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

Shares of Carriage Services, Inc. (NYSE:CSV) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $61.6667.

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

Carriage Services Trading Down 4.3%

NYSE CSV opened at $38.61 on Tuesday. The company has a fifty day simple moving average of $44.68 and a two-hundred day simple moving average of $43.82. The stock has a market cap of $612.77 million, a P/E ratio of 13.99, a P/E/G 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. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.99.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $106.12 million during the quarter, compared to analysts’ expectations 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. On average, analysts forecast that Carriage Services will post 3.45 earnings per share for the current year.

Carriage Services Dividend Announcement

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

Institutional Trading of Carriage Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Carriage Services in the third quarter worth $29,000. PNC Financial Services Group Inc. increased its stake in shares of Carriage Services by 50.8% in the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock worth $36,000 after acquiring an additional 264 shares during the period. Jones Financial Companies Lllp increased 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 worth $36,000 after acquiring an additional 868 shares during the period. Optiver Holding B.V. increased its stake in shares of Carriage Services by 2,195.1% in the first quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock worth $43,000 after acquiring an additional 900 shares during the period. Finally, Quarry LP acquired a new stake in shares of Carriage Services in the third quarter worth $51,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

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.