Shares of Carriage Services, Inc. (NYSE:CSV) have earned an average broker rating score of 0.00 () from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus price target of $30.50 for the company and are anticipating that the company will post $0.49 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Carriage Services an industry rank of 189 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Carriage Services from a “hold” rating to a “sell” rating in a research note on Monday, January 2nd.

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In other Carriage Services news, Director James Raymond Schenck acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was purchased at an average price of $26.00 per share, with a total value of $26,000.00. Following the completion of the purchase, the director now directly owns 2,061 shares in the company, valued at approximately $53,586. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 18.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CSV. Putnam Investments LLC acquired a new position in Carriage Services during the fourth quarter worth $4,362,000. Westwood Holdings Group Inc. acquired a new position in Carriage Services during the fourth quarter worth $6,933,000. Two Sigma Investments LP raised its position in Carriage Services by 83.1% in the fourth quarter. Two Sigma Investments LP now owns 97,704 shares of the company’s stock worth $2,798,000 after buying an additional 44,342 shares during the period. Flinton Capital Management LLC acquired a new position in Carriage Services during the fourth quarter worth $1,159,000. Finally, Renaissance Technologies LLC raised its position in Carriage Services by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 750,113 shares of the company’s stock worth $21,483,000 after buying an additional 92,813 shares during the period. 79.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Carriage Services (NYSE:CSV) opened at 27.05 on Thursday. The firm’s 50-day moving average is $26.45 and its 200-day moving average is $25.83. The company has a market cap of $450.65 million, a price-to-earnings ratio of 24.15 and a beta of 1.09. Carriage Services has a one year low of $20.40 and a one year high of $29.11.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Thursday, February 16th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.09. The business earned $62.90 million during the quarter, compared to the consensus estimate of $64.76 million. Carriage Services had a return on equity of 17.25% and a net margin of 8.46%. Analysts expect that Carriage Services will post $1.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, February 9th. Carriage Services’s dividend payout ratio (DPR) is 16.53%.

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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