Somewhat Positive News Coverage Somewhat Unlikely to Affect Service Corporation International (NYSE:SCI) Share Price
Media stories about Service Corporation International (NYSE:SCI) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Service Corporation International earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.5299606002611 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- See what the IHS Markit Score report has to say about Service Corporation International. (finance.yahoo.com)
- The Providence Service Corporation (PRSC) Set to Announce Earnings on Tuesday (expressnewsline.com)
- 31.0% Return Seen to Date on SmarTrend Service Corp Int Call (SCI) (mysmartrend.com)
- [$$] Oil Prices Retreat as Market Waits for OPEC News (finance.yahoo.com)
- Service Corporation International Declares Quarterly Cash Dividend (finance.yahoo.com)
Shares of Service Corporation International (NYSE:SCI) remained flat at $34.90 on Friday. The stock had a trading volume of 503,471 shares. The stock has a market capitalization of $6.53 billion, a PE ratio of 18.92 and a beta of 0.93. Service Corporation International has a 12-month low of $24.90 and a 12-month high of $35.50. The firm has a 50 day moving average of $34.04 and a 200-day moving average of $31.87.
Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, topping the 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 firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $769.57 million. During the same quarter last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Service Corporation International will post $1.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, September 14th. Service Corporation International’s dividend payout ratio (DPR) is currently 32.43%.
Several equities research analysts have recently weighed in on SCI shares. Zacks Investment Research cut Service Corporation International from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Deutsche Bank AG started coverage on Service Corporation International in a research report on Monday, May 1st. They set a “buy” rating and a $40.00 price target on the stock. BidaskClub cut Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $37.00 price target (up from $34.00) on shares of Service Corporation International in a research report on Friday, July 21st. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $37.00.
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In related news, Director Edward E. Williams sold 10,000 shares of Service Corporation International stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $32.12, for a total transaction of $321,200.00. Following the sale, the director now owns 165,372 shares of the company’s stock, valued at approximately $5,311,748.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 100,000 shares of Service Corporation International stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $31.80, for a total value of $3,180,000.00. Following the sale, the chief executive officer now directly owns 1,175,109 shares in the company, valued at approximately $37,368,466.20. The disclosure for this sale can be found here. Insiders sold 210,000 shares of company stock worth $6,725,578 in the last ninety days. Corporate insiders own 6.20% of the company’s stock.
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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