Carriage Services (NYSE:CSV) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Carriage Services (NYSE:CSV) issued its quarterly earnings data on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.04), Zacks reports. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services updated its FY 2026 guidance to 3.350-3.550 EPS.

Carriage Services Trading Up 1.7%

Shares of NYSE:CSV traded up $0.67 during midday trading on Wednesday, reaching $41.18. The company’s stock had a trading volume of 151,741 shares, compared to its average volume of 116,940. The firm has a market cap of $653.57 million, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.78 and a beta of 0.84. The business has a 50 day moving average price of $38.90 and a 200 day moving average price of $42.75. Carriage Services has a 1 year low of $36.39 and a 1 year high of $52.10. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.99.

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.1125 per share. The ex-dividend date is Monday, August 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.1%. Carriage Services’s dividend payout ratio (DPR) is 16.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CSV. Weiss Ratings downgraded shares of Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a research note on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Carriage Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.67.

Institutional Trading of Carriage Services

A number of hedge funds have recently added to or reduced their stakes in CSV. Russell Investments Group Ltd. boosted its stake in Carriage Services by 3.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock worth $404,000 after buying an additional 258 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock valued at $313,000 after acquiring an additional 312 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Carriage Services by 3.0% during the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock valued at $514,000 after acquiring an additional 330 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Carriage Services by 4.3% during the 4th quarter. AQR Capital Management LLC now owns 10,775 shares of the company’s stock worth $456,000 after acquiring an additional 446 shares during the period. Finally, Verition Fund Management LLC lifted its holdings in shares of Carriage Services by 11.3% during the 3rd quarter. Verition Fund Management LLC now owns 5,407 shares of the company’s stock worth $241,000 after acquiring an additional 548 shares during the period. 66.46% of the stock is owned by institutional investors and hedge funds.

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.