Carriage Services, Inc. (NYSE:CSV) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus target price of $26.00 for the company and are forecasting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Carriage Services an industry rank of 196 out of 256 based on the ratings given to related companies.

A number of research firms recently issued reports on CSV. Barrington Research restated a “buy” rating and issued a $26.00 target price on shares of Carriage Services in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Carriage Services from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a report on Thursday, January 31st.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Carriage Services by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,546,110 shares of the company’s stock valued at $29,763,000 after purchasing an additional 70,557 shares during the period. BlackRock Inc. grew its holdings in Carriage Services by 1.8% in the third quarter. BlackRock Inc. now owns 1,379,683 shares of the company’s stock valued at $29,735,000 after purchasing an additional 24,186 shares during the period. Renaissance Technologies LLC grew its holdings in Carriage Services by 8.3% in the first quarter. Renaissance Technologies LLC now owns 1,230,900 shares of the company’s stock valued at $23,695,000 after purchasing an additional 94,500 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in Carriage Services by 14.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 846,793 shares of the company’s stock valued at $16,301,000 after purchasing an additional 108,800 shares during the period. Finally, Vanguard Group Inc grew its holdings in Carriage Services by 2.9% in the third quarter. Vanguard Group Inc now owns 688,374 shares of the company’s stock valued at $14,834,000 after purchasing an additional 19,521 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Shares of NYSE:CSV traded up $0.39 during trading on Friday, reaching $20.57. The stock had a trading volume of 68,452 shares, compared to its average volume of 118,195. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.81 and a quick ratio of 0.61. The firm has a market cap of $374.44 million, a PE ratio of 17.58, a P/E/G ratio of 0.98 and a beta of 0.93. Carriage Services has a fifty-two week low of $14.50 and a fifty-two week high of $25.58.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The firm had revenue of $69.08 million during the quarter, compared to analyst estimates of $73.19 million. Carriage Services had a net margin of 3.35% and a return on equity of 7.69%. As a group, sell-side analysts expect that Carriage Services will post 1.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.30 dividend on an annualized basis and a yield of 1.46%. Carriage Services’s payout ratio is 25.64%.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.

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