Service Co. International (NYSE:SCI) Director Tony Coelho sold 6,325 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $39.65, for a total transaction of $250,786.25. Following the transaction, the director now owns 61,750 shares of the company’s stock, valued at approximately $2,448,387.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of SCI traded up $0.04 during trading hours on Friday, reaching $39.57. The company had a trading volume of 331,716 shares, compared to its average volume of 962,572. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $7.17 billion, a PE ratio of 22.11, a P/E/G ratio of 1.84 and a beta of 1.07. Service Co. International has a 12-month low of $35.19 and a 12-month high of $47.09.
Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Monday, February 18th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). The company had revenue of $820.81 million during the quarter, compared to analysts’ expectations of $843.45 million. Service Co. International had a net margin of 14.02% and a return on equity of 21.92%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. On average, research analysts anticipate that Service Co. International will post 1.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Service Co. International’s previous quarterly dividend of $0.17. Service Co. International’s dividend payout ratio (DPR) is currently 37.99%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Lavaca Capital LLC purchased a new position in Service Co. International during the 4th quarter valued at about $28,000. Global Retirement Partners LLC increased its holdings in Service Co. International by 80.5% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock valued at $32,000 after acquiring an additional 352 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in Service Co. International during the 4th quarter valued at about $35,000. Lloyds Banking Group plc purchased a new position in Service Co. International during the 4th quarter valued at about $47,000. Finally, Enlightenment Research LLC purchased a new position in Service Co. International during the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 87.80% of the company’s stock.
A number of brokerages have commented on SCI. Zacks Investment Research upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Raymond James downgraded shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, February 20th. Finally, ValuEngine downgraded shares of Service Co. International from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Service Co. International currently has a consensus rating of “Hold” and an average price target of $46.75.
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Service Co. International Company Profile
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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