Carriage Services Inc. (CSV) Sees Large Volume Increase
Shares of Carriage Services Inc. (NYSE:CSV) saw unusually-strong trading volume on Friday . Approximately 190,447 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 79,878 shares.The stock last traded at $23.75 and had previously closed at $23.74.
A number of analysts recently issued reports on CSV shares. Zacks Investment Research upgraded Carriage Services from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, April 27th. Barrington Research raised their price target on Carriage Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 26th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Carriage Services in a research report on Tuesday, April 26th.
The firm has a 50 day moving average price of $23.94 and a 200-day moving average price of $22.58. The firm has a market cap of $394.75 million and a price-to-earnings ratio of 21.20.
Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.02. During the same period in the previous year, the business earned $0.34 EPS. The firm earned $61.87 million during the quarter, compared to analyst estimates of $61.34 million. Carriage Services’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Carriage Services Inc. will post $1.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Tuesday, August 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, August 12th. This is a boost from Carriage Services’s previous quarterly dividend of $0.03.
In other Carriage Services news, President David J. Decarlo acquired 10,000 shares of the business’s stock in a transaction dated Friday, June 17th. The stock was acquired at an average cost of C$22.51 per share, for a total transaction of C$225,100.00. Following the completion of the transaction, the president now directly owns 106,047 shares of the company’s stock, valued at C$2,387,117.97. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Carl Benjamin Brink acquired 1,200 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was acquired at an average price of C$23.54 per share, with a total value of C$28,248.00. Following the completion of the transaction, the insider now directly owns 5,999 shares of the company’s stock, valued at C$141,216.46. The disclosure for this purchase can be found here.
Carriage Services, Inc (Carriage) is a provider of death care services and merchandise in the United States. The Company operates in two segments: funeral home operations and cemetery operations. Its funeral homes operations segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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