Service Corp. International VP Gregory T. Sangalis Unloads 40,000 Shares (SCI)
Service Corp. International (NYSE:SCI) VP Gregory T. Sangalis sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $21.62, for a total transaction of $864,800.00. Following the sale, the vice president now directly owns 55,059 shares in the company, valued at approximately $1,190,376. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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, August 1st.
Service Corp. International (NYSE:SCI) opened at 21.88 on Monday. Service Corp. International has a 52-week low of $16.81 and a 52-week high of $21.89. The stock’s 50-day moving average is $20.88 and its 200-day moving average is $19.52. The company has a market cap of $4.623 billion and a P/E ratio of 39.39.
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. Analysts expect that Service Corp. International will post $1.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, September 11th. This is a positive change from Service Corp. International’s previous quarterly dividend of $0.08.
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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