Carriage Services, Inc. (NYSE:CSV) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Carriage Services, Inc. (NYSE:CSV) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $59.00.

Several equities research analysts have recently issued reports on CSV shares. Weiss Ratings reissued a “buy (b)” rating on shares of Carriage Services in a research report on Monday, December 8th. Zacks Research cut Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of Carriage Services in a report on Monday, December 1st. Finally, Raymond James Financial assumed coverage on Carriage Services in a report on Wednesday, October 1st. They set an “outperform” rating and a $60.00 price objective for the company.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Carriage Services in the 3rd quarter valued at $29,000. Jones Financial Companies Lllp grew its holdings in shares of Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after acquiring an additional 868 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Carriage Services in the 3rd quarter valued at about $37,000. Quarry LP acquired a new stake in shares of Carriage Services in the third quarter valued at about $51,000. Finally, Ameritas Investment Partners Inc. raised its holdings in Carriage Services by 22.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock worth $66,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Stock Up 0.7%

Shares of Carriage Services stock opened at $44.20 on Tuesday. Carriage Services has a 1 year low of $35.51 and a 1 year high of $49.41. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.88 and a quick ratio of 0.75. The company has a market capitalization of $695.77 million, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.96. The business has a 50-day moving average of $43.25 and a two-hundred day moving average of $44.46.

Carriage Services (NYSE:CSV) last issued 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. The business had revenue of $102.74 million during the quarter, compared to analyst estimates of $100.96 million. Carriage Services had a return on equity of 21.39% and a net margin of 11.98%.Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. As a group, equities analysts predict that Carriage Services will post 2.5 EPS for the current 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 issued a $0.1125 dividend. The ex-dividend date was Monday, November 3rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. Carriage Services’s dividend payout ratio (DPR) is 14.47%.

About Carriage Services

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.