Carriage Services (CSV) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carriage Services in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CSV shares.
View CSV analyst ratings or view top-rated stocks.

1 analysts have issued 12-month price targets for Carriage Services' shares. Their CSV share price forecasts range from $45.00 to $45.00. On average, they expect the company's share price to reach $45.00 in the next year. This suggests a possible upside of 59.3% from the stock's current price.
View analysts price targets for CSV or view top-rated stocks among Wall Street analysts.

Carriage Services' stock was trading at $27.54 on January 1st, 2023. Since then, CSV shares have increased by 2.6% and is now trading at $28.25.
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Carriage Services saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 318,300 shares, an increase of 17.8% from the August 31st total of 270,200 shares. Based on an average trading volume of 84,900 shares, the days-to-cover ratio is currently 3.7 days. Currently, 2.4% of the shares of the stock are sold short.
View Carriage Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our CSV earnings forecast.

Carriage Services, Inc. (NYSE:CSV) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $97.68 million for the quarter, compared to the consensus estimate of $93.93 million. Carriage Services had a net margin of 8.33% and a trailing twelve-month return on equity of 23.72%.

Carriage Services declared a quarterly dividend on Wednesday, July 19th. Shareholders of record on Monday, August 7th will be given a dividend of $0.1125 per share on Friday, September 1st. This represents a $0.45 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for CSV.

Carriage Services (NYSE:CSV) pays an annual dividend of $0.45 per share and currently has a dividend yield of 1.59%. The dividend payout ratio is 22.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSV will have a dividend payout ratio of 17.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CSV.

Carriage Services updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $2.25-$2.40 for the period, compared to the consensus earnings per share estimate of $2.30. The company issued revenue guidance of $375.00 million-$385.00 million, compared to the consensus revenue estimate of $381.53 million.

24 employees have rated Carriage Services Chief Executive Officer Mel Payne on Glassdoor.com. Mel Payne has an approval rating of 59% among the company's employees. This puts Mel Payne in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carriage Services investors own include NVIDIA (NVDA), Mastercard (MA), Service Co. International (SCI), Verizon Communications (VZ), QUALCOMM (QCOM), AT&T (T), Boeing (BA), Bristol-Myers Squibb (BMY), Walt Disney (DIS) and Home Depot (HD).

Carriage Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "CSV."

Shares of CSV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CSV stock can currently be purchased for approximately $28.25.

Carriage Services (NYSE:CSV) has a market capitalization of $422.90 million and generates $370.17 million in revenue each year. The company earns $41.38 million in net income (profit) each year or $2.01 on an earnings per share basis.

The company employs 2,553 workers across the globe.

Carriage Services' mailing address is 3040 POST OAK BOULEVARD SUITE 300, HOUSTON TX, 77056. The official website for the company is www.carriageservices.com. The company can be reached via phone at (713) 332-8400, via email at investorrelations@carriageservices.com, or via fax at 713-332-8401.