Carriage Services (NYSE:CSV) Research Coverage Started at Oppenheimer

Oppenheimer assumed coverage on shares of Carriage Services (NYSE:CSV) in a report released on Thursday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $48.00 target price on the stock.

Several other equities analysts have also recently weighed in on CSV. Zacks Research cut Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a research note on Monday, April 27th. Roth Capital set a $46.00 target price on shares of Carriage Services in a report on Friday, August 7th. Weiss Ratings lowered shares of Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Finally, Raymond James Financial set a $50.00 price target on shares of Carriage Services in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Carriage Services has an average rating of “Hold” and an average price target of $51.00.

Carriage Services Stock Up 4.4%

CSV stock opened at $36.45 on Thursday. Carriage Services has a twelve month low of $33.33 and a twelve month high of $52.10. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. The stock’s 50 day moving average is $38.30 and its 200-day moving average is $42.36. The firm has a market capitalization of $578.51 million, a PE ratio of 13.07, a P/E/G ratio of 0.72 and a beta of 0.84.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.04). Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. The company had revenue of $102.95 million for the quarter, compared to analysts’ expectations of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Sell-side analysts expect that Carriage Services will post 3.38 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given a $0.1125 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 annualized dividend and a yield of 1.2%. Carriage Services’s payout ratio is currently 16.13%.

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. grew its position in Carriage Services by 50.8% during the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after buying an additional 264 shares during the period. Jones Financial Companies Lllp grew its position in Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after buying an additional 868 shares during the period. Optiver Holding B.V. increased its holdings in Carriage Services by 2,195.1% during the first quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock worth $43,000 after buying an additional 900 shares during the last quarter. Finally, Quarry LP purchased a new stake in Carriage Services during the third quarter worth about $51,000. Institutional investors own 66.46% of the company’s stock.

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.