Carriage Services (NYSE:CSV) Given Outperform Rating at Barrington Research

Barrington Research reiterated their outperform rating on shares of Carriage Services (NYSE:CSV) in a research report report published on Friday,Benzinga reports. They currently have a $50.00 price target on the stock. Barrington Research also issued estimates for Carriage Services’ Q1 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.73 EPS and FY2026 earnings at $3.45 EPS.

Carriage Services Stock Performance

NYSE:CSV opened at $40.16 on Friday. The company’s 50-day moving average is $40.33 and its two-hundred day moving average is $36.88. The firm has a market capitalization of $611.36 million, a price-to-earnings ratio of 18.01, a PEG ratio of 0.97 and a beta of 0.92. Carriage Services has a 1-year low of $23.20 and a 1-year high of $42.75. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. The business had revenue of $97.70 million for the quarter, compared to the consensus estimate of $96.72 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same period in the previous year, the firm earned $0.77 EPS. Analysts forecast that Carriage Services will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, February 3rd. Carriage Services’s dividend payout ratio (DPR) is 21.43%.

Institutional Investors Weigh In On Carriage Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC increased its stake in Carriage Services by 3.1% during the 4th quarter. MetLife Investment Management LLC now owns 8,223 shares of the company’s stock worth $328,000 after buying an additional 246 shares during the period. Values First Advisors Inc. increased its stake in Carriage Services by 1.6% during the 4th quarter. Values First Advisors Inc. now owns 17,498 shares of the company’s stock worth $697,000 after buying an additional 270 shares during the period. FMR LLC increased its stake in Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after buying an additional 271 shares during the period. Versor Investments LP increased its stake in Carriage Services by 6.3% during the 4th quarter. Versor Investments LP now owns 8,387 shares of the company’s stock worth $334,000 after buying an additional 500 shares during the period. Finally, Jump Financial LLC increased its stake in Carriage Services by 7.9% during the 4th quarter. Jump Financial LLC now owns 8,200 shares of the company’s stock worth $327,000 after buying an additional 600 shares during the period. 66.46% of the stock is owned by hedge funds and other institutional investors.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.