Carriage Services (NYSE:CSV) Reaches New 12-Month Low – Here’s Why

Carriage Services, Inc. (NYSE:CSV) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $36.91 and last traded at $37.00, with a volume of 15761 shares. The stock had previously closed at $37.67.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CSV shares. Weiss Ratings downgraded Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.67.

Carriage Services Trading Down 1.3%

The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 0.99. The company has a market capitalization of $581.35 million, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.72 and a beta of 0.84. The business has a fifty day moving average price of $39.77 and a 200 day moving average price of $43.00.

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

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 3rd. Carriage Services’s dividend payout ratio (DPR) is currently 16.30%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSV. Russell Investments Group Ltd. grew its stake in shares of Carriage Services by 3.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock valued at $404,000 after purchasing an additional 258 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Carriage Services by 50.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock worth $36,000 after buying an additional 264 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after buying an additional 312 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Carriage Services by 3.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,939 shares of the company’s stock worth $454,000 after buying an additional 321 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Carriage Services by 3.0% in the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock valued at $514,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

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.