Carriage Services (NYSE:CSV) Releases Earnings Results, Beats Expectations By $0.11 EPS

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

Carriage Services Price Performance

Shares of Carriage Services stock opened at $39.82 on Friday. Carriage Services has a one year low of $23.20 and a one year high of $42.75. The stock’s fifty day moving average is $40.33 and its 200 day moving average is $36.81. The stock has a market cap of $606.18 million, a P/E ratio of 17.86, a P/E/G ratio of 0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72.

Carriage Services Dividend Announcement

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

Wall Street Analyst Weigh In

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

About Carriage Services

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.