Service Corporation International (NYSE:SCI) Releases Earnings Results, Beats Expectations By $0.01 EPS

Service Corporation International (NYSE:SCI) released its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01, FiscalAI reports. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Service Corporation International had a return on equity of 34.06% and a net margin of 12.30%.Service Corporation International’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. Service Corporation International updated its FY 2026 guidance to 4.100-4.300 EPS.

Service Corporation International Trading Up 0.0%

Shares of SCI traded up $0.04 during mid-day trading on Friday, reaching $85.33. The company had a trading volume of 528,242 shares, compared to its average volume of 1,306,321. Service Corporation International has a fifty-two week low of $68.41 and a fifty-two week high of $90.99. The firm has a fifty day simple moving average of $76.37 and a 200-day simple moving average of $79.49. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.92 and a beta of 0.84. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.22.

Service Corporation International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.36 per share. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. Service Corporation International’s payout ratio is 37.60%.

Analysts Set New Price Targets

SCI has been the subject of several recent research reports. Oppenheimer raised their target price on shares of Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, April 2nd. UBS Group cut their price objective on Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, May 1st. JPMorgan Chase & Co. lowered their target price on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Weiss Ratings cut Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered Service Corporation International from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCI. Toronto Dominion Bank acquired a new stake in Service Corporation International during the fourth quarter worth about $238,000. California State Teachers Retirement System grew its holdings in shares of Service Corporation International by 3.2% during the 4th quarter. California State Teachers Retirement System now owns 139,415 shares of the company’s stock worth $10,870,000 after purchasing an additional 4,310 shares during the period. Campbell & CO Investment Adviser LLC grew its holdings in shares of Service Corporation International by 45.9% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 26,028 shares of the company’s stock worth $2,029,000 after purchasing an additional 8,191 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Service Corporation International by 218.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 5,596 shares of the company’s stock valued at $436,000 after buying an additional 3,836 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Service Corporation International during the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

About Service Corporation International

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.