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

Shares of Carriage Services, Inc. (NYSE:CSV) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $59.00.

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

Carriage Services Price Performance

Shares of CSV opened at $44.09 on Friday. Carriage Services has a 12 month low of $35.51 and a 12 month 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 stock has a fifty day moving average price of $42.55 and a 200 day moving average price of $44.20. The company has a market cap of $693.93 million, a P/E ratio of 14.18, a PEG ratio of 0.85 and a beta of 0.94.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results 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 company had revenue of $102.74 million during the quarter, compared to the consensus estimate of $100.96 million. Carriage Services had a net margin of 11.98% and a return on equity of 21.39%. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. On average, research analysts forecast that Carriage Services will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

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

Institutional Trading of Carriage Services

A number of institutional investors have recently made changes to their positions in CSV. Assenagon Asset Management S.A. acquired a new position in shares of Carriage Services during the third quarter valued at approximately $3,870,000. Punch & Associates Investment Management Inc. boosted its stake in 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 purchasing an additional 78,730 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Carriage Services during the 2nd quarter valued at $2,448,000. Ameriprise Financial Inc. raised its stake in shares of Carriage Services by 12.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 477,238 shares of the company’s stock worth $21,829,000 after buying an additional 52,889 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings 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 valued at $5,988,000 after buying an additional 52,444 shares during the period. 66.46% of the stock is owned by institutional investors and hedge funds.

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.