Carriage Services - CSV Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carriage Services in the last twelve months. There are currently 3 buy ratings 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.

3 equities research analysts have issued twelve-month price objectives for Carriage Services' shares. Their CSV share price forecasts range from $40.00 to $77.00. On average, they expect the company's share price to reach $59.67 in the next twelve months. This suggests a possible upside of 138.6% 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 $64.44 at the beginning of the year. Since then, CSV shares have decreased by 61.2% and is now trading at $25.01.
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Carriage Services saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 295,300 shares, a decrease of 20.6% from the October 31st total of 371,800 shares. Based on an average daily volume of 119,600 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.3% of the company's stock are short sold.
View Carriage Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our CSV earnings forecast.

Carriage Services, Inc. (NYSE:CSV) issued its earnings results on Wednesday, October, 26th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.07. The business earned $87.50 million during the quarter, compared to analysts' expectations of $88.98 million. Carriage Services had a net margin of 12.50% and a trailing twelve-month return on equity of 35.79%.

Carriage Services announced a quarterly dividend on Wednesday, October 19th. Investors of record on Monday, November 7th will be paid a dividend of $0.112 per share on Thursday, December 1st. This represents a $0.45 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, November 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 1.80%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.85%. 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.

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."

Carriage Services' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.88%), Dimensional Fund Advisors LP (6.66%), Global Alpha Capital Management Ltd. (6.31%), Vanguard Group Inc. (6.11%), Renaissance Technologies LLC (4.85%) and State Street Corp (2.10%). Insiders that own company stock include Adeola Olaniyan, Carl Benjamin Brink, Carlos R Quezada, Carlos R Quezada, Christopher Manceaux, Donald Douglas Patteson Jr, James Raymond Schenck, Kathryn Housh Shirley, Melvin C Payne, Michael Loeffel, Paul Donald Elliott, Peggy Schappaugh, Shawn R Phillips, Steven D Metzger, Viki K Blinderman and William Goetz.
View institutional ownership trends.

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 $25.01.

Carriage Services (NYSE:CSV) has a market capitalization of $368.15 million and generates $375.89 million in revenue each year. The company earns $33.16 million in net income (profit) each year or $2.84 on an earnings per share basis.

The company employs 2,657 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.