Carriage Services (NYSE:CSV) Reaches New 12-Month High - What's Next?

Key Points

• Shares of Carriage Services hit a new 52-week high intraday at $52.10 (last traded around $50.35) on Wednesday, with about 64,330 shares changing hands.
• Analysts maintain a consensus rating of "Moderate Buy" with a consensus target of $59.00 (Barrington Research at $60.00); five analysts rate the stock Buy and one rates it Hold, while Weiss Ratings slightly lowered its buy rating.
• Company fundamentals include a market cap of $793M and a P/E of 15.44; Carriage Services reported Q4 EPS of $0.75 (missing estimates) but set FY2026 guidance of $3.35–$3.55 EPS and declared a quarterly dividend of $0.1125 (annualized $0.45, ~0.9% yield).

Shares of Carriage Services, Inc. (NYSE:CSV - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.10 and last traded at $50.3460, with a volume of 64330 shares traded. The stock had previously closed at $51.65.

Analysts Set New Price Targets

A number of brokerages have issued reports on CSV. Weiss Ratings lowered Carriage Services from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, April 21st. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of Carriage Services in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Carriage Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.00.

Carriage Services Stock Down 2.5%

The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.84 and a current ratio of 0.98. The stock has a 50 day moving average price of $45.55 and a 200 day moving average price of $43.97. The company has a market cap of $793.00 million, a P/E ratio of 15.44, a P/E/G ratio of 1.00 and a beta of 0.92.

Carriage Services (NYSE:CSV - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.05). Carriage Services had a return on equity of 21.22% and a net margin of 12.34%.The firm had revenue of $105.48 million during the quarter, compared to the consensus estimate of $103.50 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Research analysts expect that Carriage Services, Inc. will post 3.43 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 4th will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, May 4th. Carriage Services's payout ratio is currently 13.80%.

Institutional Trading of Carriage Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised 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 purchasing an additional 258 shares during the period. Hohimer Wealth Management LLC raised its position in shares of Carriage Services by 6.4% during the third quarter. Hohimer Wealth Management LLC now owns 4,779 shares of the company's stock worth $213,000 after purchasing an additional 289 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Carriage Services by 4.0% during the first 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 raised its position in shares of Carriage Services by 3.3% during the first 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 period. Finally, Prudential Financial Inc. raised its position in shares of Carriage Services by 3.0% during the second 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 period. 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.

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