Analysts Anticipate Service Corporation International (SCI) to Announce $0.27 EPS
Equities research analysts predict that Service Corporation International (NYSE:SCI) will announce earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Service Corporation International’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.28. Service Corporation International posted earnings of $0.26 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Service Corporation International will report full-year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.47. For the next year, analysts forecast that the company will report earnings of $1.55 per share, with EPS estimates ranging from $1.54 to $1.57. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Service Corporation International.
Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $769.57 million. During the same period in the prior year, the business earned $0.28 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis.
Several analysts have recently commented on SCI shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $37.00 target price (up previously from $34.00) on shares of Service Corporation International in a research report on Friday, July 21st. BidaskClub raised Service Corporation International from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research raised Service Corporation International from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG started coverage on Service Corporation International in a research report on Monday, May 1st. They issued a “buy” rating and a $40.00 target price for the company. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $37.00.
Shares of Service Corporation International (SCI) opened at 35.04 on Friday. The stock has a market capitalization of $6.56 billion, a P/E ratio of 18.99 and a beta of 0.93. Service Corporation International has a 12 month low of $24.90 and a 12 month high of $35.89. The stock has a 50 day moving average price of $34.35 and a 200 day moving average price of $32.04.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.15 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.71%. Service Corporation International’s dividend payout ratio (DPR) is presently 32.43%.
In related news, CEO Thomas L. Ryan sold 100,000 shares of Service Corporation International stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $31.80, for a total transaction of $3,180,000.00. Following the completion of the sale, the chief executive officer now owns 1,175,109 shares of the company’s stock, valued at $37,368,466.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 48,606 shares of Service Corporation International stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $31.92, for a total value of $1,551,503.52. Following the sale, the chief executive officer now directly owns 1,123,715 shares of the company’s stock, valued at approximately $35,868,982.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,000 shares of company stock valued at $6,725,578. Insiders own 6.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Credit Agricole S A boosted its stake in Service Corporation International by 18.8% in the first quarter. Credit Agricole S A now owns 392,858 shares of the company’s stock worth $12,131,000 after buying an additional 62,053 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in Service Corporation International by 11.1% in the first quarter. Glen Harbor Capital Management LLC now owns 6,064 shares of the company’s stock worth $187,000 after buying an additional 608 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Service Corporation International during the first quarter worth about $37,427,000. PEAK6 Investments L.P. boosted its stake in Service Corporation International by 78.2% in the first quarter. PEAK6 Investments L.P. now owns 19,462 shares of the company’s stock worth $601,000 after buying an additional 8,538 shares during the last quarter. Finally, Stephens Inc. AR purchased a new stake in Service Corporation International during the first quarter worth about $243,000. 86.66% of the stock is owned by hedge funds and other institutional investors.
About Service Corporation International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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