LLC now owns 757,740 shares of the company’s stock worth $16,375,000 after buying an additional 65,240 shares in the last quarter. LPL Financial LLC boosted its stake in Carriage Services by 9.3% in the first quarter. LPL Financial LLC now owns 44,696 shares of the company’s stock worth $968,000 after buying an additional 3,820 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in Carriage Services by 36.4% in the first quarter. Boothbay Fund Management LLC now owns 17,445 shares of the company’s stock worth $377,000 after buying an additional 4,655 shares in the last quarter. 77.51% of the stock is currently owned by institutional investors.
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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