Carriage Services (CSV) Stock Price, News & Analysis

Company Overview

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. The Cemetery Operations segment sells interment rights for grave sites, lawn crypts, mausoleum spaces, and niches; related cemetery merchandise, including memorial markers, outer burial containers, and monuments; and interments, inurnments, and installation of cemetery merchandise services. Carriage Services, Inc. was founded in 1991 and is based in Houston, Texas.

Key Stats

• Today's Range: $31.39 to $32.35
• 50-Day Range: $29.99 to $33.40
• 52-Week Range: $18.06 to $35.00
• Volume: 83,032 shs
• Average Volume: 106,965 shs
• Market Capitalization: $490.28 million
• P/E Ratio: 17.02
• Dividend Yield: 1.39%
• Price Target: $39.00
• Consensus Rating: Buy

Carriage Services Stock Analysis - MarketRank™

Carriage Services scored higher than 95% of companies evaluated by MarketBeat, and ranked 4th out of 39 stocks in the consumer cyclical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Carriage Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Carriage Services has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 15.38%

Earnings Growth

Earnings for Carriage Services are expected to grow by 15.38% in the coming year, from $2.34 to $2.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carriage Services is 17.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carriage Services is 17.02, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 356.39.

Price to Earnings Growth Ratio

Carriage Services has a PEG Ratio of 0.86. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Carriage Services has a P/B Ratio of 2.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.89% of the float of Carriage Services has been sold short.

Short Interest Ratio / Days to Cover

Carriage Services has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Carriage Services has recently increased by 0.25%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Carriage Services pays a meaningful dividend of 1.46%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Carriage Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Carriage Services is 22.17%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Carriage Services will have a dividend payout ratio of 16.67% next year. This indicates that Carriage Services will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.89% of the float of Carriage Services has been sold short.

Short Interest Ratio / Days to Cover

Carriage Services has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Carriage Services has recently increased by 0.25%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.47

News Sentiment

Carriage Services has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.36 average news sentiment score of Consumer Cyclical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Carriage Services this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for CSV on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

2 people have added Carriage Services to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Carriage Services insiders have sold 514.27% more of their company's stock than they have bought. Specifically, they have bought $58,880.00 in company stock and sold $361,680.00 in company stock.

Percentage Held by Insiders

12.10% of the stock of Carriage Services is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

66.46% of the stock of Carriage Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CSV Stock Analysis - Frequently Asked Questions

How have CSV shares performed this year?

Carriage Services' stock was trading at $25.01 at the beginning of the year. Since then, CSV shares have increased by 29.3% and is now trading at $32.33.
View the best growth stocks for 2024 here.

How were Carriage Services' earnings last quarter?

Carriage Services, Inc. (NYSE:CSV) released its earnings results on Wednesday, July, 31st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. The company earned $102.32 million during the quarter, compared to analyst estimates of $94.40 million. Carriage Services had a net margin of 7.47% and a trailing twelve-month return on equity of 21.99%.

Who are Carriage Services' major shareholders?

Carriage Services' top institutional investors include SG Americas Securities LLC (0.04%). Insiders that own company stock include Melvin C Payne, Shawn R Phillips, Carlos R Quezada, Steven D Metzger, Paul Donald Elliott, Carl Benjamin Brink, Lance Kian Granmayeh, Robbie Pape, Charles Fargason, Shane Pudenz, Adeola Olaniyan and Christopher Manceaux.
View institutional ownership trends.

How do I buy shares of Carriage Services?

Shares of CSV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Carriage Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Carriage Services investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), NVIDIA (NVDA) and The RMR Group (RMR).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 9/3 Dividend: 8/05/2024
• Dividend Payable: 9/03/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 10/30/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Cyclical
• Industry: Personal Services
• Sub-Industry: Specialized Consumer Services
• Current Symbol: NYSE:CSV
• CUSIP: 14390510
• CIK: 1016281
• Web: www.carriageservices.com
• Phone: (713) 332-8400
• Fax: 713-332-8401
• Employees: 1,249
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $39.00
• High Stock Price Target: $40.00
• Low Stock Price Target: $38.00
• Potential Upside/Downside: +20.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.03
• Trailing P/E Ratio: 17.03
• Forward P/E Ratio: 13.82
• P/E Growth: 0.86
• Net Income: $33.41 million
• Net Margins: 7.47%
• Pretax Margin: 11.02%
• Return on Equity: 21.99%
• Return on Assets: 3.05%

Debt

• Debt-to-Equity Ratio: 2.14
• Current Ratio: 0.85
• Quick Ratio: 0.69

Sales & Book Value

• Annual Sales: $395.14 million
• Price / Sales: 1.24
• Cash Flow: $4.15 per share
• Price / Cash Flow: 7.79
• Book Value: $11.75 per share
• Price / Book: 2.75

Miscellaneous

• Outstanding Shares: 15,165,000
• Free Float: 13,369,000
• Market Cap: $490.59 million
• Optionable: Optionable
• Beta: 0.94