Shares of Carriage Services, Inc. (NYSE:CSV – Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $33.33 and last traded at $33.88, with a volume of 442567 shares changing hands. The stock had previously closed at $33.64.
Analyst Ratings Changes
CSV has been the subject of a number of research reports. Roth Capital set a $46.00 price target on shares of Carriage Services in a research report on Friday, August 7th. Zacks Research downgraded Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a research report on Monday, April 27th. Oppenheimer started coverage on Carriage Services in a report on Thursday. They issued an “outperform” rating and a $48.00 target price on the stock. Finally, Weiss Ratings downgraded Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.00.
Read Our Latest Stock Analysis on Carriage Services
Carriage Services Trading Up 4.4%
Carriage Services (NYSE:CSV – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. The company had revenue of $102.95 million for the quarter, compared to analyst estimates of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities analysts predict that Carriage Services, Inc. will post 3.38 earnings per share for the current year.
Carriage Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.2%. Carriage Services’s dividend payout ratio (DPR) is currently 16.13%.
Hedge Funds Weigh In On Carriage Services
A number of hedge funds have recently made changes to their positions in CSV. Polar Asset Management Partners Inc. purchased a new position in shares of Carriage Services in the 2nd quarter worth $12,505,000. Manatuck Hill Partners LLC purchased a new stake in Carriage Services during the second quarter valued at about $2,553,000. Legal & General Group Plc acquired a new stake in Carriage Services during the second quarter worth about $54,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Carriage Services during the second quarter worth about $334,000. Finally, Quantbot Technologies LP purchased a new position in shares of Carriage Services in the 2nd quarter worth about $611,000. Institutional investors and hedge funds 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.
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