Analysts Set Carriage Services, Inc. (NYSE:CSV) PT at $59.00

Carriage Services, Inc. (NYSE:CSV) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $59.00.

A number of research firms have weighed in on CSV. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a report on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of Carriage Services in a research report on Monday, December 29th.

Carriage Services Stock Performance

NYSE:CSV opened at $44.45 on Wednesday. The company has a market capitalization of $699.64 million, a P/E ratio of 14.29, a P/E/G ratio of 0.85 and a beta of 0.95. The business has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $43.84. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.88 and a quick ratio of 0.75. Carriage Services has a 1 year low of $35.51 and a 1 year high of $49.41.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. Carriage Services had a return on equity of 21.39% and a net margin of 11.98%.The company had revenue of $102.74 million during the quarter, compared to the consensus estimate of $100.96 million. On average, analysts expect that Carriage Services will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, February 2nd. Carriage Services’s dividend payout ratio (DPR) is currently 14.47%.

Hedge Funds Weigh In On Carriage Services

A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Carriage Services by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after purchasing an additional 312 shares during the last quarter. Jones Financial Companies Lllp raised 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 worth $36,000 after buying an additional 868 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Carriage Services in the 1st quarter valued at approximately $689,000. Janney Montgomery Scott LLC purchased a new stake in Carriage Services in the second quarter worth $435,000. Finally, Inspire Investing LLC purchased a new stake in Carriage Services in the second quarter worth $878,000. 66.46% of the stock is owned by hedge funds and other institutional investors.

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.