Service Co. International (NYSE:SCI) – Equities research analysts at Oppenheimer lifted their Q1 2018 earnings estimates for shares of Service Co. International in a report released on Thursday. Oppenheimer analyst S. Schneeberger now anticipates that the company will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.37. Oppenheimer currently has a “Buy” rating and a $42.00 target price on the stock. Oppenheimer also issued estimates for Service Co. International’s Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $1.81 EPS and FY2019 earnings at $1.95 EPS.
Several other brokerages have also recently commented on SCI. Off Wall Street initiated coverage on shares of Service Co. International in a research report on Friday, December 15th. They set a “sell” rating on the stock. Bank of America increased their price target on shares of Service Co. International from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group increased their price target on shares of Service Co. International from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Deutsche Bank increased their price target on shares of Service Co. International from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research report on Saturday, October 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.60.
Service Co. International (SCI) opened at $37.77 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.55 and a current ratio of 0.58. Service Co. International has a 12-month low of $30.02 and a 12-month high of $40.28. The company has a market cap of $7,022.93, a PE ratio of 24.33, a PEG ratio of 1.81 and a beta of 0.95.
Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $812.73 million during the quarter, compared to analysts’ expectations of $823.66 million. Service Co. International had a net margin of 17.66% and a return on equity of 23.68%. During the same period in the prior year, the company posted $0.47 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new stake in Service Co. International during the fourth quarter worth about $190,000. Koch Industries Inc. acquired a new stake in Service Co. International during the fourth quarter worth about $243,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Service Co. International during the fourth quarter worth about $283,000. Quantitative Systematic Strategies LLC acquired a new stake in Service Co. International during the fourth quarter worth about $293,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Service Co. International during the fourth quarter worth about $329,000. Hedge funds and other institutional investors own 82.94% of the company’s stock.
In other news, insider R L. Waltrip sold 84,679 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.90, for a total transaction of $3,209,334.10. Following the transaction, the insider now owns 765,762 shares of the company’s stock, valued at $29,022,379.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 sale, the vice president now owns 164,441 shares in the company, valued at approximately $5,860,677.24. The disclosure for this sale can be found here. Insiders have sold 134,789 shares of company stock worth $5,006,046 in the last ninety days. Corporate insiders own 6.20% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.17 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.80%. Service Co. International’s dividend payout ratio (DPR) is presently 21.05%.
Service Co. International announced that its board has authorized a stock repurchase program on Tuesday, February 13th that allows the company to buyback $298.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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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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