Service Co. International (SCI) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Service Co. International (NYSE:SCI) released its quarterly earnings data on Tuesday. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05, Bloomberg Earnings reports. Service Co. International had a return on equity of 24.85% and a net margin of 11.83%. During the same period in the prior year, the firm posted $0.47 earnings per share. Service Co. International updated its FY18 guidance to $1.72-1.90 EPS.

Shares of Service Co. International (NYSE:SCI) traded down $0.05 during trading on Tuesday, reaching $37.65. The company’s stock had a trading volume of 1,577,330 shares, compared to its average volume of 1,310,514. Service Co. International has a fifty-two week low of $30.02 and a fifty-two week high of $40.28. The firm has a market cap of $6,880.16, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.17 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.81%. Service Co. International’s dividend payout ratio (DPR) is currently 31.58%.

Several equities research analysts have recently commented on the company. Credit Suisse Group increased their price objective on Service Co. International from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Oppenheimer reissued a “buy” rating and issued a $42.00 price objective on shares of Service Co. International in a report on Thursday, January 18th. Off Wall Street assumed coverage on Service Co. International in a report on Friday, December 15th. They issued a “sell” rating for the company. Finally, Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $42.00.

In other Service Co. International news, VP Elisabeth G. Nash sold 47,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the completion of the sale, the vice president now owns 164,441 shares of the company’s stock, valued at approximately $5,860,677.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R L. Waltrip sold 84,679 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $37.90, for a total value of $3,209,334.10. Following the sale, the insider now directly owns 765,762 shares of the company’s stock, valued at approximately $29,022,379.80. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

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Service Co. 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.

Earnings History for Service Co. International (NYSE:SCI)

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