Carriage Services (NYSE:CSV) Trading Down 10.8% After Earnings Miss

Key Points

• Carriage Services shares fell 10.8% to about $36.92 after the company missed second-quarter earnings and revenue expectations. EPS was $0.78 versus the $0.82 consensus, while revenue totaled $102.95 million compared with estimates of $108.91 million.
• Management reaffirmed its 2026 EPS guidance of $3.35–$3.55, with the midpoint of $3.45 broadly matching analyst expectations; full-year revenue guidance is $435 million–$445 million.
• The company declared a quarterly dividend of $0.1125 per share, or $0.45 annualized, representing a 1.2% yield and a 16.3% payout ratio. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $61.67.

Carriage Services, Inc. (NYSE:CSV - Get Free Report) was down 10.8% during trading on Thursday following a dissappointing earnings announcement. The company traded as low as $36.59 and last traded at $36.9170. Approximately 10,374 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 107,183 shares. The stock had previously closed at $41.40.

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 19.78% and a net margin of 10.58%.The business had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS.

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a $0.1125 dividend. The ex-dividend date is Monday, August 3rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.2%. Carriage Services's dividend payout ratio (DPR) is 16.30%.

Carriage Services News Roundup

Here are the key news stories impacting Carriage Services this week:

• Positive Sentiment: Carriage Services reported second-quarter adjusted earnings of $0.78 per share, up from $0.74 a year earlier, while confirming its full-year 2026 EPS guidance midpoint of $3.45. The company expects full-year EPS of $3.35 to $3.55, broadly in line with the $3.45 analyst consensus. Carriage Services Announces Second Quarter 2026 Results
• Neutral Sentiment: Full-year revenue guidance is $435 million to $445 million, compared with the $442.6 million consensus estimate. Management is scheduled to discuss the results during a conference call on August 6, which could provide additional detail on operating trends and the outlook. Carriage Services Q2 Earnings Snapshot
• Negative Sentiment: Second-quarter revenue was $102.95 million, below the $108.91 million analyst estimate, while EPS missed the $0.82 consensus by $0.04. The combined earnings and sales shortfalls suggest weaker-than-expected quarterly execution and are the main reasons CSV shares may decline. Carriage Services Misses Q2 Earnings and Revenue Estimates

Analysts Set New Price Targets

Several brokerages recently commented on CSV. Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of Carriage Services in a research note on Monday, April 27th. Weiss Ratings lowered Carriage Services from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Carriage Services has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 acquiring an additional 312 shares during the last quarter. Jones Financial Companies Lllp increased its position in Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock valued at $36,000 after acquiring an additional 868 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Carriage Services in the first quarter worth about $689,000. Creative Planning bought a new position in shares of Carriage Services in the second quarter worth about $200,000. Finally, Rhumbline Advisers lifted its position in shares of Carriage Services by 8.2% during the second quarter. Rhumbline Advisers now owns 21,856 shares of the company's stock worth $1,000,000 after purchasing an additional 1,654 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

Carriage Services Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.99. The stock's 50-day moving average price is $38.90 and its 200-day moving average price is $42.75. The company has a market capitalization of $585.70 million, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.78 and a beta of 0.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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