Carriage Services (NYSE:CSV) Lowered to "Strong Sell" Rating by Zacks Research

Key Points

• Zacks Research downgraded Carriage Services to “strong sell” from “hold,” while the broader analyst consensus remains “hold” with an average price target of $52.
• Carriage Services shares opened at $33.88, near their one-year low of $33.33 and below both their 50-day and 200-day moving averages.
• The company’s latest quarterly results missed expectations, reporting $0.78 in EPS versus $0.82 expected and revenue of $102.95 million versus $108.91 million expected.

Carriage Services (NYSE:CSV - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Tuesday,Zacks.com reports.

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

Carriage Services Trading Up 0.7%

Carriage Services stock opened at $33.88 on Tuesday. The stock has a 50-day moving average of $38.38 and a two-hundred day moving average of $42.46. The stock has a market cap of $537.68 million, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.84. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46. Carriage Services has a one year low of $33.33 and a one year high of $52.10.

Carriage Services (NYSE:CSV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, research analysts anticipate that Carriage Services will post 3.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Carriage Services

A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of Carriage Services by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company's stock worth $404,000 after acquiring an additional 258 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Carriage Services by 50.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 784 shares of the company's stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company's stock worth $313,000 after purchasing an additional 312 shares during the period. Janney Montgomery Scott LLC grew its position in Carriage Services by 3.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,939 shares of the company's stock worth $454,000 after purchasing an additional 321 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Carriage Services by 3.0% during the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company's stock worth $514,000 after purchasing an additional 330 shares during the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

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.

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