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

Carriage Services, Inc. (NYSE:CSV) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $61.6667.

A number of brokerages recently commented on CSV. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a research note on Monday, April 27th. Weiss Ratings lowered Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CSV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Carriage Services by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock valued at $313,000 after purchasing an additional 312 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Carriage Services by 1,736.0% in the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after purchasing an additional 868 shares in the last quarter. Jane Street Group LLC acquired a new position in Carriage Services during the first quarter worth $689,000. Creative Planning acquired a new position in Carriage Services during the second quarter worth $200,000. Finally, Rhumbline Advisers raised its stake in Carriage Services by 8.2% during the second quarter. Rhumbline Advisers now owns 21,856 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,654 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Carriage Services Trading Up 0.8%

Shares of NYSE CSV opened at $37.83 on Tuesday. The stock has a market cap of $600.36 million, a price-to-earnings ratio of 13.71, a PEG ratio of 0.72 and a beta of 0.83. The business has a 50 day simple moving average of $45.27 and a 200 day simple moving average of $43.90. Carriage Services has a 52 week low of $37.11 and a 52 week high of $52.10. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.99 and a current ratio of 1.15.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, May 6th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $106.12 million during the quarter, compared to analyst estimates of $111.39 million. Carriage Services had a return on equity of 19.78% and a net margin of 10.58%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, research analysts predict that Carriage Services will post 3.45 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 4th were paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, May 4th. Carriage Services’s dividend payout ratio is presently 16.30%.

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.