Carriage Services (NYSE:CSV) Reaches New 1-Year Low – Here’s Why

Carriage Services, Inc. (NYSE:CSV) shares reached a new 52-week low on Monday . The stock traded as low as $36.91 and last traded at $37.00, with a volume of 15761 shares. The stock had previously closed at $37.67.

Wall Street Analyst Weigh In

CSV has been the subject of a number of analyst reports. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a report on Monday, April 27th. Weiss Ratings downgraded Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Carriage Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.67.

Carriage Services Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.99. The business has a 50-day moving average of $40.06 and a 200 day moving average of $43.08. The firm has a market capitalization of $591.24 million, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.73 and a beta of 0.84.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The firm had revenue of $106.12 million for the quarter, compared to the consensus estimate of $111.39 million. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, research analysts anticipate that Carriage Services, Inc. will post 3.45 EPS for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s dividend payout ratio (DPR) is presently 16.30%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Carriage Services during the 3rd quarter worth $29,000. PNC Financial Services Group Inc. boosted its stake in Carriage Services by 50.8% in the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after acquiring an additional 264 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Carriage Services by 1,736.0% in the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after acquiring an additional 868 shares during the last quarter. Optiver Holding B.V. grew its position in shares of Carriage Services by 2,195.1% during the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock valued at $43,000 after acquiring an additional 900 shares during the period. Finally, Quarry LP bought a new position in shares of Carriage Services during the 3rd quarter valued at approximately $51,000. Institutional investors own 66.46% of the company’s stock.

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.