Service Corporation International (NYSE:SCI) Issues Quarterly Earnings Results

Service Corporation International (NYSE:SCI) announced its earnings results on Wednesday. The company reported $1.14 earnings per share for the quarter, meeting the consensus estimate of $1.14, FiscalAI reports. Service Corporation International had a return on equity of 33.60% and a net margin of 12.46%.The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion.

Service Corporation International Price Performance

Shares of SCI stock traded up $0.96 during mid-day trading on Wednesday, reaching $84.35. The stock had a trading volume of 1,326,322 shares, compared to its average volume of 1,016,767. The company has a market cap of $11.82 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.84 and a beta of 0.99. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 3.17. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $86.67. The business has a 50-day simple moving average of $79.75 and a 200 day simple moving average of $80.12.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. began coverage on shares of Service Corporation International in a research report on Tuesday, January 20th. They issued an “overweight” rating and a $110.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $96.50.

Insider Activity at Service Corporation International

In related news, VP Elisabeth G. Nash sold 42,400 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.32, for a total value of $3,235,968.00. Following the sale, the vice president directly owned 110,006 shares of the company’s stock, valued at approximately $8,395,657.92. This represents a 27.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is owned by corporate insiders.

Institutional Trading of Service Corporation International

Several large investors have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new position in shares of Service Corporation International during the 3rd quarter worth approximately $42,000. Los Angeles Capital Management LLC purchased a new stake in shares of Service Corporation International in the fourth quarter valued at $54,000. Danske Bank A S purchased a new stake in shares of Service Corporation International in the third quarter valued at $83,000. Brighton Jones LLC acquired a new stake in shares of Service Corporation International during the fourth quarter valued at $435,000. Finally, Baird Financial Group Inc. increased its position in Service Corporation International by 32.6% during the 2nd quarter. Baird Financial Group Inc. now owns 9,753 shares of the company’s stock worth $794,000 after purchasing an additional 2,398 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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.