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

Carriage Services (NYSE:CSV) announced its quarterly earnings data on Wednesday. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04), Zacks reports. Carriage Services had a net margin of 10.69% and a return on equity of 19.70%. The business had revenue of $102.95 million during the quarter, compared to analyst estimates of $108.91 million. Carriage Services updated its FY 2026 guidance to 3.350-3.550 EPS.

Carriage Services Stock Down 2.5%

CSV traded down $0.92 on Friday, reaching $36.09. The company’s stock had a trading volume of 279,266 shares, compared to its average volume of 111,170. The company has a market capitalization of $572.67 million, a price-to-earnings ratio of 12.94, a P/E/G ratio of 0.80 and a beta of 0.84. Carriage Services has a fifty-two week low of $35.75 and a fifty-two week 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. The stock has a 50 day moving average of $38.79 and a two-hundred day moving average of $42.70.

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 issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s dividend payout ratio is 16.30%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Roth Capital set a $46.00 price objective on Carriage Services in a research note on Friday. Weiss Ratings cut Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Finally, Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a research note on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.75.

Hedge Funds Weigh In On Carriage Services

Several large investors have recently bought and sold shares of CSV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 worth $313,000 after buying an additional 312 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after acquiring an additional 868 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Carriage Services in the 1st quarter valued at $689,000. Creative Planning purchased a new position in Carriage Services during the 2nd quarter worth $200,000. Finally, Rhumbline Advisers increased its stake in Carriage Services by 8.2% in the second quarter. Rhumbline Advisers now owns 21,856 shares of the company’s stock valued at $1,000,000 after purchasing an additional 1,654 shares during the period. Institutional investors and hedge funds 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.