Analysts Expect Service Corporation International (SCI) to Post $0.45 Earnings Per Share
Brokerages predict that Service Corporation International (NYSE:SCI) will announce $0.45 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Service Corporation International’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.46. Service Corporation International reported earnings per share of $0.47 in the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The company is scheduled to announce its next earnings report on Monday, February 12th.
On average, analysts expect that Service Corporation International will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.42 to $1.51. For the next fiscal year, analysts forecast that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.55 to $1.58. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Service Corporation International.
Service Corporation International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Service Corporation International had a net margin of 11.83% and a return on equity of 24.85%. The firm had revenue of $731.30 million during the quarter, compared to the consensus estimate of $735.62 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis.
SCI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Service Corporation International from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a report on Saturday. BidaskClub upgraded shares of Service Corporation International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th.
In other news, VP Gregory T. Sangalis sold 72,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $35.40, for a total value of $2,559,420.00. Following the completion of the transaction, the vice president now owns 129,883 shares of the company’s stock, valued at $4,597,858.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael R. Webb sold 202,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $34.70, for a total transaction of $7,009,400.00. Following the completion of the transaction, the insider now directly owns 622,903 shares of the company’s stock, valued at approximately $21,614,734.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 604,800 shares of company stock worth $21,109,153. 6.20% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. State Street Corp increased its position in Service Corporation International by 0.4% during the second quarter. State Street Corp now owns 4,961,421 shares of the company’s stock worth $165,957,000 after purchasing an additional 20,669 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Service Corporation International by 2.6% during the second quarter. Ameriprise Financial Inc. now owns 1,467,669 shares of the company’s stock worth $49,092,000 after buying an additional 36,642 shares during the period. Balyasny Asset Management LLC grew its stake in Service Corporation International by 271.3% during the second quarter. Balyasny Asset Management LLC now owns 777,768 shares of the company’s stock worth $26,016,000 after buying an additional 568,279 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Service Corporation International by 9.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 590,087 shares of the company’s stock worth $18,222,000 after buying an additional 51,598 shares during the period. Finally, Rothschild Asset Management Inc. grew its stake in Service Corporation International by 4.7% during the second quarter. Rothschild Asset Management Inc. now owns 526,177 shares of the company’s stock worth $17,601,000 after buying an additional 23,389 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.
Shares of Service Corporation International (NYSE SCI) traded up 0.60% during trading on Tuesday, reaching $35.46. 1,098,178 shares of the company were exchanged. The firm has a 50-day moving average price of $34.61 and a 200-day moving average price of $33.64. The stock has a market capitalization of $6.64 billion, a P/E ratio of 19.22 and a beta of 0.92. Service Corporation International has a 1-year low of $24.90 and a 1-year high of $35.89.
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Service Corporation International Company Profile
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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