Barrington Research Reaffirms "Outperform" Rating for Carriage Services (NYSE:CSV)

Barrington Research reaffirmed their outperform rating on shares of Carriage Services (NYSE:CSV - Free Report) in a research report released on Friday morning,Benzinga reports. The firm currently has a $50.00 price objective on the stock. Barrington Research also issued estimates for Carriage Services' Q1 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.73 EPS and FY2026 earnings at $3.45 EPS.

Carriage Services Price Performance

NYSE CSV traded down $0.91 during trading hours on Friday, reaching $38.83. The company's stock had a trading volume of 193,762 shares, compared to its average volume of 108,218. The firm has a market capitalization of $591.03 million, a price-to-earnings ratio of 17.41, a P/E/G ratio of 0.97 and a beta of 0.92. The company's 50-day moving average is $40.32 and its two-hundred day moving average is $37.04. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. Carriage Services has a 1-year low of $23.20 and a 1-year high of $42.75.

Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.11. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The business had revenue of $97.70 million during the quarter, compared to the consensus estimate of $96.72 million. During the same period in the prior year, the company posted $0.77 EPS. On average, equities analysts predict that Carriage Services will post 2.5 EPS for the current year.

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Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.16%. Carriage Services's dividend payout ratio (DPR) is presently 21.43%.

Institutional Investors Weigh In On Carriage Services

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of Carriage Services in the third quarter worth approximately $232,000. Versor Investments LP acquired a new stake in Carriage Services during the 3rd quarter worth $259,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Carriage Services by 141.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,379 shares of the company's stock worth $866,000 after buying an additional 15,433 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in Carriage Services during the third quarter worth about $2,151,000. Finally, Algert Global LLC lifted its stake in Carriage Services by 22.1% in the 3rd quarter. Algert Global LLC now owns 13,904 shares of the company's stock worth $456,000 after purchasing an additional 2,517 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.