Wall Street analysts forecast that Service Co. International (NYSE:SCI) will report earnings of $0.43 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Service Co. International’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.42. Service Co. International posted earnings of $0.38 per share in the same quarter last year, which would suggest a positive year over year growth rate of 13.2%. The firm 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 $1.82 per share for the current year, with EPS estimates ranging from $1.81 to $1.83. For the next financial year, analysts expect that the firm will post earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.00. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Service Co. International.
Service Co. International (NYSE:SCI) last issued its earnings results on Tuesday, February 13th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $823.66 million. During the same period in the prior year, the business earned $0.47 EPS.
SCI has been the topic of several recent research reports. Off Wall Street initiated coverage on shares of Service Co. International in a report on Friday, December 15th. They set a “sell” rating on the stock. 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 report on Monday, February 5th. 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 report on Thursday, February 15th. Oppenheimer reiterated a “buy” rating and set a $42.00 target price on shares of Service Co. International in a report on Thursday, January 18th. Finally, Zacks Investment Research cut shares of Service Co. International from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Service Co. International presently has a consensus rating of “Buy” and an average price target of $43.60.
Shares of Service Co. International stock opened at $37.70 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 2.22. Service Co. International has a 1 year low of $30.39 and a 1 year high of $40.28. The stock has a market cap of $6,923.03, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.70 and a beta of 0.94.
Service Co. International announced that its board has authorized a share repurchase plan on Tuesday, February 13th that permits the company to repurchase $298.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a $0.17 dividend. This is a boost from Service Co. International’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, March 14th. Service Co. International’s dividend payout ratio (DPR) is currently 43.87%.
In other news, Director Tony Coelho sold 3,110 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $39.11, for a total value of $121,632.10. Following the sale, the director now directly owns 63,240 shares in the company, valued at approximately $2,473,316.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.20% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Service Co. International by 2.4% in the 4th quarter. BlackRock Inc. now owns 16,476,818 shares of the company’s stock valued at $614,914,000 after buying an additional 387,530 shares in the last quarter. Sarasin & Partners LLP boosted its holdings in shares of Service Co. International by 4.3% in the 4th quarter. Sarasin & Partners LLP now owns 3,753,482 shares of the company’s stock valued at $140,080,000 after buying an additional 156,370 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Service Co. International by 5.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,125,475 shares of the company’s stock worth $79,323,000 after purchasing an additional 115,432 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Service Co. International by 5.2% in the 4th quarter. Handelsbanken Fonder AB now owns 2,121,000 shares of the company’s stock worth $79,156,000 after purchasing an additional 105,000 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Service Co. International by 59.6% in the 4th quarter. Acadian Asset Management LLC now owns 2,116,863 shares of the company’s stock worth $79,000,000 after purchasing an additional 790,166 shares in the last quarter. Institutional investors and hedge funds own 86.96% of the company’s stock.
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About Service Co. International
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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