Carriage Services, Inc. (NYSE:CSV) – Barrington Research reduced their FY2016 EPS estimates for shares of Carriage Services in a research note issued on Thursday. Barrington Research analyst A. Paris. Jr now expects that the brokerage will earn $1.71 per share for the year, down from their prior estimate of $1.74. Barrington Research has a “Outperform” rating and a $32.00 price objective on the stock. Barrington Research also issued estimates for Carriage Services’ Q4 2016 earnings at $0.43 EPS and FY2017 earnings at $1.77 EPS.

Carriage Services (NYSE:CSV) last issued its earnings results on Tuesday, October 25th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $60.10 million for the quarter, compared to the consensus estimate of $60.56 million. Carriage Services had a return on equity of 17.25% and a net margin of 8.46%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS.

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Separately, Zacks Investment Research upgraded Carriage Services from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd.

Carriage Services (NYSE:CSV) opened at 27.38 on Friday. Carriage Services has a one year low of $19.03 and a one year high of $29.11. The stock has a 50 day moving average price of $28.21 and a 200-day moving average price of $24.98. The firm has a market cap of $454.78 million, a P/E ratio of 22.61 and a beta of 1.08.

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Carriage Services during the second quarter worth about $8,829,000. Falcon Point Capital LLC boosted its position in shares of Carriage Services by 12.5% in the second quarter. Falcon Point Capital LLC now owns 84,242 shares of the company’s stock worth $1,995,000 after buying an additional 9,357 shares during the period. Essex Investment Management Co. LLC boosted its position in shares of Carriage Services by 10.4% in the second quarter. Essex Investment Management Co. LLC now owns 110,880 shares of the company’s stock worth $2,626,000 after buying an additional 10,476 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in shares of Carriage Services by 4.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 19,230 shares of the company’s stock worth $455,000 after buying an additional 827 shares during the period. Finally, Emerald Acquisition Ltd. bought a new position in shares of Carriage Services during the second quarter worth about $2,977,000. Hedge funds and other institutional investors own 78.54% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at http://www.dailypolitical.com/2017/01/13/fy2016-eps-estimates-for-carriage-services-inc-csv-reduced-by-barrington-research.html.

In other news, Director Bryan Leibman acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average cost of $23.52 per share, for a total transaction of $117,600.00. Following the completion of the transaction, the director now directly owns 15,837 shares in the company, valued at $372,486.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 18.20% of the stock is owned by corporate insiders.

About Carriage Services

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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