Brokerages expect Service Corporation International (NYSE:SCI) to report earnings per share of $0.26 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Service Corporation International’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.24. Service Corporation International also posted earnings of $0.26 per share in the same quarter last year. The business is expected to issue its next quarterly earnings results on Wednesday, October 25th.
On average, analysts expect that Service Corporation International will report full-year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.42 to $1.47. For the next year, analysts expect that the firm will post earnings of $1.56 per share, with EPS estimates ranging from $1.54 to $1.58. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Service Corporation International.
Service Corporation International (NYSE:SCI) last issued its earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $769.57 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Service Corporation International from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $39.00 target price on shares of Service Corporation International in a research note on Tuesday, September 26th. Finally, 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 related news, Director W Blair Waltrip sold 2,000 shares of Service Corporation International stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $35.07, for a total value of $70,140.00. Following the completion of the sale, the director now directly owns 661,409 shares in the company, valued at approximately $23,195,613.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory T. Sangalis sold 72,300 shares of Service Corporation International stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $35.40, for a total transaction of $2,559,420.00. Following the sale, the vice president now owns 129,883 shares of the company’s stock, valued at $4,597,858.20. The disclosure for this sale can be found here. Insiders sold a total of 604,800 shares of company stock valued at $21,109,153 over the last quarter. 6.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC lifted its stake in Service Corporation International by 315.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,687 shares of the company’s stock valued at $123,000 after acquiring an additional 2,800 shares during the period. IFP Advisors Inc lifted its stake in Service Corporation International by 2.1% during the 2nd quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock valued at $142,000 after acquiring an additional 89 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Service Corporation International during the 1st quarter valued at approximately $200,000. CIBC Asset Management Inc acquired a new stake in Service Corporation International during the 2nd quarter valued at approximately $210,000. Finally, Hartford Investment Management Co. acquired a new stake in Service Corporation International during the 2nd quarter valued at approximately $229,000. Institutional investors and hedge funds own 84.83% of the company’s stock.
Service Corporation International (NYSE:SCI) traded down 0.09% on Thursday, hitting $34.22. The stock has a 50 day moving average price of $34.82 and a 200 day moving average price of $33.26. The firm has a market capitalization of $6.41 billion, a PE ratio of 18.55 and a beta of 0.92. Service Corporation International has a 52 week low of $24.90 and a 52 week high of $35.89.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 14th. Service Corporation International’s dividend payout ratio (DPR) is presently 32.43%.
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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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