Carriage Services (NYSE:CSV) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Carriage Services, Inc. (NYSE:CSV)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $42.79 and traded as low as $41.50. Carriage Services shares last traded at $41.6350, with a volume of 70,679 shares.

Wall Street Analysts Forecast Growth

CSV has been the topic of several recent research reports. Raymond James Financial initiated coverage on shares of Carriage Services in a report on Wednesday, October 1st. They issued an “outperform” rating and a $60.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 29th. Zacks Research lowered Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a research report on Monday, January 5th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Carriage Services Price Performance

The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 2.23. The stock has a 50-day moving average price of $42.79 and a 200 day moving average price of $43.97. The stock has a market capitalization of $655.33 million, a price-to-earnings ratio of 13.39, a PEG ratio of 0.81 and a beta of 0.94.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Carriage Services had a return on equity of 21.39% and a net margin of 11.98%.The company had revenue of $102.74 million during the quarter, compared to analysts’ expectations of $100.96 million. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. As a group, equities research analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be given a dividend of $0.1125 per share. The ex-dividend date is Monday, February 2nd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.1%. Carriage Services’s dividend payout ratio (DPR) is 14.47%.

Hedge Funds Weigh In On Carriage Services

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Carriage Services by 4.0% during 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 position in shares of Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after purchasing an additional 868 shares during the last quarter. Jane Street Group LLC purchased a new position in Carriage Services in the 1st quarter valued at about $689,000. Janney Montgomery Scott LLC acquired a new stake in Carriage Services in the 2nd quarter worth about $435,000. Finally, Inspire Investing LLC purchased a new stake in Carriage Services during the 2nd quarter worth approximately $878,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

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.