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

Shares of Carriage Services, Inc. (NYSE:CSV) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $61.6667.

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

Hedge Funds Weigh In On Carriage Services

A number of institutional investors and hedge funds have recently modified their holdings of CSV. Polar Asset Management Partners Inc. acquired a new position in shares of Carriage Services during the first quarter worth $11,610,000. Millennium Management LLC grew its stake in shares of Carriage Services by 597.1% during the fourth quarter. Millennium Management LLC now owns 136,149 shares of the company’s stock worth $5,759,000 after purchasing an additional 116,617 shares in the last quarter. Swedbank AB acquired a new position in shares of Carriage Services during the first quarter worth $3,753,000. Punch & Associates Investment Management Inc. grew its stake in shares of Carriage Services by 59.3% during the third quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company’s stock worth $9,417,000 after purchasing an additional 78,730 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Carriage Services by 12.5% during 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. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Stock Performance

Shares of CSV stock opened at $40.37 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.99. The firm has a fifty day moving average price of $44.84 and a 200 day moving average price of $43.83. The company has a market cap of $640.72 million, a P/E ratio of 14.63, a PEG ratio of 0.78 and a beta of 0.83. Carriage Services has a 12 month low of $37.11 and a 12 month high of $52.10.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, May 6th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The firm had revenue of $106.12 million during the quarter, compared to the consensus estimate of $111.39 million. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Sell-side 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 dividend of $0.1125 per share. The ex-dividend date was Monday, May 4th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.1%. Carriage Services’s payout ratio is presently 16.30%.

Carriage Services Company Profile

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.