Service Corporation International (NYSE: SCI) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2017 – Service Corporation International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 7/31/2017 – Service Corporation International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Service Corporation International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/21/2017 – Service Corporation International had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $37.00 price target on the stock, up previously from $34.00.
  • 7/6/2017 – Service Corporation International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/1/2017 – Service Corporation International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations. “
  • 6/29/2017 – Service Corporation International was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Service Corporation International (NYSE:SCI) traded down 0.043% during midday trading on Friday, hitting $34.885. 278,628 shares of the company’s stock traded hands. The company has a 50 day moving average of $33.97 and a 200 day moving average of $31.83. Service Corporation International has a 52 week low of $24.90 and a 52 week high of $35.50. The stock has a market cap of $6.53 billion, a P/E ratio of 18.908 and a beta of 0.93.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. The business had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $769.57 million. During the same quarter last year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Service Corporation International will post $1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.15 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.72%. Service Corporation International’s dividend payout ratio (DPR) is 32.43%.

In related news, CEO Thomas L. Ryan sold 100,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $31.80, for a total value of $3,180,000.00. Following the completion of the transaction, the chief executive officer now owns 1,175,109 shares in the company, valued at approximately $37,368,466.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 48,606 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $31.92, for a total value of $1,551,503.52. Following the completion of the sale, the chief executive officer now directly owns 1,123,715 shares of the company’s stock, valued at $35,868,982.80. The disclosure for this sale can be found here. Insiders sold a total of 210,000 shares of company stock valued at $6,725,578 in the last quarter. 6.20% of the stock is currently owned by corporate insiders.

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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