Carriage Services (CSV) Releases Earnings Results, Beats Expectations By $0.01 EPS

Carriage Services (CSV) reported quarterly earnings results on Monday, Apr-25-2016. The company said it had a profit of $0.47 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.46. The company posted revenue of $63.30 million in the period, compared to analysts expectations of $63.67 million.

Many Wall Street Analysts have commented on Carriage Services. Carriage Services was Initiated by Sidoti to “Buy” on Apr 22, 2016.

Carriage Services opened for trading at $23 and hit $23.75 on the upside on Friday, eventually ending the session at $23.36, with a gain of 5.18% or 1.15 points. The heightened volatility saw the trading volume jump to 3,58,633 shares. Company has a market cap of $389 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.

Carriage Services

Leave a Reply

Carriage Services - Is it time to Sell?

Top Brokerage Firms are advising their investors on Carriage Services. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.