Service Corp. International (SCI) Releases Quarterly Earnings Results
Service Corp. International (NYSE:SCI) posted its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.07, Analyst Ratings.Net reports. The company had revenue of $668.60 million for the quarter, compared to the consensus estimate of $612.10 million. During the same quarter last year, the company posted $0.22 earnings per share. Service Corp. International’s revenue was up 6.2% compared to the same quarter last year.
Shares of Service Corp. International (NYSE:SCI) opened at 17.49 on Wednesday. Service Corp. International has a 52 week low of $15.27 and a 52 week high of $19.59. The stock has a 50-day moving average of $17.85 and a 200-day moving average of $18.25. The company has a market cap of $3.707 billion and a price-to-earnings ratio of 26.01.
On a related note, analysts at Thomson Reuters/Verus upgraded shares of Service Corp. International from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $21.15.
Service Corporation International (NYSE:SCI) is a provider of deathcare products and services, with a network of funeral service locations and cemeteries primarily operating in the United States and Canada.
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