Carriage Services’ (CSV) “Outperform” Rating Reiterated at Barrington Research

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating reiterated by Barrington Research in a research note issued to investors on Friday,Benzinga reports. They currently have a $50.00 price target on the stock. Barrington Research’s target price suggests a potential upside of 24.50% from the company’s previous close. Barrington Research also issued estimates for Carriage Services’ Q1 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.73 EPS and FY2026 earnings at $3.45 EPS.

Carriage Services Stock Performance

Shares of CSV stock opened at $40.16 on Friday. The stock has a market cap of $611.36 million, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The business has a 50-day simple moving average of $40.33 and a 200-day simple moving average of $36.93. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. Carriage Services has a 52-week low of $23.20 and a 52-week high of $42.75.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. The business had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $96.72 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. During the same quarter in the previous year, the firm posted $0.77 EPS. On average, equities analysts expect that Carriage Services will post 2.5 EPS for the current year.

Hedge Funds Weigh In On Carriage Services

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of Carriage Services by 46.6% in the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after purchasing an additional 271 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Carriage Services in the 4th quarter valued at about $45,000. R Squared Ltd purchased a new position in shares of Carriage Services in the 4th quarter valued at about $65,000. Point72 Asset Management L.P. increased its stake in shares of Carriage Services by 1,074.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock valued at $154,000 after purchasing an additional 4,297 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of Carriage Services by 217.3% in the 4th quarter. Quantbot Technologies LP now owns 4,982 shares of the company’s stock valued at $199,000 after purchasing an additional 3,412 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.