Carriage Services (CSV) Stock Forecast, Price & News

1 Wall Street research 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 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 twelve-month price objectives for Carriage Services' stock. Their CSV share price forecasts range from $45.00 to $62.00. On average, they anticipate the company's share price to reach $53.50 in the next twelve months. This suggests a possible upside of 99.9% 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 beginning of 2023. Since then, CSV shares have decreased by 2.8% and is now trading at $26.77.
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Carriage Services saw a decline in short interest in April. As of April 30th, there was short interest totaling 350,900 shares, a decline of 8.8% from the April 15th total of 384,700 shares. Based on an average trading volume of 96,900 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.7% of the company's shares are short sold.
View Carriage Services' Short Interest.

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

Carriage Services, Inc. (NYSE:CSV) posted its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.10. The company earned $95.51 million during the quarter, compared to the consensus estimate of $89.75 million. Carriage Services had a trailing twelve-month return on equity of 25.87% and a net margin of 9.20%.

Carriage Services declared a quarterly dividend on Thursday, April 20th. Shareholders of record on Monday, May 8th will be given a dividend of $0.1125 per share on Thursday, June 1st. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, May 5th. This is a boost from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for CSV.

First Trust Dow Jones Select Microcap Index Fund holds 34,870 shares of CSV stock, representing 0.70% of its portfolio.

Carriage Services (NYSE:CSV) pays an annual dividend of $0.45 per share and currently has a dividend yield of 1.72%. The dividend payout ratio is 20.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSV will have a dividend payout ratio of 17.05% 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, May, 3rd. The company provided earnings per share (EPS) guidance of $2.25-$2.40 for the period, compared to the consensus estimate of $2.35. The company issued revenue guidance of $375.00 million-$385.00 million, compared to the consensus revenue estimate of $382.48 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 Ameriprise Financial Inc. (8.65%), BlackRock Inc. (6.40%), Dimensional Fund Advisors LP (5.44%), Renaissance Technologies LLC (4.87%), LSV Asset Management (3.22%) and Fenimore Asset Management Inc. (2.10%). Insiders that own company stock include Adeola Olaniyan, Carl Benjamin Brink, Carlos R Quezada, Carlos R Quezada, Christopher Manceaux, 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 $26.77.

Carriage Services (NYSE:CSV) has a market capitalization of $399.68 million and generates $370.17 million in revenue each year. The company earns $41.38 million in net income (profit) each year or $2.17 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.