$762.20 Million in Sales Expected for Service Co. International (SCI) This Quarter
Analysts expect Service Co. International (NYSE:SCI) to announce $762.20 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Service Co. International’s earnings. The lowest sales estimate is $755.30 million and the highest is $769.10 million. Service Co. International posted sales of $731.35 million in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, 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 year, analysts expect that the firm will report sales of $3.30 billion per share, with estimates ranging from $3.29 billion to $3.31 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Service Co. International.
Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Service Co. International had a return on equity of 23.37% and a net margin of 15.59%. The firm had revenue of $796.09 million during the quarter, compared to analyst estimates of $792.56 million. During the same quarter in the previous year, the firm earned $0.35 EPS. Service Co. International’s quarterly revenue was up 3.0% compared to the same quarter last year.
In related news, insider Michael R. Webb sold 214,000 shares of Service Co. International stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $38.79, for a total value of $8,301,060.00. Following the completion of the sale, the insider now directly owns 386,735 shares in the company, valued at approximately $15,001,450.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 142,000 shares of Service Co. International stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $38.87, for a total value of $5,519,540.00. Following the completion of the sale, the chief executive officer now owns 1,086,178 shares of the company’s stock, valued at $42,219,738.86. The disclosure for this sale can be found here. Insiders sold a total of 845,985 shares of company stock valued at $33,859,909 over the last quarter. 6.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCI. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Service Co. International by 15.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,715 shares of the company’s stock valued at $442,000 after buying an additional 1,609 shares in the last quarter. Hirtle Callaghan & Co LLC purchased a new position in shares of Service Co. International during the 2nd quarter valued at about $161,000. Principal Financial Group Inc. lifted its position in shares of Service Co. International by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 813,201 shares of the company’s stock valued at $30,690,000 after buying an additional 10,599 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Service Co. International during the 1st quarter valued at about $1,274,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Service Co. International by 30.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,291,491 shares of the company’s stock valued at $48,742,000 after buying an additional 301,932 shares in the last quarter. Institutional investors own 85.62% of the company’s stock.
NYSE SCI traded up $0.17 during trading hours on Tuesday, hitting $42.16. The company’s stock had a trading volume of 7,404 shares, compared to its average volume of 1,058,861. Service Co. International has a 12 month low of $33.16 and a 12 month high of $42.93. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.82 and a beta of 0.97. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.51 and a current ratio of 0.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.71%. This is an increase from Service Co. International’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, September 13th. Service Co. International’s dividend payout ratio (DPR) is presently 43.87%.
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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