NYSE:CSVConsumer Services
Carriage Services (CSV) Stock Sinks As Debt Fears Eclipse Steady Margins
Carriage Services stock just slid 10.6% in a single session, yet the earnings story looks far calmer than the price chart suggests. You saw a funeral and cemetery operator get treated like it issued a profit warning. What actually arrived was Q2 revenue of about US$102.9m and adjusted diluted earnings per share of US$0.78, with adjusted EBITDA margin around 32%.
The real fault line is sentiment around debt and leverage, not the quarter itself. Bank leverage sits at roughly 4.0x and management...