Revenue Update on Carriage Services(NYSE:CSV)

Carriage Services(NYSE:CSV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Earnings per share were $0.37.

Carriage Services (CSV) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -0.69% at a volume of 53,826. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.67. The peak price level was also seen at $24.67 while the days lowest was $24.29. Finally the shares closed at $24.31. The 52-week high of the shares is $25.96 while the 52-week low is $19.03. According to the latest information available, the market cap of the company is $405 M.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, David J Decarlo (President) purchased 10,000 shares at $22.51 per share price.Also, On Jun 1, 2016, Carl Benjamin Brink (Principal Financial Officer) purchased 1,200 shares at $23.54 per share price.On Mar 1, 2016, Barry K Fingerhut (director) sold 2,500 shares at $20.39 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.

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