Carriage Services (NYSE:CSV) Sets New 1-Year Low - What's Next?

Key Points

• Carriage Services shares fell to a new 52-week low of $33.10, below both their 50-day moving average of $37.35 and 200-day average of $41.67.
• Analyst sentiment is mixed: the consensus rating is “Hold” with a $51.00 price target, while recent calls range from “Strong Sell” to “Outperform.”
• The company missed quarterly expectations, reporting $0.78 in EPS versus $0.82 expected and revenue of $102.95 million versus $108.91 million forecast; it nevertheless maintains 2026 EPS guidance of $3.35–$3.55 and a 1.4% dividend yield.

Carriage Services, Inc. (NYSE:CSV - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $33.10 and last traded at $33.24, with a volume of 83164 shares traded. The stock had previously closed at $33.65.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Carriage Services from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Oppenheimer assumed coverage on shares of Carriage Services in a report on Thursday, August 13th. They issued an "outperform" rating and a $48.00 price target on the stock. Raymond James Financial set a $50.00 price objective on Carriage Services in a research report on Friday, August 7th. Weiss Ratings cut Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 19th. Finally, Roth Capital set a $46.00 price target on Carriage Services in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Carriage Services currently has an average rating of "Hold" and a consensus price target of $51.00.

Carriage Services Trading Down 1.5%

The business's 50-day moving average price is $37.35 and its two-hundred day moving average price is $41.67. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29. The firm has a market cap of $525.77 million, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84.

Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.04). The firm had revenue of $102.95 million for the quarter, compared to analyst estimates of $108.91 million. Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Equities analysts expect that Carriage Services, Inc. will post 3.38 earnings per share for the current year.

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a $0.1125 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.4%. Carriage Services's payout ratio is currently 16.13%.

Institutional Trading of Carriage Services

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Carriage Services during the 2nd quarter valued at about $42,164,000. Vanguard Group Inc. grew its stake in shares of Carriage Services by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company's stock valued at $45,483,000 after buying an additional 38,738 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Carriage Services by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company's stock worth $27,867,000 after buying an additional 3,520 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Carriage Services by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company's stock worth $21,414,000 after buying an additional 3,550 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Carriage Services by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 386,018 shares of the company's stock valued at $16,333,000 after acquiring an additional 5,870 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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