Carriage Services, Inc. (CSV) To Go Ex-Dividend on November 4th

Carriage Services, Inc. (NYSE:CSV) announced a quarterly dividend on Wednesday, October 16th, NASDAQ reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.1125 per share on Monday, December 2nd. This represents a $0.45 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, November 4th.

Carriage Services has increased its dividend payment by an average of 10.1% per year over the last three years. Carriage Services has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carriage Services to earn $2.70 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 16.7%.

Carriage Services Trading Down 1.2 %

Shares of Carriage Services stock opened at $36.93 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 2.14. The company has a fifty day simple moving average of $32.53 and a 200-day simple moving average of $29.46. The stock has a market cap of $561.67 million, a price-to-earnings ratio of 16.56, a PEG ratio of 0.93 and a beta of 0.94. Carriage Services has a 12-month low of $18.06 and a 12-month high of $38.33.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. The company had revenue of $102.32 million during the quarter, compared to the consensus estimate of $94.40 million. Carriage Services had a net margin of 8.57% and a return on equity of 24.11%. On average, equities analysts forecast that Carriage Services will post 2.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and issued a $40.00 target price (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd. Barrington Research increased their price objective on Carriage Services from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday.

Insider Activity

In related news, CEO Carlos R. Quezada purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $29.44 per share, with a total value of $58,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 60,061 shares in the company, valued at $1,768,195.84. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Shawn R. Phillips sold 7,101 shares of the firm’s stock in a transaction 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 owns 90,700 shares in the company, valued at approximately $2,721,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carlos R. Quezada purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $29.44 per share, for a total transaction of $58,880.00. Following the completion of the purchase, the chief executive officer now owns 60,061 shares of the company’s stock, valued at approximately $1,768,195.84. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.10% 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 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.