Recent News
May 27, 2026 — Carriage Services completed the acquisition of substantially all assets of McCammon Ammons Click Funeral Home, expanding into the Greater Knoxville, Tennessee market.
July 16, 2026 — The Board declared a quarterly cash dividend of $0.1125 per share payable September 1, 2026, to holders of record on August 3, 2026.
Technical Analysis
Directional indicators show an emerging trend: ADX at 21.79 denotes trend development rather than strength, while DI+ at 27.20 shows a peak-and-reversal pattern, which signals bearish bias through a falling DI+; simultaneous DI- dip-and-reversal toward 19.11 reinforces that the negative directional component has turned higher, compounding near-term downward pressure.
MACD sits mildly positive at 0.15, but the MACD trend reads peak-and-reversal with the signal line at -0.01; that peak-and-reversal classification represents fading bullish momentum and supports a short-term bearish momentum interpretation despite the modest absolute MACD value.
MRO at 17.21 registers above zero with an increasing trajectory, indicating price sits above the model target and carries pressure toward price consolidation or decline as momentum normalizes.
RSI at 47.17 recently showed a peak-and-reversal; the level remains near neutral but the reversal pattern signals momentum loss rather than oversold recovery, aligning with other bearish momentum signals.
Price sits below the 200-day average ($42.62) and below short-term EMAs (12-day EMA $39.45; 26-day EMA $39.22), with the 12-day EMA showing a peak-and-reversal pattern — a setup that places the longer-term average near-term as resistance while short-term averages roll over.
Ichimoku components keep price under Senkou A ($40.01) and Senkou B ($44.42), reinforcing resistance around the $40–$44 band. Bollinger upper and lower bands near $41.10 and $37.19 imply current price volatility compresses inside the recent range, while current volume (434,726) runs well above short- and medium-term averages, indicating active participation during recent moves.
Fundamental Analysis
Operating performance retains strength: EBIT equals $25,283,000 with an EBIT margin of 23.825%, which sits above the industry peer mean of 22.387% and above the industry peer median of 22.364%, supporting higher operating efficiency relative to typical peers. QoQ change in EBIT margin rose +2.45%, while YoY EBIT margin contracted -23.97%, reflecting margin compression versus the prior-year period.
Revenue totaled $106,120,000 with YoY revenue growth at -93.691% and QoQ revenue decline at -77.315% — those wide negative growth figures reflect either significant seasonality or comparatives; operating margin (24.081%) tracks near the industry peer mean of 22.09% and shows QoQ improvement (+5.088%) but sharp YoY erosion (-23.155%).
Earnings per share arrived at $0.78 versus an estimate of $0.82, producing an EPS surprise of -4.88% (difference -$0.04). Forward EPS runs $0.9405 with forward PE ~46.22; trailing PE stands at 53.67. Earnings growth YoY shows a -73.254% change while the point-in-time earningsGrowth figure reads +14.667% — these contrasting entries indicate recent period volatility in reported earnings versus prior reporting cycles and warrant attention to upcoming reports (next report date listed as 2026-11-04).
Liquidity and cash metrics remain functional but modest: cash and short-term investments $2,908,000, current ratio 1.15 (above the industry peer mean of 0.77833), quick ratio near 0.995, and operating cash flow $14,898,000 with free cash flow $11,002,000 and free cash flow yield ~1.50%, below the industry peer mean free cash flow yield of 8.162%.
Leverage stays elevated: total debt $546,047,000, net debt $523,935,000, debt-to-assets ~40.50%, debt-to-equity ~204.56%, and debt-to-EBITDA ~17.30; interest coverage measures 3.67 which sits slightly below the industry peer mean of 3.68421 and materially below the peer mean on other samples, indicating sensitivity to earnings volatility.
Dividend context: the company declared a quarterly cash dividend of $0.1125 per share (Board action July 16, 2026); the provided dividend payout ratio reads 13.134% with a dividend yield ~0.242% — payout metrics remain modest relative to total capital return considerations.
Valuation summary: market capitalization $732,635,709 and enterprise value $1,275,774,709 produce an enterprise multiple near 40.43 and an EVR of 12.022. Price targets show a mean of $40.07 versus a current close of $37.00. The current valuation as determined by WMDST: under-valued, supported by margin strength relative to the industry peer mean and a price below the peer-adjusted target mean.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-08-05 |
| NEXT REPORT DATE: | 2026-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 1.7 M |
| Operating Cash Flow | $ 14.9 M | |
| Capital Expenditures | $ -3.90 M | |
| Change In Working Capital | $ -9.73 M | |
| Dividends Paid | $ -1.77 M | |
| Cash Flow Delta | $ 1.2 M | |
| End Period Cash Flow | $ 2.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 106.1 M | |
| Forward Revenue | $ 29.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 67.5 M | |
| Depreciation | $ 6.0 M | |
| Depreciation and Amortization | $ 6.3 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 80.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 38.6 M | |
| EBITDA | $ 31.6 M | |
| EBIT | $ 25.3 M | |
| Operating Income | $ 25.6 M | |
| Interest Income | — | |
| Interest Expense | $ 6.9 M | |
| Net Interest Income | $ -6.88 M | |
| Income Before Tax | $ 18.4 M | |
| Tax Provision | $ 4.9 M | |
| Tax Rate | 28.1 % | |
| Net Income | $ 13.5 M | |
| Net Income From Continuing Operations | $ 13.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.82 | |
| EPS Actual | $ 0.78 | |
| EPS Difference | $ -0.04 | |
| EPS Surprise | -4.878 % | |
| Forward EPS | $ 0.94 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.3 B | |
| Intangible Assets | $ 471.9 M | |
| Net Tangible Assets | $ -204.91 M | |
| Total Current Assets | $ 57.1 M | |
| Cash and Short-Term Investments | $ 2.9 M | |
| Cash | $ 2.9 M | |
| Net Receivables | $ 38.4 M | |
| Inventory | $ 7.7 M | |
| Long-Term Investments | $ 325.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 12.6 M | |
| Short-Term Debt | $ 4.6 M | |
| Total Current Liabilities | $ 49.6 M | |
| Net Debt | $ 523.9 M | |
| Total Debt | $ 546.0 M | |
| Total Liabilities | $ 1.1 B | |
| EQUITY | ||
| Total Equity | $ 266.9 M | |
| Retained Earnings | $ 308.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 16.82 | |
| Shares Outstanding | 15.872 M | |
| Revenue Per-Share | $ 6.69 | |
| VALUATION | Market Capitalization | $ 732.6 M |
| Enterprise Value | $ 1.3 B | |
| Enterprise Multiple | 40.426 | |
| Enterprise Multiple QoQ | 2.303 % | |
| Enterprise Multiple YoY | 37.807 % | |
| Enterprise Multiple IPRWA | high: 69.629 median: 49.442 mean: 46.06 CSV: 40.426 low: 4.967 |
|
| EV/R | 12.022 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 5.051 | |
| Asset To Liability | 1.247 | |
| Debt To Capital | 0.672 | |
| Debt To Assets | 0.405 | |
| Debt To Assets QoQ | -1.347 % | |
| Debt To Assets YoY | -5.559 % | |
| Debt To Assets IPRWA | high: 0.597 median: 0.494 mean: 0.42 CSV: 0.405 low: 0.278 |
|
| Debt To Equity | 2.046 | |
| Debt To Equity QoQ | -5.672 % | |
| Debt To Equity YoY | -16.559 % | |
| Debt To Equity IPRWA | high: 5.126 median: 3.259 CSV: 2.046 mean: -11.662 low: -83.118 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.745 | |
| Price To Book QoQ | 2.285 % | |
| Price To Book YoY | 0.308 % | |
| Price To Book IPRWA | high: 18.15 median: 7.144 CSV: 2.745 mean: -22.371 low: -170.989 |
|
| Price To Earnings (P/E) | 53.672 | |
| Price To Earnings QoQ | -7.254 % | |
| Price To Earnings YoY | 32.482 % | |
| Price To Earnings IPRWA | high: 101.493 median: 84.474 mean: 73.38 CSV: 53.672 low: 5.461 |
|
| PE/G Ratio | 3.659 | |
| Price To Sales (P/S) | 6.904 | |
| Price To Sales QoQ | 6.523 % | |
| Price To Sales YoY | 21.112 % | |
| Price To Sales IPRWA | high: 10.324 median: 9.276 mean: 7.898 CSV: 6.904 low: 1.738 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 46.218 | |
| Forward PE/G | 3.151 | |
| Forward P/S | 24.959 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 5.075 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.079 | |
| Asset Turnover Ratio QoQ | 0.408 % | |
| Asset Turnover Ratio YoY | -6.013 % | |
| Asset Turnover Ratio IPRWA | high: 0.759 mean: 0.229 median: 0.185 CSV: 0.079 low: 0.059 |
|
| Receivables Turnover | 2.755 | |
| Receivables Turnover Ratio QoQ | -1.568 % | |
| Receivables Turnover Ratio YoY | -19.417 % | |
| Receivables Turnover Ratio IPRWA | high: 45.2 mean: 16.347 median: 10.928 low: 2.795 CSV: 2.755 |
|
| Inventory Turnover | 8.706 | |
| Inventory Turnover Ratio QoQ | -3.113 % | |
| Inventory Turnover Ratio YoY | -0.794 % | |
| Inventory Turnover Ratio IPRWA | high: 67.064 median: 39.913 mean: 35.523 CSV: 8.706 low: 0.424 |
|
| Days Sales Outstanding (DSO) | 33.123 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 22.446 | |
| Cash Conversion Cycle Days QoQ | 23.019 % | |
| Cash Conversion Cycle Days YoY | 32.871 % | |
| Cash Conversion Cycle Days IPRWA | high: 32.652 CSV: 22.446 mean: -30.383 median: -42.346 low: -60.319 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 14.168 | |
| CapEx To Revenue | -0.037 | |
| CapEx To Depreciation | -0.654 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 789.2 M | |
| Net Invested Capital | $ 793.8 M | |
| Invested Capital | $ 793.8 M | |
| Net Tangible Assets | $ -204.91 M | |
| Net Working Capital | $ 7.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.059 | |
| Current Ratio | 1.151 | |
| Current Ratio QoQ | 17.428 % | |
| Current Ratio YoY | 21.107 % | |
| Current Ratio IPRWA | high: 1.466 CSV: 1.151 mean: 0.778 median: 0.566 low: 0.463 |
|
| Quick Ratio | 0.995 | |
| Quick Ratio QoQ | 17.836 % | |
| Quick Ratio YoY | 24.272 % | |
| Quick Ratio IPRWA | high: 4.296 CSV: 0.995 mean: 0.988 median: 0.931 low: 0.132 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 17.303 | |
| Cost Of Debt | 0.919 % | |
| Interest Coverage Ratio | 3.673 | |
| Interest Coverage Ratio QoQ | 6.109 % | |
| Interest Coverage Ratio YoY | -20.113 % | |
| Interest Coverage Ratio IPRWA | high: 42.818 mean: 10.84 median: 3.831 low: 3.684 CSV: 3.673 |
|
| Operating Cash Flow Ratio | 0.275 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 20.954 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 7.614 | |
| Dividend Payout Ratio | 0.131 | |
| Dividend Rate | $ 0.11 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.179 % | |
| Revenue Growth | 0.605 % | |
| Revenue Growth QoQ | -77.315 % | |
| Revenue Growth YoY | -93.691 % | |
| Revenue Growth IPRWA | high: 1105.897 % mean: 190.983 % CSV: 0.605 % median: -1.356 % low: -2.927 % |
|
| Earnings Growth | 14.667 % | |
| Earnings Growth QoQ | 0.0 % | |
| Earnings Growth YoY | -73.254 % | |
| Earnings Growth IPRWA | high: 217.391 % CSV: 14.667 % median: -14.912 % mean: -48.331 % low: -427.174 % |
|
| MARGINS | ||
| Gross Margin | 36.412 % | |
| Gross Margin QoQ | 4.78 % | |
| Gross Margin YoY | 3.022 % | |
| Gross Margin IPRWA | high: 56.968 % CSV: 36.412 % mean: 35.888 % median: 26.125 % low: 22.955 % |
|
| EBIT Margin | 23.825 % | |
| EBIT Margin QoQ | 2.451 % | |
| EBIT Margin YoY | -23.972 % | |
| EBIT Margin IPRWA | high: 43.399 % CSV: 23.825 % mean: 22.387 % median: 22.364 % low: 9.119 % |
|
| Return On Sales (ROS) | 24.081 % | |
| Return On Sales QoQ | 5.088 % | |
| Return On Sales YoY | -23.155 % | |
| Return On Sales IPRWA | high: 43.235 % CSV: 24.081 % median: 22.12 % mean: 22.09 % low: 9.119 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 11.0 M | |
| Free Cash Flow Yield | 1.502 % | |
| Free Cash Flow Yield QoQ | 178.664 % | |
| Free Cash Flow Yield YoY | -13.777 % | |
| Free Cash Flow Yield IPRWA | high: 36.932 % mean: 8.162 % median: 1.994 % low: 1.991 % CSV: 1.502 % |
|
| Free Cash Growth | 198.562 % | |
| Free Cash Growth QoQ | -281.223 % | |
| Free Cash Growth YoY | 69.316 % | |
| Free Cash Growth IPRWA | CSV: 198.562 % high: 70.834 % median: 18.947 % mean: -26.032 % low: -336.967 % |
|
| Free Cash To Net Income | 0.815 | |
| Cash Flow Margin | 12.846 % | |
| Cash Flow To Earnings | 1.01 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.002 % | |
| Return On Assets QoQ | 9.748 % | |
| Return On Assets YoY | -38.828 % | |
| Return On Assets IPRWA | high: 26.825 % mean: 5.479 % CSV: 1.002 % median: 0.888 % low: 0.73 % |
|
| Return On Capital Employed (ROCE) | 1.947 % | |
| Return On Equity (ROE) | 0.051 | |
| Return On Equity QoQ | 4.92 % | |
| Return On Equity YoY | -46.125 % | |
| Return On Equity IPRWA | high: 0.177 median: 0.086 CSV: 0.051 mean: -5.944 low: -34.79 |
|
| DuPont ROE | 5.172 % | |
| Return On Invested Capital (ROIC) | 2.336 % | |
| Return On Invested Capital QoQ | 6.085 % | |
| Return On Invested Capital YoY | -35.039 % | |
| Return On Invested Capital IPRWA | high: 59.26 % mean: 12.581 % median: 2.725 % CSV: 2.336 % low: 1.878 % |
|