|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||24.70 - 24.99|
|52 Week Range||23.15 - 28.96|
|PE Ratio (TTM)||11.12|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||0.30 (1.20%)|
|1y Target Est||32.00|
HOUSTON, July 18, 2018-- Carriage Services, Inc. today announced plans to release 2018 second quarter results on Tuesday, July 31, 2018 after the market closes. In conjunction with the release, Carriage ...
Carriage Services, Inc. (CSV) announced today that it has completed an acquisition with Covenant Funeral Homes in Fredericksburg and Stafford Virginia. The Mullins Family, a highly regarded funeral service family in Northern Virginia for over sixty years, constructed a “best in class” Covenant Funeral Home facility in Fredericksburg in 2001 and expanded their vision of Being The Best with a second Covenant facility in Stafford in 2008.
CVR Refining, Carriage Services, Mitsui, Marathon Oil and Car Mart highlighted as Zacks Bull and Bear of the Day
This analysis is intended to introduce important early concepts to people who are starting to invest and want to better understand how you can grow your money by investing inRead More...
Carriage Services, Inc. (CSV) (“Carriage Services” or the “Company”) today announced the completion of its balance sheet recapitalization and an update to its Rolling Four Quarter Outlook. Repurchased in privately negotiated transactions approximately 80% of our $143.75 million 2.75% subordinated convertible notes due May 2021 for approximately $150 million (29.5% market value premium over par), funded by issuance of 2.8 million common shares to repurchased convertible holders at $26.79 per share (primarily to cover short positions) and $75 million of cash from interim bank financing under our prior credit facility with our previous large bank group.
HOUSTON, June 01, 2018-- Carriage Services, Inc. today announced plans to issue a press release discussing its recent Balance Sheet Recapitalization on Tuesday, June 5, 2018 after the market closes. In ...
Carriage Services, Inc. (CSV) (“Carriage Services” or the “Company”) today announced that it closed its private offering of $325 million aggregate principal amount of 6.625% senior notes due 2026 (the “notes”). The Company used a portion of the net proceeds from the sale of the notes to repay its existing indebtedness under its former secured credit facility. The Company intends to use the remainder of the net proceeds for general corporate purposes, including acquisitions.
Carriage Services, Inc. (CSV) (“Carriage Services” or the “Company”) today announced that it priced its private offering of $325 million aggregate principal amount of 6.625% senior notes due 2026 (the “notes”). The notes are being offered to persons who are reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to certain persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the “Act”). The offering is expected to close on May 31, 2018, subject to customary closing conditions. The notes will be unsecured, senior obligations of the Company, and interest will be payable semi-annually in arrears.
The B1 CFR reflects Carriage's small scale with revenues of less than $275 million annually, high pro-forma financial leverage with debt to EBITDA of about 5.5 times, as of December 31, 2017, and modest free cash flow generation and interest coverage with free cash flow to debt of about 5% and EBITA to interest expense of about 2.5 times expected over the next 12 to 18 months. Moody's expects declining average revenue per service, seen in the funeral industry for the past several years, to continue to pressure Carriage's ability to grow same-store revenue and profitability. All financial metrics cited reflect Moody's standard adjustments.
The notes will be unsecured, senior obligations of the Company, and interest will be payable semi-annually in arrears. The notes will initially be fully and unconditionally guaranteed, on a senior unsecured basis, jointly and severally by each of the Company’s subsidiaries that is a borrower, or guarantees indebtedness, under the Company’s new credit facility. In connection with the offering, the Company expects to enter into a new $150 million senior secured revolving credit facility. The new facility is expected to be undrawn at the closing of the notes offering.
Carriage Services, Inc. (CSV) (“Carriage Services” or the “Company”) today announced that on May 7, 2018 it closed its previously announced exchange of approximately $115 million in aggregate principal amount of its 2.75% Convertible Subordinated Notes due 2021 for an aggregate of (i) 2,822,859 newly-issued shares of the Company’s common stock, plus (ii) approximately $75.2 million in cash pursuant to privately-negotiated exchange agreements with a limited number of holders of the convertible notes. The cash portion of the exchange consideration was funded from the Company’s existing revolving credit agreement. Following the settlement of the exchanges, the aggregate principal amount of the Company’s 2.75% Convertible Subordinated Senior Notes due 2021 outstanding was reduced to approximately $29 million.
When Carriage Services Inc’s (NYSE:CSV) announced its latest earnings (31 March 2018), I wanted to understand how these figures stacked up against its past performance. The two benchmarks I usedRead More...
Carriage Services, Inc. (CSV) (“Carriage Services” or the “Company”) today announced that it has entered into privately negotiated exchange agreements with a limited number of holders of its 2.75% Convertible Subordinated Notes due 2021. The Company anticipates that the exchanges will settle on or about May 7, 2018. Upon settlement of the exchanges, the aggregate principal amount of the Company’s 2.75% Convertible Subordinated Senior Notes due 2021 outstanding is anticipated to be reduced to approximately $29 million.
NEW YORK, May 01, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of NeoGenomics, ...
HOUSTON, April 26, 2018-- Carriage Services, Inc. today announced that its Board of Directors on April 26, 2018 declared the quarterly dividend of 7.5¢ per share payable on June 1, 2018 to common share ...
NEW YORK, NY / ACCESSWIRE / April 25, 2018 / Carriage Services Inc. (NYSE: CSV ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 25, 2018 at 9:30 AM Eastern Time. ...
The Houston-based company said it had profit of 52 cents per share. Earnings, adjusted for non-recurring costs, came to 59 cents per share. The provider of funeral and cemetary services and products posted ...
HOUSTON, April 24, 2018-- Carriage Services, Inc. today announced results for the first quarter ended March 31, 2018.. Mel Payne, Chief Executive Officer, stated,“ We got off to a good start in 2018 by ...
HOUSTON , April 17, 2018 /PRNewswire/ -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2018 first quarter results on Tuesday, April 24, 2018 after the market closes. In conjunction ...
It seems to be a wise decision for investors to drop Dean Foods (DF) stock considering its negative estimate revision, price depreciation as well as unfavorable Zacks rank.
Carriage Services Inc (NYSE:CSV) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017.