Analysts predict that Service Co. International (NYSE:SCI) will report earnings of $0.41 per share for the current quarter, according to Zacks. Three analysts have made estimates for Service Co. International’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.44. Service Co. International reported earnings per share of $0.38 in the same quarter last year, which would suggest a positive year over year growth rate of 7.9%. The company is scheduled to issue its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Service Co. International will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.58 to $1.83. For the next fiscal year, analysts expect that the business will report earnings of $1.92 per share, with EPS estimates ranging from $1.70 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Service Co. International.
Service Co. International (NYSE:SCI) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Service Co. International had a net margin of 17.66% and a return on equity of 23.68%. The company had revenue of $812.73 million during the quarter, compared to the consensus estimate of $823.66 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share.
Several brokerages have recently weighed in on SCI. Deutsche Bank increased their target price on shares of Service Co. International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Credit Suisse Group increased their target price on shares of Service Co. International from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Off Wall Street began coverage on shares of Service Co. International in a research note on Friday, December 15th. They set a “sell” rating for the company. Zacks Investment Research upgraded shares of Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 target price for the company in a research note on Saturday, October 28th. Finally, Oppenheimer reiterated a “buy” rating and set a $42.00 target price on shares of Service Co. International in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.50.
In related news, Director Tony Coelho sold 3,110 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $39.11, for a total transaction of $121,632.10. Following the completion of the transaction, the director now directly owns 63,240 shares of the company’s stock, valued at $2,473,316.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 47,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the transaction, the vice president now directly owns 164,441 shares of the company’s stock, valued at $5,860,677.24. The disclosure for this sale can be found here. Insiders have sold 134,789 shares of company stock valued at $5,006,046 in the last quarter. Insiders own 6.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in Service Co. International by 0.4% in the second quarter. State Street Corp now owns 4,961,421 shares of the company’s stock valued at $165,957,000 after buying an additional 20,669 shares in the last quarter. BB&T Corp increased its holdings in Service Co. International by 7.6% in the third quarter. BB&T Corp now owns 33,856 shares of the company’s stock valued at $1,169,000 after buying an additional 2,389 shares in the last quarter. Aperio Group LLC increased its holdings in Service Co. International by 7.7% in the third quarter. Aperio Group LLC now owns 49,425 shares of the company’s stock valued at $1,705,000 after buying an additional 3,546 shares in the last quarter. Leavell Investment Management Inc. increased its holdings in Service Co. International by 9.3% in the third quarter. Leavell Investment Management Inc. now owns 19,924 shares of the company’s stock valued at $687,000 after buying an additional 1,700 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Service Co. International in the third quarter valued at about $4,806,000. 82.94% of the stock is owned by hedge funds and other institutional investors.
Service Co. International (SCI) traded down $0.40 during midday trading on Thursday, reaching $38.45. 843,477 shares of the company’s stock traded hands, compared to its average volume of 1,410,000. Service Co. International has a one year low of $30.02 and a one year high of $40.28. The firm has a market capitalization of $7,210.00, a P/E ratio of 13.54, a PEG ratio of 1.85 and a beta of 0.95. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 2.22.
Service Co. International announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 13th that allows the company to buyback $298.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.17 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.77%. Service Co. International’s dividend payout ratio is 21.13%.
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Service Co. International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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