Jefferson Research Downgrades Service Corp. International to Sell (SCI)
Service Corp. International (NYSE:SCI) was downgraded by Jefferson Research from a “hold” rating to a “sell” rating in a research note issued on Friday, Analyst Ratings Network.com reports.
In other Service Corp. International news, Director Edward Williams sold 23,000 shares of Service Corp. International stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $18.18, for a total transaction of $418,140.00. Following the completion of the transaction, the director now directly owns 201,813 shares in the company, valued at approximately $3,668,960. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Service Corp. International (NYSE:SCI) traded down 0.39% on Friday, hitting $18.11. 420,490 shares of the company’s stock traded hands. 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 $17.90 and a 200-day moving average of $18.23. The company has a market cap of $3.845 billion and a P/E ratio of 27.13.
Service Corp. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $668.60 million for the quarter, compared to the consensus estimate of $612.10 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Service Corp. International will post $1.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Saturday, March 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, March 12th. This is an increase from Service Corp. International’s previous quarterly dividend of $0.07.
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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