Carriage Services (NYSE:CSV) Stock Passes Below 50 Day Moving Average – What’s Next?

Carriage Services, Inc. (NYSE:CSV) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $42.83 and traded as low as $41.91. Carriage Services shares last traded at $43.0840, with a volume of 142,390 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSV. Raymond James Financial started coverage on Carriage Services in a research report on Wednesday, October 1st. They set an “outperform” rating and a $60.00 price target on the stock. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a report on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a research note on Monday. Finally, Zacks Research lowered shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Carriage Services Stock Up 0.2%

The company has a debt-to-equity ratio of 2.23, a current ratio of 0.88 and a quick ratio of 0.75. The stock has a market capitalization of $678.36 million, a PE ratio of 13.85, a PEG ratio of 0.88 and a beta of 0.96. The company has a 50 day moving average price of $42.83 and a 200-day moving average price of $44.33.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The business had revenue of $102.74 million for the quarter, compared to analysts’ expectations 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, analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

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

Institutional Trading of Carriage Services

Several large investors have recently bought and sold shares of CSV. American Century Companies Inc. raised its position in shares of Carriage Services by 12.0% in the 1st quarter. American Century Companies Inc. now owns 27,882 shares of the company’s stock worth $1,080,000 after acquiring an additional 2,990 shares in the last quarter. Trexquant Investment LP purchased a new stake in Carriage Services in the first quarter worth $321,000. State of Wyoming bought a new position in Carriage Services in the first quarter worth $108,000. Jacobs Levy Equity Management Inc. lifted its position in Carriage Services by 1.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 78,849 shares of the company’s stock valued at $3,055,000 after buying an additional 1,500 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock valued at $313,000 after buying an additional 312 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.