Service Corporation International (SCI) to Release Earnings on Tuesday
Service Corporation International (NYSE:SCI) is set to release its earnings data after the market closes on Tuesday, July 25th. Analysts expect Service Corporation International to post earnings of $0.30 per share for the quarter.
Service Corporation International (NYSE:SCI) last released its earnings results on Wednesday, April 26th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. Service Corporation International had a net margin of 9.94% and a return on equity of 23.87%. The firm had revenue of $777.70 million during the quarter, compared to the consensus estimate of $764.02 million. During the same period in the prior year, the firm earned $0.28 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. On average, analysts expect Service Corporation International to post $1.42 EPS for the current fiscal year and $1.53 EPS for the next fiscal year.
Service Corporation International (SCI) opened at 34.05 on Tuesday. The stock’s 50 day moving average is $32.14 and its 200-day moving average is $30.66. Service Corporation International has a 52-week low of $24.90 and a 52-week high of $34.38. The company has a market capitalization of $6.40 billion, a P/E ratio of 21.79 and a beta of 0.93.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.76%. This is a boost from Service Corporation International’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, June 13th. Service Corporation International’s payout ratio is presently 38.22%.
Several research firms have recently weighed in on SCI. BidaskClub raised shares of Service Corporation International from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research cut shares of Service Corporation International from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Deutsche Bank AG began coverage on shares of Service Corporation International in a report on Monday, May 1st. They set a “buy” rating and a $40.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.80.
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In other Service Corporation International news, VP Sumner J. Waring III sold 82,400 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $32.25, for a total transaction of $2,657,400.00. Following the completion of the sale, the vice president now directly owns 408,452 shares of the company’s stock, valued at $13,172,577. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edward E. Williams sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $32.12, for a total transaction of $321,200.00. Following the sale, the director now directly owns 165,372 shares of the company’s stock, valued at $5,311,748.64. The disclosure for this sale can be found here. Insiders have sold 331,400 shares of company stock valued at $10,639,948 over the last three months. 6.20% of the stock is owned by corporate insiders.
About Service Corporation 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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