Carriage Services (NYSE:CSV) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Carriage Services (NYSE:CSV) announced its quarterly earnings results on Wednesday. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.11, RTT News reports. The company had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $96.72 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. During the same period in the previous year, the business earned $0.77 earnings per share. Carriage Services updated its FY 2025 guidance to 3.100-3.300 EPS.

Carriage Services Trading Down 3.3 %

NYSE CSV opened at $39.82 on Friday. Carriage Services has a 1-year low of $23.20 and a 1-year high of $42.75. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The stock has a 50-day moving average of $40.33 and a 200-day moving average of $36.81. The firm has a market cap of $606.18 million, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92.

Carriage Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, February 3rd. Carriage Services’s dividend payout ratio (DPR) is currently 20.18%.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $50.00 target price on shares of Carriage Services in a research report on Monday, February 10th.

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.