Carriage Services’ (CSV) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of Carriage Services (NYSE:CSV) in a research report released on Friday morning,Benzinga reports. The brokerage currently has a $50.00 price target on the stock. Barrington Research also issued estimates for Carriage Services’ Q1 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.73 EPS and FY2026 earnings at $3.45 EPS.

Carriage Services Trading Up 1.2 %

Shares of NYSE:CSV opened at $40.16 on Friday. Carriage Services has a 52 week low of $23.20 and a 52 week high of $42.75. The company’s 50 day moving average is $40.33 and its two-hundred day moving average is $36.88. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The company has a market cap of $611.36 million, a PE ratio of 18.01, a P/E/G ratio of 0.97 and a beta of 0.92.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The company had revenue of $97.70 million for the quarter, compared to the consensus estimate of $96.72 million. During the same period in the prior year, the firm posted $0.77 EPS. Equities analysts predict that Carriage Services will post 2.5 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, February 3rd. Carriage Services’s payout ratio is 21.43%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Carriage Services by 46.6% in the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after buying an additional 271 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Carriage Services in the 4th quarter valued at $45,000. R Squared Ltd acquired a new position in shares of Carriage Services in the 4th quarter valued at $65,000. Point72 Asset Management L.P. boosted its holdings in shares of Carriage Services by 1,074.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock valued at $154,000 after buying an additional 4,297 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of Carriage Services by 217.3% in the 4th quarter. Quantbot Technologies LP now owns 4,982 shares of the company’s stock valued at $199,000 after buying an additional 3,412 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

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.