Carriage Services, Inc. (NYSE:CSV) Receives $59.00 Consensus PT from Brokerages

Carriage Services, Inc. (NYSE:CSV) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $59.00.

Several equities analysts have issued reports on CSV shares. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a research note on Monday, January 5th. Zacks Research cut Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Finally, Raymond James Financial began coverage on Carriage Services in a research report on Wednesday, October 1st. They set an “outperform” rating and a $60.00 price objective for the company.

Carriage Services Trading Down 0.5%

NYSE:CSV opened at $44.00 on Friday. The stock has a market cap of $692.48 million, a price-to-earnings ratio of 14.15, a PEG ratio of 0.85 and a beta of 0.94. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 2.23. The company’s 50 day moving average price is $42.43 and its 200-day moving average price is $44.23. Carriage Services has a 52 week low of $35.51 and a 52 week high of $49.41.

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

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 3rd were given a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. Carriage Services’s payout ratio is presently 14.47%.

Institutional Trading of Carriage Services

Several hedge funds have recently bought and sold shares of CSV. Assenagon Asset Management S.A. bought a new position in shares of Carriage Services during the 3rd quarter valued at approximately $3,870,000. Punch & Associates Investment Management Inc. lifted its stake in shares of Carriage Services by 59.3% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company’s stock valued at $9,417,000 after buying an additional 78,730 shares in the last quarter. Seizert Capital Partners LLC bought a new position in Carriage Services in the 2nd quarter worth $2,448,000. Ameriprise Financial Inc. lifted its position in shares of Carriage Services by 12.5% in the second quarter. Ameriprise Financial Inc. now owns 477,238 shares of the company’s stock valued at $21,829,000 after acquiring an additional 52,889 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Carriage Services by 64.0% in the third quarter. Qube Research & Technologies Ltd now owns 134,440 shares of the company’s stock worth $5,988,000 after acquiring an additional 52,444 shares during the period. Institutional investors 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.