Death is a part of life. Everyone dies.
Carriage Services (CSV, Financial) is a company that solves the problem of death by providing deathcare services for clients in the U.S.
Carriage Services has a market cap of $463.53 million, a price-earnings (P/E) ratio of 22.55, an enterprise value of $797.57 million, a price-book (P/B) ratio of 2.49 and a price-sales (P/S) ratio of 1.90.
Below are some key highlights from Carriage Services' recent first-quarter results compared to the three months ended March 31, 2016.
- Record total revenue of $68.1 million, an increase of 7.6%.
- Record net income of $7.1 million, an increase of 55.0%.
- Record GAAP diluted earnings per share of 39 cents, an increase of 44.4%.
- Record total field EBITDA of $29.5 million, an increase of 6.6%.
- Total field EBITDA margin down 40 basis points to 43.3%.
- Adjusted consolidated EBITDA margin down 120 basis points to 30.2%.
In addition to Carriage Services having a strong first quarter, the company also has been consistently improving its financial statements over the previous five years.
It has increased its revenue by 6.90%, its EBITDA growth by 9.10%, its operating income by 11.70%, its EPS without NRI by 25.70% and its book value by 9.20%.
The company also has these good signs, according to GuruFocus.
- The company's revenue per share has increased at an average rate of 5.74% over the last nine years.
- The company’s dividend yield is 0.62, which is close to its three-year high.
- The company is expanding its operations.
- The company has a four-star predictability rating. Stocks with a four-star predictability rating produce, on average, a 9.8% yearly return over a 10-year sample size.
a four star predictability rating according to GuruFocus.
Stocks with a four star predictability rating produce, on average, a 9.8% yearly return over a 10-year sample size.
Carriage Services is expanding its operations
It has an 8 of 10 profitability ranking with an operating margin of 21.51%, ranking it above 82% of the 93 companies in its industry. It also has a three-year revenue growth rating of 14.20%, which ranks it above 82% of the companies in its industry.
Insiders are buying shares
Director James Raymond Schenck purchased 1,000 shares for $27.25 per share on May 1. He now owns 3,061 shares.
Director Brian Liebman purchased 3,000 shares for $27.40 per share on April 28. Liebman now owns 21,413 shares.
It is noteworthy that guru Jim Simons (Trades, Portfolio) added to his stake in Carriage Services during the fourth quarter. Since then, the company’s market price has gained an estimated 7%.
Disclosure: Author does not own any shares of this company.
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