Carriage Services
CSV

$31.59

2.17%

Market Cap: 479M

About: Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum crypts, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.

Employees: 2,602

Consumer Discretionary Personal Services

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 6 analysts

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

2,393% more call options, than puts

Call options by funds: $2.82M | Put options by funds: $113K

140% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 10

100% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 2 (+1) [Q1 2024]

12% more funds holding

Funds holding: 114 [Q4 2023] → 128 (+14) [Q1 2024]

7% more capital invested

Capital invested by funds: $252M [Q4 2023] → $269M (+$16.9M) [Q1 2024]

1.57% less ownership

Funds ownership: 67.2% [Q4 2023] → 65.63% (-1.57%) [Q1 2024]

18% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 44

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Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$32

1%

upside

Avg. target

$36

14%

upside

High target

$38

20%

upside

6 analyst ratings

6 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM George Kelly	1%upside $32	Buy Reiterated	5 Jun 2024
Barrington Research Alexander Paris	20%upside $38	Outperform Maintained	28 May 2024
Roth MKM George Kelly	1%upside $32	Buy Reiterated	3 May 2024
Barrington Research Alexander Paris	20%upside $38	Outperform Maintained	2 May 2024
Barrington Research Alexander Paris	20%upside $38	Outperform Maintained	19 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about CSV published over the past 30 days

Carriage Services Declares Quarterly Cash Dividend

HOUSTON, July 17, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced that its Board of Directors on July 17, 2024 declared a quarterly dividend of 11.25¢ per share payable on September 3, 2024 to common share record holders as of August 5, 2024.

Carriage Services Declares Quarterly Cash Dividend

Carriage Services Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

HOUSTON, July 16, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2024 second quarter results on Wednesday, July 31, 2024 after the market closes. In conjunction with the release, Carriage Services has scheduled a conference call, which will be broadcast live over the Internet on Thursday, August 1, 2024 at 9:30 a.m. central time.

Carriage Services Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

Carriage Services Targets Continued M&A And Ambitious Organic Momentum

Carriage Services, Inc. has continued reporting stable earnings, showing great growth in pre-need cemetery sales. The company's strategy targets notable growth from continued M&A and ambitious organic growth, but the organic target should be taken with reasonable skepticism. Carriage Services, Inc.'s M&A has been quiet with no new acquisitions in the past year, the strategic alternative review ending with no results. A non-core divestiture is the most notable recent transaction.

Carriage Services Targets Continued M&A And Ambitious Organic Momentum

Carriage Services: Funeral Home Consolidator Goes Unnoticed In Rapidly Changing Market

Carriage is undervalued due to at-a-glance impressions of high leverage and a one-time decline in revenue. At a closer look, the Company's debt has favorable terms and is being paid down in large amounts with excess cash flow. Industry experts support CSV's potential and valuation, with a private valuation indicating the stock price should be almost double the current price.

Carriage Services: Funeral Home Consolidator Goes Unnoticed In Rapidly Changing Market

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Zacks Investment Research

Carriage Services (CSV) Q1 Earnings and Revenues Beat Estimates

Carriage Services (CSV) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.56 per share a year ago.

Carriage Services (CSV) Q1 Earnings and Revenues Beat Estimates

Carriage Services Announces First Quarter 2024 Results

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the first quarter ended March 31, 2024. Company Highlights: Total revenue of $103.5 million led to growth of 8.4% over the prior-year quarter, primarily driven by a 38.4% increase in cemetery preneed sales; GAAP diluted EPS of $0.45 and Adjusted diluted EPS of $0.75, compared to $0.57 and $0.56 in the prior-year quarter, respectively; Completed the divestiture of previously announced non-core assets; The Company paid down $25.0 million of debt on its credit facility during the first quarter; and Reaffirm full-year 2024 outlook.

Carriage Services Announces First Quarter 2024 Results

Carriage Services Declares Quarterly Cash Dividend

HOUSTON, April 18, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced that its Board of Directors on April 18, 2024 declared a quarterly dividend of 11.25¢ per share payable on June 3, 2024 to common share record holders as of May 6, 2024.

Carriage Services Declares Quarterly Cash Dividend

Carriage Services Announces 2024 First Quarter Earnings Release and Conference Call Schedule

HOUSTON, April 17, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2024 first quarter results on Wednesday, May 1, 2024 after the market closes. In conjunction with the release, Carriage Services has scheduled a conference call, which will be broadcast live over the Internet on Thursday, May 2, 2024 at 9:30 a.m. central time.

Carriage Services Announces 2024 First Quarter Earnings Release and Conference Call Schedule

Carriage Services, Inc. (CSV) Q4 2023 Earnings Call Transcript

Carriage Services, Inc. (CSV) Q4 2023 Earnings Call Transcript

Carriage Services, Inc. (CSV) Q4 2023 Earnings Call Transcript

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