CARRIAGE SVCS DL-,01

Carriage Services reported adjusted Q2 EPS of $0.78 (expectation $0.81) and revenue of $102.9 million (expectation $108.64 million). Comparable funeral volume declined 3.5%, adjusted EBITDA rose to $33.3 million and the margin increased to 32.3%. Management lowered the full-year revenue guidance to $435–445 million due to timing shifts in acquisitions, but kept the EBITDA target range and issued an EPS target of $3.35–3.55. The stock fell about 10.8% in after-hours trading to $36.95, approaching its 52-week low. » More on de.investing.com

The board of directors of Carriage Services declared a quarterly dividend of 11.25 cents per share, payable on September 1, 2026 to shareholders of record on August 3, 2026. The stock is trading at $38.89, near its 52-week low of $37.11, and the current dividend yield is 1.18%. According to InvestingPro, the company has paid uninterrupted dividends for 16 years and is considered undervalued at the current price level. Carriage Services operates 155 funeral homes in 24 states and 28 cemeteries in 9 states. » More on de.investing.com

Carriage Services announced the acquisition of the substantial assets of the long-established McCammon Ammons Click Funeral Home in Maryville, Tennessee. Financial terms were not disclosed. The acquisition expands Carriage Services' market presence in the greater Knoxville area; the company currently operates 155 funeral homes in 24 states and 28 cemeteries in 9 states and has paid dividends for 16 consecutive years. » More on de.investing.com