Zacks: Brokerages Anticipate Service Co. International (SCI) Will Announce Quarterly Sales of $806.66 Million
Analysts expect Service Co. International (NYSE:SCI) to post sales of $806.66 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Service Co. International’s earnings, with the highest sales estimate coming in at $816.70 million and the lowest estimate coming in at $798.70 million. Service Co. International posted sales of $777.71 million during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The company is expected to announce its next earnings results on Wednesday, April 25th.
On average, analysts expect that Service Co. International will report full-year sales of $3.20 billion for the current year, with estimates ranging from $3.19 billion to $3.21 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.31 billion per share, with estimates ranging from $3.29 billion to $3.32 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Service Co. International.
Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Service Co. International had a return on equity of 23.68% and a net margin of 17.66%. The business had revenue of $812.73 million for the quarter, compared to the consensus estimate of $823.66 million. During the same quarter in the prior year, the business earned $0.47 earnings per share.
Service Co. International stock traded up $0.44 during trading on Monday, hitting $38.64. The stock had a trading volume of 1,085,885 shares, compared to its average volume of 1,164,673. Service Co. International has a 1 year low of $30.59 and a 1 year high of $40.28. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 2.22. The company has a market cap of $7,067.34, a price-to-earnings ratio of 24.93, a PEG ratio of 1.74 and a beta of 0.93.
Service Co. International announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 13th that allows the company to buyback $298.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.17 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.76%. Service Co. International’s payout ratio is presently 43.87%.
In other Service Co. International news, Director Tony Coelho sold 3,110 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $39.11, for a total transaction of $121,632.10. Following the sale, the director now owns 63,240 shares of the company’s stock, valued at approximately $2,473,316.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of SCI. Cornerstone Capital Management Holdings LLC. bought a new stake in Service Co. International during the 3rd quarter valued at $7,214,000. California Public Employees Retirement System raised its holdings in Service Co. International by 7.4% during the 3rd quarter. California Public Employees Retirement System now owns 400,204 shares of the company’s stock valued at $13,807,000 after acquiring an additional 27,506 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Service Co. International by 10.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 678,441 shares of the company’s stock valued at $23,406,000 after acquiring an additional 63,444 shares during the period. Bank of Montreal Can raised its holdings in Service Co. International by 170.4% during the 4th quarter. Bank of Montreal Can now owns 28,224 shares of the company’s stock valued at $1,053,000 after acquiring an additional 17,787 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Service Co. International by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 657,837 shares of the company’s stock valued at $24,551,000 after acquiring an additional 24,400 shares during the period. 86.98% of the stock is currently owned by institutional investors and hedge funds.
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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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