Service Co. International (NYSE:SCI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Service Corporation International, headquartered in Houston, Texas, is North America’s leading provider of deathcare products and services. Through their businesses, they market the Dignity Memorial(R) brand which offers assurance of quality, value, caring service, and exceptional customer satisfaction. “
Separately, ValuEngine lowered Service Co. International from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.20.
Service Co. International opened at $36.26 on Friday, according to Marketbeat Ratings. Service Co. International has a 1-year low of $32.07 and a 1-year high of $40.28. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.59 and a quick ratio of 0.55. The stock has a market capitalization of $6.70 billion, a PE ratio of 23.39, a P/E/G ratio of 1.66 and a beta of 0.93.
Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, April 25th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Service Co. International had a return on equity of 23.42% and a net margin of 14.59%. The company had revenue of $794.50 million during the quarter, compared to analyst estimates of $806.09 million. During the same quarter in the previous year, the company posted $0.38 EPS. Service Co. International’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts forecast that Service Co. International will post 1.82 earnings per share for the current year.
In other Service Co. International news, Director W Blair Waltrip sold 1,400 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $35.50, for a total transaction of $49,700.00. Following the completion of the transaction, the director now owns 666,244 shares of the company’s stock, valued at approximately $23,651,662. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven A. Tidwell sold 17,384 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $36.63, for a total value of $636,775.92. Following the transaction, the vice president now directly owns 50,847 shares of the company’s stock, valued at approximately $1,862,525.61. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCI. Suntrust Banks Inc. grew its holdings in shares of Service Co. International by 10.1% during the 1st quarter. Suntrust Banks Inc. now owns 79,281 shares of the company’s stock worth $2,991,000 after acquiring an additional 7,257 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Service Co. International by 30.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,291,491 shares of the company’s stock worth $48,742,000 after acquiring an additional 301,932 shares during the period. Amalgamated Bank grew its holdings in shares of Service Co. International by 4.9% during the 1st quarter. Amalgamated Bank now owns 40,127 shares of the company’s stock worth $1,514,000 after acquiring an additional 1,860 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Service Co. International by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 813,201 shares of the company’s stock worth $30,690,000 after acquiring an additional 10,599 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Service Co. International by 15.6% during the 1st quarter. Handelsbanken Fonder AB now owns 2,451,000 shares of the company’s stock worth $92,501,000 after acquiring an additional 330,000 shares during the period. 86.26% of the stock is owned by institutional investors and hedge funds.
About Service Co. International
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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