Shares of Service Co. International (NYSE:SCI) have received a consensus rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $45.00.
Several research analysts recently issued reports on SCI shares. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, August 2nd. Finally, Credit Suisse Group increased their price target on shares of Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th.
In related news, Director Edward E. Williams sold 7,835 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $39.52, for a total transaction of $309,639.20. Following the sale, the director now directly owns 56,663 shares of the company’s stock, valued at approximately $2,239,321.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael R. Webb sold 214,000 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $38.79, for a total transaction of $8,301,060.00. Following the sale, the insider now directly owns 386,735 shares in the company, valued at $15,001,450.65. The disclosure for this sale can be found here. Insiders have sold a total of 845,985 shares of company stock worth $33,859,909 over the last three months. 6.60% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in SCI. Fort L.P. purchased a new stake in Service Co. International during the 2nd quarter valued at about $120,000. TRUE Private Wealth Advisors purchased a new stake in Service Co. International during the 3rd quarter valued at about $125,000. Hirtle Callaghan & Co LLC purchased a new stake in Service Co. International during the 2nd quarter valued at about $161,000. Cerebellum GP LLC purchased a new stake in Service Co. International during the 2nd quarter valued at about $176,000. Finally, TLP Group LLC grew its position in Service Co. International by 46,069.2% during the 1st quarter. TLP Group LLC now owns 6,002 shares of the company’s stock valued at $227,000 after purchasing an additional 5,989 shares during the last quarter. 85.55% of the stock is currently owned by institutional investors.
Shares of Service Co. International stock traded down $0.42 during trading on Thursday, hitting $43.74. The company’s stock had a trading volume of 782,000 shares, compared to its average volume of 1,123,492. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.56 and a quick ratio of 0.51. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.92 and a beta of 0.96. Service Co. International has a 52 week low of $33.16 and a 52 week high of $44.53.
Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The company had revenue of $796.09 million during the quarter, compared to analyst estimates of $792.56 million. Service Co. International had a net margin of 15.59% and a return on equity of 23.37%. Service Co. International’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. On average, equities analysts anticipate that Service Co. International will post 1.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.65%. This is an increase from Service Co. International’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, September 13th. Service Co. International’s dividend payout ratio is 43.87%.
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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