Should I buy or sell Carriage Services stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carriage Services in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CSV shares. View CSV analyst ratings or view top-rated stocks .

What is Carriage Services' stock price target for 2024?

1 Wall Street research analysts have issued 12-month target prices for Carriage Services' shares. Their CSV share price targets range from $38.00 to $38.00. On average, they anticipate the company's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 61.3% from the stock's current price. View analysts price targets for CSV or view top-rated stocks among Wall Street analysts .

How have CSV shares performed in 2024?

Carriage Services' stock was trading at $25.01 at the beginning of 2024. Since then, CSV shares have decreased by 5.8% and is now trading at $23.56. View the best growth stocks for 2024 here .

Are investors shorting Carriage Services?

Carriage Services saw a decrease in short interest in March. As of March 31st, there was short interest totaling 265,900 shares, a decrease of 8.8% from the March 15th total of 291,700 shares. Based on an average daily volume of 93,500 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.0% of the company's stock are short sold. View Carriage Services' Short Interest .

When is Carriage Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our CSV earnings forecast .

How were Carriage Services' earnings last quarter?

Carriage Services, Inc. (NYSE:CSV) posted its earnings results on Wednesday, February, 21st. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.28. The business earned $98.83 million during the quarter, compared to analysts' expectations of $93.27 million. Carriage Services had a trailing twelve-month return on equity of 21.39% and a net margin of 8.73%.

How often does Carriage Services pay dividends? What is the dividend yield for Carriage Services?

Carriage Services announced a quarterly dividend on Thursday, January 18th. Stockholders of record on Monday, February 5th will be given a dividend of $0.1125 per share on Friday, March 1st. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 2nd. Read our dividend analysis for CSV .

Is Carriage Services a good dividend stock?

Carriage Services (NYSE:CSV) pays an annual dividend of $0.45 per share and currently has a dividend yield of 1.90%. The dividend payout ratio is 20.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSV will have a dividend payout ratio of 17.86% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CSV .

What guidance has Carriage Services issued on next quarter's earnings?

Carriage Services updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of 2.200-2.300 for the period, compared to the consensus earnings per share estimate of 2.300. The company issued revenue guidance of $380.0 million-$390.0 million, compared to the consensus revenue estimate of $386.0 million.

What is Mel Payne's approval rating as Carriage Services' CEO?

24 employees have rated Carriage Services Chief Executive Officer Mel Payne on Glassdoor.com . Mel Payne has an approval rating of 59% among the company's employees. This puts Mel Payne in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Carriage Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carriage Services investors own include NVIDIA (NVDA) , Mastercard (MA) , Service Co. International (SCI) , Verizon Communications (VZ) , QUALCOMM (QCOM) , AT&T (T) , Boeing (BA) , Bristol-Myers Squibb (BMY) , Walt Disney (DIS) and Home Depot (HD) .

Who are Carriage Services' major shareholders?

Carriage Services' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sanders Morris Harris LLC (0.11%). Insiders that own company stock include Adeola Olaniyan, Carl Benjamin Brink , Carlos R Quezada, Carlos R Quezada , Charles Fargason, Christopher Manceaux , Kathryn Housh Shirley, Melvin C Payne , Paul Donald Elliott , Robbie Pape, Shane Pudenz, Shawn R Phillips and Steven D Metzger . View institutional ownership trends .

How do I buy shares of Carriage Services?

Shares of CSV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:CSV

Carriage Services (CSV) Stock Price, News & Analysis

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Free CSV Stock Alerts

$23.56

+0.24 (+1.03%)

(As of 04/18/2024 ET)

Compare

Today's Range: $23.20
▼
$23.69
50-Day Range: $23.32
▼
$27.04
52-Week Range: $18.06
▼
$35.59

Volume: 87,293 shs
Average Volume: 91,075 shs
Market Capitalization: $356.70 million

P/E Ratio: 10.96
Dividend Yield: 1.91%
Price Target: $38.00

Get Carriage Services alerts:

Carriage Services MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 61.3% Upside
$38.00 Price Target
Short Interest: Healthy
2.03% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.63
Based on 4 Articles This Week
Insider Trading: Selling Shares
$369,521 Sold Last Quarter
Proj. Earnings Growth: 12.00%
From $2.25 to $2.52 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.90 out of 5 stars

Consumer Staples Sector

3rd out of 134 stocks

Personal Services Industry

1st out of 10 stocks

3.5

Analyst's Opinion

Consensus Rating
Carriage Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Carriage Services has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.03% of the float of Carriage Services has been sold short.
Short Interest Ratio / Days to Cover
Carriage Services has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Carriage Services has recently decreased by 8.84%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Carriage Services pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Carriage Services does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Carriage Services is 20.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Carriage Services will have a dividend payout ratio of 17.86% next year. This indicates that Carriage Services will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CSV.

2.6

News and Social Media Coverage

News Sentiment
Carriage Services has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Carriage Services this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added Carriage Services to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carriage Services insiders have sold 140.76% more of their company's stock than they have bought. Specifically, they have bought $153,480.00 in company stock and sold $369,521.00 in company stock.
Percentage Held by Insiders
12.10% of the stock of Carriage Services is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
66.46% of the stock of Carriage Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Carriage Services are expected to grow by 12.00% in the coming year, from $2.25 to $2.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carriage Services is 10.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Carriage Services is 10.96, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 20.92.
Price to Earnings Growth Ratio
Carriage Services has a PEG Ratio of 0.70. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Carriage Services has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Carriage Services Stock (NYSE:CSV)

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. The Cemetery Operations segment sells interment rights for grave sites, lawn crypts, mausoleum spaces, and niches; related cemetery merchandise, including memorial markers, outer burial containers, and monuments; and interments, inurnments, and installation of cemetery merchandise services. Carriage Services, Inc. was founded in 1991 and is based in Houston, Texas.

CSV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CSV Stock News Headlines

March 22, 2024 | insidertrades.com

Paul Donald Elliott Sells 6,500 Shares of Carriage Services, Inc. (NYSE:CSV) Stock

March 21, 2024 | insidertrades.com

Carriage Services, Inc. (NYSE:CSV) Director Purchases $153,480.00 in Stock

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April 18, 2024 | globenewswire.com

Carriage Services Declares Quarterly Cash Dividend

April 17, 2024 | globenewswire.com

Carriage Services Announces 2024 First Quarter Earnings Release and Conference Call Schedule

April 16, 2024 | money.usnews.com

Carriage Services, Inc.

April 8, 2024 | finance.yahoo.com

Specialized Consumer Services Q4 Earnings: Carriage Services (NYSE:CSV) Simply the Best

April 4, 2024 | seekingalpha.com

Carriage Services: Still Not Cheap Enough To Justify Balance Sheet Concerns

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March 21, 2024 | finance.yahoo.com

Director Charles Fargason Acquires 6,000 Shares of Carriage Services Inc (CSV)

March 15, 2024 | finance.yahoo.com

CSV Apr 2024 15.000 call

March 12, 2024 | finance.yahoo.com

Director Charles Fargason Acquires 5,000 Shares of Carriage Services Inc (CSV)

February 24, 2024 | uk.news.yahoo.com

Major Crime Unit takes over search for missing Norfolk man

February 23, 2024 | finance.yahoo.com

Carriage Services, Inc. (NYSE:CSV) Q4 2023 Earnings Call Transcript

February 23, 2024 | markets.businessinsider.com

Strong Q4 Performance and Positive Outlook Affirm Buy Rating for Carriage Services Inc.

February 23, 2024 | finance.yahoo.com

Q4 2023 Carriage Services Inc Earnings Call

February 23, 2024 | bizjournals.com

Carriage Services completes strategic review spurred by rival death care company's unsolicited bid

February 22, 2024 | finanznachrichten.de

Carriage Services, Inc.: Carriage Services Announces Fourth Quarter and Full Year 2023 Results

February 22, 2024 | benzinga.com

Earnings Outlook For Carriage Servs

February 22, 2024 | finance.yahoo.com

Carriage Services Inc (CSV) Reports Growth Amidst Challenges in Q4 and Full Year 2023 Results

February 21, 2024 | finance.yahoo.com

Carriage Services (CSV) Tops Q4 Earnings and Revenue Estimates

February 21, 2024 | finance.yahoo.com

Carriage Services (NYSE:CSV) Beats Expectations in Strong Q4, Guidance Less Exciting

February 21, 2024 | finance.yahoo.com

Carriage Services Announces Fourth Quarter and Full Year 2023 Results

February 21, 2024 | globenewswire.com

Carriage Services Announces Fourth Quarter and Full Year 2023 Results

February 20, 2024 | seekingalpha.com

Carriage Q4 2023 Earnings Preview

February 14, 2024 | finance.yahoo.com

Jim Simons Adjusts Position in Carriage Services Inc

February 12, 2024 | finance.yahoo.com

Is Carriage Services, Inc. (NYSE:CSV) A High Quality Stock To Own?

See More Headlines

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Company Calendar

Ex-Dividend for 3/1 Dividend: 2/02/2024
Last Earnings: 2/21/2024
Dividend Payable: 3/01/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Staples
Industry: Personal services
Sub-Industry: Specialized Consumer Services
Current Symbol: NYSE:CSV
CUSIP: 14390510
CIK: 1016281
Web: www.carriageservices.com
Phone: (713) 332-8400
Fax: 713-332-8401
Employees: 2,602
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $38.00
High Stock Price Target: $38.00
Low Stock Price Target: $38.00
Potential Upside/Downside: +61.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.15
Trailing P/E Ratio: 10.96
Forward P/E Ratio: 10.47
P/E Growth: 0.7
Net Income: $33.41 million
Net Margins: 8.73%
Pretax Margin: 12.14%
Return on Equity: 21.39%
Return on Assets: 2.73%

Debt

Debt-to-Equity Ratio: 2.32
Current Ratio: 0.82
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $382.52 million
Price / Sales: 0.93
Cash Flow: $3.87 per share
Price / Cash Flow: 6.09
Book Value: $11.75 per share
Price / Book: 2.01

Miscellaneous

Outstanding Shares: 15,140,000
Free Float: 13,309,000
Market Cap: $356.70 million
Optionable: Optionable
Beta: 0.84

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Key Executives

Mr. Carlos R. Quezada (Age 53)
CEO & Vice Chairman
Comp: $1.16M
Mr. Steven D. Metzger (Age 46)
President, Executive VP, Secretary, Chief Administrative Officer & General Counsel
Comp: $850.29k
Mr. Melvin C. Payne (Age 81)
Founder & Director
Comp: $2M
Mr. Shawn R. Phillips (Age 61)
Senior VP, Regional Partner and Head of Strategic & Corporate Development
Comp: $566.88k
Mr. L. Kian Granmayeh (Age 44)
CFO & Principal Accounting Officer
Mr. Rob P. Franch (Age 50)
Chief Information Officer
Mr. Shane T. Pudenz (Age 34)
Senior Vice President of Sales & Marketing
Mr. Paul Donald Elliott (Age 63)
Senior VP & Regional Partner of West
Comp: $448.13k
Ms. Peggy Schappaugh (Age 48)
Senior Vice President of Operations & Acquisition Analysis
Mr. Christopher Manceaux (Age 53)
Senior VP & Regional Partner

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CSV Stock Analysis - Frequently Asked Questions

Should I buy or sell Carriage Services stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carriage Services in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CSV shares.
View CSV analyst ratings or view top-rated stocks.
What is Carriage Services' stock price target for 2024?: 1 Wall Street research analysts have issued 12-month target prices for Carriage Services' shares. Their CSV share price targets range from $38.00 to $38.00. On average, they anticipate the company's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 61.3% from the stock's current price.
View analysts price targets for CSV or view top-rated stocks among Wall Street analysts.
How have CSV shares performed in 2024?: Carriage Services' stock was trading at $25.01 at the beginning of 2024. Since then, CSV shares have decreased by 5.8% and is now trading at $23.56.
View the best growth stocks for 2024 here.
Are investors shorting Carriage Services?: Carriage Services saw a decrease in short interest in March. As of March 31st, there was short interest totaling 265,900 shares, a decrease of 8.8% from the March 15th total of 291,700 shares. Based on an average daily volume of 93,500 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.0% of the company's stock are short sold.
View Carriage Services' Short Interest.
When is Carriage Services' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our CSV earnings forecast.
How were Carriage Services' earnings last quarter?: Carriage Services, Inc. (NYSE:CSV) posted its earnings results on Wednesday, February, 21st. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.28. The business earned $98.83 million during the quarter, compared to analysts' expectations of $93.27 million. Carriage Services had a trailing twelve-month return on equity of 21.39% and a net margin of 8.73%.
How often does Carriage Services pay dividends? What is the dividend yield for Carriage Services?: Carriage Services announced a quarterly dividend on Thursday, January 18th. Stockholders of record on Monday, February 5th will be given a dividend of $0.1125 per share on Friday, March 1st. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 2nd.
Read our dividend analysis for CSV.

Is Carriage Services a good dividend stock?: Carriage Services (NYSE:CSV) pays an annual dividend of $0.45 per share and currently has a dividend yield of 1.90%. The dividend payout ratio is 20.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSV will have a dividend payout ratio of 17.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CSV.
What guidance has Carriage Services issued on next quarter's earnings?: Carriage Services updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of 2.200-2.300 for the period, compared to the consensus earnings per share estimate of 2.300. The company issued revenue guidance of $380.0 million-$390.0 million, compared to the consensus revenue estimate of $386.0 million.
What is Mel Payne's approval rating as Carriage Services' CEO?: 24 employees have rated Carriage Services Chief Executive Officer Mel Payne on Glassdoor.com. Mel Payne has an approval rating of 59% among the company's employees. This puts Mel Payne in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Carriage Services own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Carriage Services investors own include NVIDIA (NVDA), Mastercard (MA), Service Co. International (SCI), Verizon Communications (VZ), QUALCOMM (QCOM), AT&T (T), Boeing (BA), Bristol-Myers Squibb (BMY), Walt Disney (DIS) and Home Depot (HD).
Who are Carriage Services' major shareholders?: Carriage Services' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sanders Morris Harris LLC (0.11%). Insiders that own company stock include Adeola Olaniyan, Carl Benjamin Brink, Carlos R Quezada, Carlos R Quezada, Charles Fargason, Christopher Manceaux, Kathryn Housh Shirley, Melvin C Payne, Paul Donald Elliott, Robbie Pape, Shane Pudenz, Shawn R Phillips and Steven D Metzger.
View institutional ownership trends.
How do I buy shares of Carriage Services?: Shares of CSV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CSV) was last updated on 4/19/2024 by MarketBeat.com Staff

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Carriage Services (CSV) Stock Price, News & Analysis

Carriage Services MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Carriage Services Stock (NYSE:CSV)

CSV Stock Price History

CSV Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CSV Stock Analysis - Frequently Asked Questions

Overall MarketRank^™