Carriage Services - CSV Stock Forecast, Price & News

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

1 Wall Street research analysts have issued 1-year price targets for Carriage Services' stock. Their CSV share price forecasts range from $45.00 to $62.00. On average, they anticipate the company's stock price to reach $53.50 in the next year. This suggests a possible upside of 72.0% 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 at the start of the year. Since then, CSV shares have increased by 12.9% and is now trading at $31.10.
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Carriage Services saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 359,600 shares, an increase of 8.9% from the February 13th total of 330,200 shares. Based on an average trading volume of 103,200 shares, the short-interest ratio is currently 3.5 days. Currently, 2.8% of the company's stock are sold short.
View Carriage Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our CSV earnings forecast.

Carriage Services, Inc. (NYSE:CSV) posted its earnings results on Wednesday, February, 22nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. The firm earned $93.92 million during the quarter, compared to analyst estimates of $89.69 million. Carriage Services had a net margin of 11.18% and a trailing twelve-month return on equity of 32.26%.

Carriage Services announced a quarterly dividend on Thursday, January 19th. Stockholders of record on Monday, February 6th will be paid a dividend of $0.112 per share on Wednesday, March 1st. This represents a $0.45 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, February 3rd.
Read our dividend analysis for CSV.

First Trust Dow Jones Select Microcap Index Fund holds 31,368 shares of CSV stock, representing 0.71% of its portfolio.

Carriage Services (NYSE:CSV) pays an annual dividend of $0.45 per share and currently has a dividend yield of 1.46%. The dividend payout ratio is 17.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSV will have a dividend payout ratio of 16.13% 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, February, 22nd. The company provided earnings per share (EPS) guidance of $2.25-$2.40 for the period, compared to the consensus estimate of $2.60. The company issued revenue guidance of $375.00 million-$385.00 million, compared to the consensus revenue estimate of $375.06 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."

Carriage Services' stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.23%), Renaissance Technologies LLC (5.03%), Fenimore Asset Management Inc. (2.10%), Geode Capital Management LLC (1.81%), Price T Rowe Associates Inc. MD (1.73%) and Heartland Advisors Inc. (1.57%). Insiders that own company stock include Adeola Olaniyan, Carl Benjamin Brink, Carlos R Quezada, Carlos R Quezada, Christopher Manceaux, Donald Douglas Patteson Jr, Kathryn Housh Shirley, Melvin C Payne, Michael Loeffel, Paul Donald Elliott, Peggy Schappaugh, Shane Pudenz, Shawn R Phillips and Steven D Metzger.
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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 $31.10.

Carriage Services (NYSE:CSV) has a market capitalization of $463.08 million and generates $370.17 million in revenue each year. The company earns $41.38 million in net income (profit) each year or $2.60 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.