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

Carriage Services, Inc. (NYSE:CSV) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $59.00.

A number of brokerages have issued reports on CSV. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 29th. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a report on Tuesday, February 17th.

Hedge Funds Weigh In On Carriage Services

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Carriage Services by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock worth $45,483,000 after purchasing an additional 38,738 shares during the last quarter. Ameriprise Financial Inc. raised its position 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 lifted its holdings in Carriage Services by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 386,018 shares of the company’s stock worth $16,333,000 after buying an additional 5,870 shares during the period. State Street Corp grew its position in shares of Carriage Services by 1.3% in the 4th quarter. State Street Corp now owns 311,272 shares of the company’s stock valued at $13,167,000 after buying an additional 3,950 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its position in shares of Carriage Services by 16.7% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 246,699 shares of the company’s stock valued at $10,435,000 after buying an additional 35,274 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Performance

Shares of Carriage Services stock opened at $46.17 on Friday. The company’s 50 day moving average price is $43.35 and its two-hundred day moving average price is $43.63. The firm has a market capitalization of $726.76 million, a P/E ratio of 14.16, a P/E/G ratio of 0.89 and a beta of 0.95. Carriage Services has a fifty-two week low of $35.51 and a fifty-two week high of $49.41. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.88 and a quick ratio of 0.75.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.05). Carriage Services had a return on equity of 21.70% and a net margin of 12.34%.The company had revenue of $105.48 million for the quarter, compared to analyst estimates of $103.50 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities analysts forecast that Carriage Services will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, February 2nd. Carriage Services’s payout ratio is presently 13.80%.

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.