Carriage Services, Inc. Plans Quarterly Dividend of $0.11 (NYSE:CSV)

Carriage Services, Inc. (NYSE:CSV) declared a quarterly dividend on Thursday, January 15th. Shareholders of record on Monday, February 2nd will be given a dividend of 0.1125 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, February 2nd.

Carriage Services has increased its dividend payment by an average of 0.1%annually over the last three years. Carriage Services has a dividend payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carriage Services to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 16.0%.

Carriage Services Stock Performance

NYSE CSV opened at $44.03 on Friday. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.88 and a quick ratio of 0.75. Carriage Services has a 1-year low of $35.51 and a 1-year high of $49.41. The business has a 50 day simple moving average of $42.49 and a two-hundred day simple moving average of $44.21. The stock has a market capitalization of $693.06 million, a PE ratio of 14.16, a P/E/G ratio of 0.84 and a beta of 0.94.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Carriage Services had a net margin of 11.98% and a return on equity of 21.39%. The firm had revenue of $102.74 million during the quarter, compared to analyst estimates of $100.96 million. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. On average, research analysts predict that Carriage Services will post 2.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CSV has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a research report on Monday, January 5th. Zacks Research lowered Carriage Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Raymond James Financial initiated coverage on shares of Carriage Services in a research note on Wednesday, October 1st. They set an “outperform” rating and a $60.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Carriage Services presently has an average rating of “Moderate Buy” and an average target price of $59.00.

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.