Carriage Services, Inc. (NYSE:CSV) Receives Average Recommendation of “Moderate Buy” from Analysts

Carriage Services, Inc. (NYSE:CSV) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $59.00.

A number of equities analysts recently commented on CSV shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 8th. Zacks Research downgraded Carriage Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Raymond James Financial initiated coverage on Carriage Services in a report on Wednesday, October 1st. They set an “outperform” rating and a $60.00 target price on the stock. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a report on Monday, December 1st.

Carriage Services Stock Performance

NYSE CSV opened at $44.20 on Tuesday. The firm has a market capitalization of $695.77 million, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.96. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 2.23. The firm’s fifty day moving average price is $43.25 and its two-hundred day moving average price is $44.46. Carriage Services has a 1 year low of $35.51 and a 1 year high of $49.41.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $102.74 million for the quarter, compared to analyst estimates of $100.96 million. Carriage Services had a net margin of 11.98% and a return on equity of 21.39%. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. As a group, research analysts anticipate that Carriage Services will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 3rd were paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, November 3rd. Carriage Services’s dividend payout ratio (DPR) is currently 14.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Carriage Services by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock worth $45,483,000 after acquiring an additional 38,738 shares during the period. Ameriprise Financial Inc. lifted its holdings in Carriage Services by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company’s stock worth $21,414,000 after purchasing an additional 3,550 shares during the last quarter. Geode Capital Management LLC boosted its stake in Carriage Services by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 350,092 shares of the company’s stock valued at $16,016,000 after purchasing an additional 17,931 shares during the period. Boston Partners grew its holdings in Carriage Services by 9.6% in the 3rd quarter. Boston Partners now owns 222,130 shares of the company’s stock valued at $9,894,000 after buying an additional 19,549 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in Carriage Services by 59.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company’s stock valued at $9,417,000 after buying an additional 78,730 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.