Carriage Services (NYSE:CSV) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Carriage Services, Inc. (NYSE:CSV - Get Free Report) shares passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $34.89 and traded as low as $30.88. Carriage Services shares last traded at $31.3060, with a volume of 200,976 shares traded.

Analyst Upgrades and Downgrades

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

Carriage Services Trading Down 2.0%

The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46. The stock has a market capitalization of $496.83 million, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.63 and a beta of 0.78. The business has a fifty day simple moving average of $34.89 and a 200 day simple moving average of $39.98.

Carriage Services (NYSE:CSV - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates 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. As a group, research analysts expect that Carriage Services, Inc. will post 3.38 EPS for the current year.

Carriage Services Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its stake in shares of Carriage Services by 50.8% in the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company's stock valued at $36,000 after buying an additional 264 shares during the period. Optiver Holding B.V. increased its stake in Carriage Services by 2,195.1% during the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company's stock worth $43,000 after acquiring an additional 900 shares during the period. Legal & General Group Plc bought a new position in Carriage Services during the 2nd quarter worth $54,000. State of Wyoming acquired a new position in Carriage Services in the 2nd quarter valued at $67,000. Finally, Clearstead Advisors LLC raised its holdings in Carriage Services by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 1,964 shares of the company's stock valued at $83,000 after acquiring an additional 1,295 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

Carriage Services Company Profile

Carriage Services, Inc is a Houston-based provider of funeral and cemetery services in the United States. The company operates funeral homes and cemeteries that serve families through the funeral, cremation and burial processes.

Its services include funeral and memorial ceremonies, cremation services, cemetery interment, burial and cremation merchandise, and related planning arrangements. Carriage Services also offers pre-need funeral and cemetery planning, allowing customers to arrange and fund services in advance.

Founded in 1991, the company has built its business through a combination of acquiring established funeral homes and cemeteries and supporting their local operations.

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