Carriage Services, Inc. (NYSE:CSV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Carriage Services, Inc. (NYSE:CSV) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $59.00.

A number of analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a research report on Monday, January 5th.

Hedge Funds Weigh In On Carriage Services

Large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new position in shares of Carriage Services in the third quarter valued at $3,870,000. Punch & Associates Investment Management Inc. increased its position in shares of Carriage Services by 59.3% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company’s stock valued at $9,417,000 after purchasing an additional 78,730 shares during the last quarter. Seizert Capital Partners LLC purchased a new stake in Carriage Services in the second quarter worth $2,448,000. Ameriprise Financial Inc. increased its stake in shares of Carriage Services by 12.5% in the second quarter. Ameriprise Financial Inc. now owns 477,238 shares of the company’s stock worth $21,829,000 after purchasing an additional 52,889 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Carriage Services by 64.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 134,440 shares of the company’s stock valued at $5,988,000 after purchasing an additional 52,444 shares during the period. 66.46% of the stock is currently owned by institutional investors.

Carriage Services Price Performance

Shares of CSV stock opened at $42.98 on Wednesday. The business has a fifty day simple moving average of $42.87 and a 200 day simple moving average of $43.85. Carriage Services has a twelve month low of $35.51 and a twelve month high of $49.41. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 2.23. The company has a market cap of $676.51 million, a P/E ratio of 13.82, a P/E/G ratio of 0.84 and a beta of 0.95.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Carriage Services had a net margin of 11.98% and a return on equity of 21.39%. The business had revenue of $102.74 million during the quarter, compared to analysts’ expectations of $100.96 million. On average, sell-side analysts forecast that Carriage Services will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.1125 per share. The ex-dividend date is Monday, February 2nd. This represents a $0.45 annualized dividend and a dividend yield of 1.0%. Carriage Services’s dividend payout ratio is currently 14.47%.

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.