Service Co. International (SCI) Set to Announce Quarterly Earnings on Tuesday
Service Co. International (NYSE:SCI) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Service Co. International has set its FY18 guidance at $1.72-1.90 EPS.
Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The firm had revenue of $812.73 million for the quarter, compared to analyst estimates of $823.66 million. Service Co. International had a net margin of 17.66% and a return on equity of 23.68%. During the same quarter in the previous year, the business posted $0.47 earnings per share. On average, analysts expect Service Co. International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Service Co. International stock opened at $38.64 on Tuesday. 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 capitalization of $7,067.34, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.74 and a beta of 0.93. Service Co. International has a 1 year low of $30.59 and a 1 year high of $40.28.
Service Co. International declared that its board has initiated a stock buyback program on Tuesday, February 13th that allows the company to repurchase $298.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other Service Co. International news, Director Tony Coelho sold 3,110 shares of Service Co. International stock in a transaction that occurred 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 transaction, the director now directly owns 63,240 shares in the company, valued at approximately $2,473,316.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.20% of the company’s stock.
SCI has been the topic of several recent research reports. Oppenheimer restated a “buy” rating and issued a $42.00 price target on shares of Service Co. International in a research report on Thursday, January 18th. Bank of America lifted their price target on shares of Service Co. International from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Deutsche Bank lifted their price target on shares of Service Co. International from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. Finally, Zacks Investment Research cut shares of Service Co. International from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Service Co. International presently has an average rating of “Buy” and a consensus price target of $43.60.
About Service Co. International
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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