Carriage Services (CSV) was Initiated by Sidoti to “Buy”. Sidoti advised their investors in a research report released on Apr 22, 2016.
On the company’s financial health, Carriage Services reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 16, 2016. Analyst had a consensus of $0.42. The company had revenue of $61.60 million for the quarter, compared to analysts expectations of $62.71 million. The company’s revenue was up 3.7% compared to the same quarter last year.
Carriage Services opened for trading at $22.11 and hit $22.41 on the upside on Wednesday, eventually ending the session at $22.21, with a gain of 0.18% or 0.04 points. The heightened volatility saw the trading volume jump to 57,316 shares. Company has a market cap of $369 M.
In a different news, on Mar 1, 2016, Barry K Fingerhut (director) sold 2,500 shares at $20.39 per share price. According to the SEC, on Nov 5, 2015, Bryan Leibman (director) purchased 6,000 shares at $22.00 per share price. On Aug 7, 2015, David J Decarlo (President) purchased 2,340 shares at $22.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Carriage Services Inc. (Carriage) is a provider of death care services and merchandise in the United States. The Company operates in two segments: funeral home operations and cemetery operations. Its funeral homes operations segment provides funeral services (traditional burial and cremation) and sells related merchandise such as caskets and urns. Its cemeteries operation segment sells interment rights including grave sites and mausoleum spaces and related merchandise such as markers and outer burial containers. Carriage operates around 164 funeral homes in 27 states and 32 cemeteries in 11 states. It serves suburban and rural markets and provides funeral and cemetery services and products on both at-need (time of death) and preneed (planned prior to death) basis. It also maintains various trusts in connection with funeral home and cemetery operations including preneed funeral trusts preneed cemetery merchandise and service trusts and cemetery perpetual care trusts.