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 report published on Monday,Benzinga reports. The brokerage currently has a $60.00 target price on the stock.

Separately, Weiss Ratings cut shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Carriage Services Trading Up 0.8%

CSV opened at $51.67 on Monday. The stock has a market capitalization of $813.80 million, a PE ratio of 15.85, a P/E/G ratio of 1.00 and a beta of 0.92. The firm’s fifty day moving average price is $45.42 and its 200 day moving average price is $43.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.98 and a quick ratio of 0.84. Carriage Services has a 12-month low of $38.10 and a 12-month high of $52.10.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.05). The company had revenue of $105.48 million during the quarter, compared to analyst estimates of $103.50 million. Carriage Services had a net margin of 12.34% and a return on equity of 21.22%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, research analysts expect that Carriage Services will post 3.43 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 4th will be given a dividend of $0.1125 per share. The ex-dividend date is Monday, May 4th. This represents a $0.45 annualized dividend and a dividend yield of 0.9%. Carriage Services’s dividend payout ratio is currently 13.80%.

Hedge Funds Weigh In On Carriage Services

Several institutional investors have recently modified their holdings of CSV. Caitong International Asset Management Co. Ltd bought a new position in shares of Carriage Services during the third quarter worth about $29,000. Jones Financial Companies Lllp grew its position in shares of Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after acquiring an additional 868 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Carriage Services during the third quarter worth about $37,000. Quarry LP bought a new position in shares of Carriage Services during the third quarter worth about $51,000. Finally, Raymond James Financial Inc. bought a new position in shares of Carriage Services during the second quarter worth about $71,000. Institutional investors own 66.46% of the company’s stock.

About Carriage Services

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.