Service Co. International (SCI) Hits New 52-Week High at $41.02

Service Co. International (NYSE:SCI)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $41.02 and last traded at $40.67, with a volume of 71232 shares traded. The stock had previously closed at $40.21.

A number of equities analysts have commented on SCI shares. Zacks Investment Research raised shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, April 18th. ValuEngine cut shares of Service Co. International from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $44.20.

The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 2.37. The stock has a market capitalization of $7.27 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 1.75 and a beta of 0.97.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Monday, July 30th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Service Co. International had a net margin of 15.59% and a return on equity of 23.37%. The firm had revenue of $796.09 million during the quarter, compared to analysts’ expectations of $792.56 million. During the same period in the previous year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. equities analysts predict that Service Co. International will post 1.85 EPS for the current fiscal year.

In other news, VP Steven A. Tidwell sold 17,384 shares of Service Co. International stock in a transaction on Friday, June 8th. The stock was sold at an average price of $36.63, for a total transaction of $636,775.92. Following the completion of the sale, the vice president now owns 50,847 shares of the company’s stock, valued at $1,862,525.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 150,000 shares of Service Co. International stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $40.15, for a total value of $6,022,500.00. Following the sale, the chief executive officer now directly owns 989,709 shares of the company’s stock, valued at approximately $39,736,816.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 532,619 shares of company stock valued at $20,839,215. Company insiders own 6.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SCI. CenterStar Asset Management LLC acquired a new stake in shares of Service Co. International during the first quarter worth $110,000. Hirtle Callaghan & Co LLC acquired a new stake in shares of Service Co. International during the second quarter worth $161,000. Cerebellum GP LLC acquired a new stake in shares of Service Co. International during the second quarter worth $176,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Service Co. International during the first quarter worth $202,000. Finally, TLP Group LLC lifted its holdings in shares of Service Co. International by 46,069.2% during the first quarter. TLP Group LLC now owns 6,002 shares of the company’s stock worth $227,000 after buying an additional 5,989 shares in the last quarter. 87.65% of the stock is owned by institutional investors.

About Service Co. International (NYSE:SCI)

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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