Insider Selling: R L. Waltrip Sells 224,000 Shares of Service Corp. International Stock (SCI)
Service Corp. International (NYSE:SCI) Chairman R L. Waltrip sold 224,000 shares of Service Corp. International stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $21.10, for a total transaction of $4,726,400.00. Following the completion of the transaction, the chairman now directly owns 798,927 shares of the company’s stock, valued at approximately $16,857,360. The sale was disclosed in a filing with the SEC, which is available at this link.
Service Corp. International (NYSE:SCI) traded up 0.28% during mid-day trading on Tuesday, hitting $21.33. 1,388,119 shares of the company’s stock traded hands. Service Corp. International has a one year low of $16.81 and a one year high of $21.31. The stock has a 50-day moving average of $20.54 and a 200-day moving average of $19.33. The company has a market cap of $4.504 billion and a price-to-earnings ratio of 38.19.
Service Corp. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $746.75 million for the quarter, compared to the consensus estimate of $731.26 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, analysts predict that Service Corp. International will post $1.10 earnings per share for the current fiscal year.
Separately, analysts at Susquehanna raised their price target on shares of Service Corp. International from $25.00 to $27.00 in a research note on Friday.
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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