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

Carriage Services, Inc. (NYSE:CSV) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $59.00.

CSV has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 29th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a report on Monday, January 5th.

Carriage Services Trading Down 1.2%

Shares of NYSE CSV opened at $42.98 on Wednesday. The stock has a market cap of $676.51 million, a price-to-earnings ratio of 13.82, a PEG ratio of 0.84 and a beta of 0.95. Carriage Services has a 52 week low of $35.51 and a 52 week high of $49.41. The business has a 50 day simple moving average of $42.87 and a 200 day simple moving average of $43.85. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.75 and a current ratio of 0.88.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $102.74 million during the quarter, compared to analysts’ expectations of $100.96 million. Carriage Services had a return on equity of 21.39% and a net margin of 11.98%. On average, research analysts predict that Carriage Services will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.1125 per share. The ex-dividend date is Monday, February 2nd. This represents a $0.45 dividend on an annualized basis and a yield of 1.0%. Carriage Services’s dividend payout ratio (DPR) is 14.47%.

Institutional Trading of Carriage Services

A number of large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in shares of Carriage Services in the third quarter valued at approximately $3,870,000. Punch & Associates Investment Management Inc. increased its holdings 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 worth $9,417,000 after acquiring an additional 78,730 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Carriage Services in the second quarter valued at $2,448,000. Ameriprise Financial Inc. raised its holdings in Carriage Services by 12.5% in the 2nd 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 during the period. Finally, Qube Research & Technologies Ltd increased its stake in shares of Carriage Services by 64.0% during the third quarter. Qube Research & Technologies Ltd now owns 134,440 shares of the company’s stock worth $5,988,000 after purchasing 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.