Carriage Services, Inc. (NYSE:CSV – Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $32.00 and last traded at $32.2050, with a volume of 45758 shares traded. The stock had previously closed at $32.52.
Analysts Set New Price Targets
A number of equities research analysts have commented on CSV shares. Zacks Research cut shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Roth Capital set a $46.00 price objective on shares of Carriage Services in a research report on Friday, August 7th. Weiss Ratings downgraded shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Raymond James Financial set a $50.00 price target on Carriage Services in a report on Friday, August 7th. Finally, Oppenheimer initiated coverage on Carriage Services in a research report on Thursday, August 13th. They set an “outperform” rating and a $48.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Carriage Services presently has a consensus rating of “Hold” and an average target price of $51.00.
Read Our Latest Analysis on Carriage Services
Carriage Services Trading Up 0.6%
Carriage Services (NYSE:CSV – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.04). Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.The business had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities research analysts expect that Carriage Services, Inc. will post 3.38 EPS for the current fiscal year.
Carriage Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 3rd. Carriage Services’s dividend payout ratio (DPR) is 16.13%.
Institutional Trading of Carriage Services
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Carriage Services in the second quarter worth about $4,521,000. Lazard Asset Management LLC lifted its holdings in Carriage Services by 94.2% during the 1st quarter. Lazard Asset Management LLC now owns 68,293 shares of the company’s stock valued at $3,118,000 after buying an additional 33,120 shares in the last quarter. Swedbank AB purchased a new stake in Carriage Services in the 1st quarter valued at about $3,753,000. De Lisle Partners LLP purchased a new stake in Carriage Services in the 2nd quarter valued at about $9,191,000. Finally, Polar Asset Management Partners Inc. bought a new position in Carriage Services in the 2nd quarter worth about $12,505,000. 66.46% of the stock is owned by hedge funds and other institutional investors.
Carriage Services Company Profile
Carriage Services, Inc is a Houston-based provider of funeral and cemetery services in the United States. The company operates funeral homes and cemeteries that serve families through the funeral, cremation and burial processes.
Its services include funeral and memorial ceremonies, cremation services, cemetery interment, burial and cremation merchandise, and related planning arrangements. Carriage Services also offers pre-need funeral and cemetery planning, allowing customers to arrange and fund services in advance.
Founded in 1991, the company has built its business through a combination of acquiring established funeral homes and cemeteries and supporting their local operations.
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