Service Co. International (SCI) Releases FY 2018 Earnings Guidance

Service Co. International (NYSE:SCI) updated its FY 2018 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.77-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.85. Service Co. International also updated its FY18 guidance to $1.77-1.85 EPS.

Several research firms have recently issued reports on SCI. Oppenheimer increased their target price on shares of Service Co. International from $42.00 to $47.00 and gave the stock an outperform rating in a research note on Friday. Credit Suisse Group raised their price target on shares of Service Co. International from $46.00 to $50.00 and gave the company an outperform rating in a research note on Monday, September 17th. ValuEngine raised shares of Service Co. International from a hold rating to a buy rating in a research note on Monday, September 17th. Finally, Zacks Investment Research raised shares of Service Co. International from a hold rating to a buy rating and set a $43.00 price target on the stock in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Service Co. International presently has a consensus rating of Buy and an average target price of $46.00.

Service Co. International stock traded down $2.16 during midday trading on Tuesday, reaching $40.50. The company had a trading volume of 67,025 shares, compared to its average volume of 1,264,776. The firm has a market capitalization of $7.74 billion, a PE ratio of 26.10, a P/E/G ratio of 1.86 and a beta of 0.96. Service Co. International has a 12-month low of $33.45 and a 12-month high of $44.53. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 2.37.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Monday, October 29th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The company had revenue of $778.80 million during the quarter, compared to analysts’ expectations of $762.60 million. Service Co. International had a net margin of 15.59% and a return on equity of 23.37%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. On average, sell-side analysts predict that Service Co. International will post 1.85 EPS for the current fiscal year.

In other Service Co. International news, Director Edward E. Williams sold 7,835 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $39.52, for a total value of $309,639.20. Following the transaction, the director now directly owns 56,663 shares of the company’s stock, valued at approximately $2,239,321.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven A. Tidwell sold 32,150 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $41.80, for a total transaction of $1,343,870.00. Following the completion of the transaction, the vice president now directly owns 78,747 shares in the company, valued at $3,291,624.60. The disclosure for this sale can be found here. Insiders sold a total of 845,985 shares of company stock worth $33,859,909 over the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

About Service Co. International

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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