Last week cemetery and funeral home consolidator StoneMor Partners issued press releases regarding their company. In essence the releases shared the following information: Release of Preliminary Unaudited 2017 Full Year Financials The appointment of a new CEO for the company, Mr. Joe Redling The establishment of a committee to look into the possibility of changing the company from a Master Limited Partnership to a “C” Corporation You can read the press release pertaining to the 2017 financials here. Here are […]
Tag: funeral stocks
I’ve always been intrigued by the stock market. I can remember over 50 years ago talking to my dad about what he thought was the end-all when looking at companies to potentially invest in. For him it was the P/E ratio. Dad always wanted the stock to have a P/E ratio of 15 or less before he would think of purchasing it. Other people think of other things – some more intangible for the company. It is interesting that today […]
Death care conglomerate Matthews International, based in Pittsburgh, Pennsylvania, posted their 2nd quarter earnings report of Fiscal Year 2018 last week. Here’s what President and CEO Joseph C. Bartolacci said of the report, “The company’s results for the fiscal 2018 second quarter were in line with our internal expectation and we are on track to achieve the fiscal 2018 targets that we increased in reporting our first quarter results.” You can read the Matthews International press release on the earnings […]
I get a lot of feedback on Funeral Director Daily and I understand people follow the site for many reasons. One of the most common things I hear is that readers enjoy updates on what the public companies in the death care industry are doing. So, I’ve decided that when I find an article – whether an opinion article or a factual article – that I believe many readers would like to read, I will just post it on […]
Death care stocks, StoneMor Partners and Carriage Services, both components of the Funeral Director Daily Death Care Index (DCI), had postive movements last Friday which lifted their companies stock price and market capitalization. Carriage Services reported Year End earnings for 2017 last week and we at Funeral Director Daily commented that the company “keeps chugging along and making money, sometimes in spite of themselves.” We also mentioned, that while they have challenges, they appeared to increase their same store sales […]
Sometimes when you really need to know about your business, you should listen to somebody from the outside. They see that perspective from another view — and many times it is the view that Mr. Outside can see that Mr. Inside has overlooked. So, today, I have found two articles from the people on the outside — people who follow the stock market — and their perspective on the funeral industry that we maybe don’t always see. First, here is […]
We’ve said before that 2017 was an unusual year for StoneMor Partners, LP in that they had some key executives leave or retire and, probably partly because of that and an accounting review, they delayed their reporting to the Security and Exchange Commission. They have been working hard and on January 26, 2018, the company released its 3rd Quarter report – which gets the company up to date, as of the end of their 3rd quarter end of September 30, […]
Hillenbrand Industries reported 1st Quarter 2018 earnings on January 31. You can read the company’s press release here. President Joe Raver made the following comment, “We are off to a strong start for 2018 with continued momentum in the Process Equipment Group. We remain closely aligned with our customers by providing applications expertise and high engineered product solutions to solve their most challenging business needs. As a result, we delivered continued revenue growth, strong operating leverage, and a solid order […]
Last week Carriage Services announced that they will continue with their quarterly dividend of 7.5 cents per share. The dividend will be payable on March 1, 2018, to shareholders of record as of February 12, 2018. This amount of $0.075 per quarter translates into a dividend yield for Carriage Services on an annual basis of 1.11% to the stock price as of the day of announcement.
On Tuesday, September 26, 2017, Zacks Investment Research issued an upgrade on the stock of funeral industry public company Carriage Services. You can read about that upgrade and more about Carriage Services in that news release here.