Service Co. International (SCI) Releases FY18 Earnings Guidance

Service Co. International (NYSE:SCI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.72-1.90 for the period, compared to the Thomson Reuters consensus estimate of $1.64.

Service Co. International (SCI) traded down $0.05 on Tuesday, hitting $37.65. The stock had a trading volume of 1,577,320 shares, compared to its average volume of 1,310,507. The company has a market capitalization of $6,880.16, a PE ratio of 19.82, a PEG ratio of 1.92 and a beta of 0.95. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 2.66. Service Co. International has a 1-year low of $30.02 and a 1-year high of $40.28.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.17 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.81%. Service Co. International’s payout ratio is currently 31.58%.

SCI has been the topic of a number of research reports. Zacks Investment Research cut Service Co. International from a hold rating to a sell rating in a research report on Wednesday, October 18th. Credit Suisse Group restated an outperform rating and set a $40.00 price objective (up from $38.00) on shares of Service Co. International in a research report on Friday, November 3rd. Off Wall Street initiated coverage on Service Co. International in a research report on Friday, December 15th. They set a sell rating on the stock. Finally, Oppenheimer restated a buy rating and set a $42.00 price objective on shares of Service Co. International in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $42.00.

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

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About Service Co. 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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