Equities research analysts expect Service Co. International (NYSE:SCI) to post $0.56 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Service Co. International’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.57. Service Co. International reported earnings per share of $0.50 in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 12th.
According to Zacks, analysts expect that Service Co. International will report full year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.83. For the next year, analysts forecast that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.98 to $2.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Service Co. International.
Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The company had revenue of $778.80 million during the quarter, compared to analysts’ expectations of $762.60 million. Service Co. International had a net margin of 15.76% and a return on equity of 22.47%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share.
A number of research firms have commented on SCI. Zacks Investment Research downgraded Service Co. International from a “hold” rating to a “sell” rating in a report on Monday. Oppenheimer lifted their price objective on Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Credit Suisse Group lifted their price objective on Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. ValuEngine upgraded Service Co. International from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Finally, Raymond James lifted their price target on Service Co. International from $45.00 to $47.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $46.17.
In related news, CEO Thomas L. Ryan sold 99,597 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $44.14, for a total value of $4,396,211.58. Following the completion of the sale, the chief executive officer now directly owns 1,075,735 shares of the company’s stock, valued at approximately $47,482,942.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $44.86, for a total value of $2,243,000.00. Following the completion of the sale, the chief executive officer now directly owns 976,138 shares of the company’s stock, valued at $43,789,550.68. The disclosure for this sale can be found here. Insiders have sold 314,400 shares of company stock valued at $14,012,985 in the last ninety days. Company insiders own 6.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Honkamp Krueger Financial Services Inc. bought a new position in Service Co. International in the third quarter worth approximately $107,000. TRUE Private Wealth Advisors purchased a new position in shares of Service Co. International in the 3rd quarter worth $125,000. Fort L.P. bought a new stake in shares of Service Co. International in the 2nd quarter worth about $120,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Service Co. International by 707.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,423 shares of the company’s stock worth $151,000 after acquiring an additional 2,999 shares during the last quarter. Finally, Townsend & Associates Inc bought a new stake in Service Co. International during the 3rd quarter valued at about $164,000. 87.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of SCI traded down $1.50 during mid-day trading on Friday, reaching $45.47. 1,475,342 shares of the company’s stock were exchanged, compared to its average volume of 1,031,949. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 2.38. The firm has a market cap of $8.36 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. Service Co. International has a 52-week low of $35.19 and a 52-week high of $47.09.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.17 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. Service Co. International’s 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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