Carriage Services (NYSE:CSV) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Carriage Services, Inc. (NYSE:CSV) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $45.82 and traded as low as $40.42. Carriage Services shares last traded at $40.5090, with a volume of 104,614 shares traded.

Analyst Upgrades and Downgrades

CSV has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of Carriage Services in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.67.

Carriage Services Trading Down 1.7%

The company’s 50 day moving average price is $45.82 and its two-hundred day moving average price is $44.02. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 0.99. The stock has a market capitalization of $642.96 million, a PE ratio of 14.68, a P/E/G ratio of 0.79 and a beta of 0.90.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The firm had revenue of $106.12 million for the quarter, compared to the consensus estimate of $111.39 million. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, analysts expect that Carriage Services, Inc. will post 3.45 earnings per share for the current year.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 4th were paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, May 4th. Carriage Services’s dividend payout ratio (DPR) is currently 16.30%.

Hedge Funds Weigh In On Carriage Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Axxcess Wealth Management LLC lifted its stake in shares of Carriage Services by 42.5% in the third quarter. Axxcess Wealth Management LLC now owns 45,964 shares of the company’s stock worth $2,047,000 after buying an additional 13,703 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Carriage Services by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 121,273 shares of the company’s stock worth $5,401,000 after purchasing an additional 24,752 shares during the period. MQS Management LLC purchased a new position in Carriage Services during the third quarter worth about $742,000. North Star Investment Management Corp. purchased a new position in Carriage Services during the fourth quarter worth about $550,000. Finally, Navellier & Associates Inc. raised its stake in Carriage Services by 88.2% during the third quarter. Navellier & Associates Inc. now owns 26,932 shares of the company’s stock worth $1,200,000 after purchasing an additional 12,621 shares during the period. 66.46% of the stock is owned by hedge funds and other institutional investors.

About Carriage Services

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.