Carriage Services
After the markets closed yesterday funeral home and cemetery consolidator Carriage Services announced their results for the 3rd Quarter of 2018. The company announced quarterly revenues of $64.2 million which was an increase of 5.2% over the same period of a year ago and a Net Income of $2.2 million – which is a decrease…
Read MoreLast week public market funeral home and cemetery operators Park Lawn Corporation and Carriage Services made announcements about their dividends to stockholders going forward. In an article that you can read here Park Lawn Corporation announced that they will be paying a monthly dividend in November of $C 0.038 per share – which on an…
Read MoreFuneral Director Daily has established the DCI or Death Care Index for eight publicly traded companies that operate in the death care industry. The companies, all headquartered in North America, operate in the financial (preneed) sector, the manufacturing (caskets and monuments) sector, or the retail (funeral home and cemetery) sector. The companies include Security National…
Read MoreMuch like many of you, I’m an amateur investor that likes to watch what is happening to public sector stocks in the death care industry. Today I’m going to take a look at a couple of stocks that I own in the industry – Service Corporation International and Carriage Services — and try to deduce…
Read MoreWe will finish out the week letting you know some of the things that happened over the week without much editorial comment. Have a great weekend and for those of our readers in the United States. . .Happy Labor Day on Monday!! Special Hearse for Aretha Franklin. Click here to see a photo of the…
Read MoreEarlier this week public funeral home consolidator and operating company Carriage Services announced the acquisition of the Presley Funeral Home in Cookeville, Tennessee. You can see the company press release here. According to the release, Presley Funeral Home owner Bryant Presley will continue employment as the Managing Partner of the firm. Presley said, “My family…
Read MoreQuinn Foley of Seeking Alpha offers his assessment of public funeral service company Carriage Services here. This is a recent analysis following the company’s 2nd Quarter financial report. Funeral Director Daily note: Canadian public funeral home and cemetery company Park Lawn Corporation reports earnings following the market close today. Stay tuned for our report on…
Read MoreYou only have to read the first page of Carriage Service’s press release, which you can read here, to understand that CEO Mel Payne was not thrilled with Carriage’s 2nd quarter numbers. The third paragraph of the release states, “We have complete confidence that our operating leadership is effectively dealing with the revenue and margin…
Read MoreCarriage Services, the Houston based funeral home and cemetery consolidator and operator announced 2nd Quarter 2018 earnings yesterday and with that report, that you can access here, found their common stock losing about 5% of its value. Analysts had predicted earnings in the range of about $0.37 per share and the report brought earnings in…
Read MoreMatthews International, a death care conglomerate with operations in crematory equipment, bronze memorialization products, and caskets, reported their 3rd Quarter 2018 fiscal year results yesterday. You can read their press release here. Their report can be summed up by increased total sales – albeit not to the extent that they had predicted, but a beat…
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