Carriage Services (NYSE:CSV) Hits New 52-Week Low – Here’s Why

Carriage Services, Inc. (NYSE:CSV) reached a new 52-week low on Tuesday . The stock traded as low as $33.07 and last traded at $32.9960, with a volume of 90294 shares trading hands. The stock had previously closed at $33.92.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CSV. Oppenheimer began coverage on Carriage Services in a report on Thursday, August 13th. They issued an “outperform” rating and a $48.00 price objective for the company. Weiss Ratings downgraded Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Roth Capital set a $46.00 target price on Carriage Services in a research report on Friday, August 7th. Raymond James Financial set a $50.00 price target on Carriage Services in a research note on Friday, August 7th. Finally, Zacks Research lowered shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.00.

Carriage Services Price Performance

The firm has a 50 day moving average price of $36.62 and a 200 day moving average price of $41.15. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. The stock has a market cap of $509.74 million, a P/E ratio of 11.53, a P/E/G ratio of 0.65 and a beta of 0.78.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). The company had revenue of $102.95 million for the quarter, compared to analysts’ expectations of $108.91 million. Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, analysts forecast that Carriage Services, Inc. will post 3.38 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were paid a $0.1125 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.4%. Carriage Services’s dividend payout ratio is 16.13%.

Institutional Trading of Carriage Services

Several institutional investors and hedge funds have recently modified their holdings of CSV. BlackRock Inc. bought a new position in Carriage Services in the 2nd quarter worth $42,164,000. Vanguard Group Inc. raised its holdings in Carriage Services by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock valued at $45,483,000 after acquiring an additional 38,738 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Carriage Services by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company’s stock valued at $27,867,000 after acquiring an additional 3,520 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Carriage Services by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company’s stock valued at $21,414,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Carriage Services by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 386,018 shares of the company’s stock worth $16,333,000 after acquiring an additional 5,870 shares during the period. 66.46% of the stock is currently owned by institutional investors.

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.