Carriage Services (NYSE:CSV) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Carriage Services (NYSE:CSV) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on CSV. Weiss Ratings cut Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Roth Capital set a $46.00 price objective on Carriage Services in a research note on Friday, August 7th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of Carriage Services in a research note on Monday, April 27th. Finally, Raymond James Financial set a $50.00 target price on Carriage Services in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.00.

Carriage Services Price Performance

Shares of Carriage Services stock opened at $33.88 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.29 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $537.68 million, a price-to-earnings ratio of 12.14, a P/E/G ratio of 0.66 and a beta of 0.84. Carriage Services has a 1-year low of $33.33 and a 1-year high of $52.10. The firm’s 50-day moving average price is $38.38 and its two-hundred day moving average price is $42.46.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.04). Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.The firm had revenue of $102.95 million for the quarter, compared to analyst estimates of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities analysts predict that Carriage Services will post 3.38 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s payout ratio is currently 16.13%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Carriage Services in the 2nd quarter worth $42,164,000. Polar Asset Management Partners Inc. bought a new stake in Carriage Services in the first quarter valued at about $11,610,000. De Lisle Partners LLP acquired a new position in Carriage Services in the second quarter valued at about $9,191,000. Heartland Advisors Inc. acquired a new stake in shares of Carriage Services in the 2nd quarter valued at approximately $7,948,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Carriage Services during the second quarter worth $4,521,000. Institutional investors 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.