Brokerages Set Carriage Services, Inc. (NYSE:CSV) PT at $59.00

Carriage Services, Inc. (NYSE:CSV) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $59.00.

CSV has been the topic of several research analyst reports. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of Carriage Services in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th.

Hedge Funds Weigh In On Carriage Services

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in Carriage Services in the 3rd quarter valued at $29,000. Jones Financial Companies Lllp increased its position in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares during the period. State of Alaska Department of Revenue bought a new position in Carriage Services during the 3rd quarter worth $37,000. Quarry LP acquired a new stake in shares of Carriage Services during the third quarter worth $51,000. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Carriage Services by 22.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock valued at $66,000 after acquiring an additional 262 shares during the period. Institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Performance

CSV opened at $44.73 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 2.09. Carriage Services has a 12-month low of $35.51 and a 12-month high of $49.41. The business has a 50 day moving average of $43.55 and a 200-day moving average of $43.50. The stock has a market cap of $704.50 million, a price-to-earnings ratio of 13.72, a PEG ratio of 0.87 and a beta of 0.94.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, February 25th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Carriage Services had a return on equity of 21.22% and a net margin of 12.34%.The business had revenue of $105.48 million for the quarter, compared to analyst estimates of $103.50 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities research analysts expect that Carriage Services will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, February 2nd. Carriage Services’s payout ratio is currently 13.80%.

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.