Zacks: Analysts Expect Service Co. International (SCI) to Post $0.41 Earnings Per Share

Analysts forecast that Service Co. International (NYSE:SCI) will report $0.41 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Service Co. International’s earnings. Service Co. International reported earnings per share of $0.47 during the same quarter last year, which suggests a negative year-over-year growth rate of 12.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, April 24th.

On average, analysts expect that Service Co. International will report full year earnings of $1.93 per share for the current financial year. For the next financial year, analysts forecast that the firm will post earnings of $2.12 per share, with EPS estimates ranging from $2.09 to $2.14. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Service Co. International.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Monday, February 18th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $820.81 million during the quarter, compared to analysts’ expectations of $843.45 million. Service Co. International had a net margin of 14.02% and a return on equity of 21.92%. Service Co. International’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. ValuEngine lowered Service Co. International from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Finally, Raymond James lowered Service Co. International from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.75.

SCI stock opened at $41.57 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $7.63 billion, a PE ratio of 23.22, a P/E/G ratio of 1.95 and a beta of 1.06. Service Co. International has a 1 year low of $35.19 and a 1 year high of $47.09.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.73%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 14th. Service Co. International’s dividend payout ratio is presently 40.22%.

In other Service Co. International news, Director John W. Mecom, Jr. sold 16,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $41.91, for a total transaction of $670,560.00. Following the transaction, the director now directly owns 114,835 shares in the company, valued at $4,812,734.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tony Coelho sold 6,325 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $39.65, for a total value of $250,786.25. Following the transaction, the director now owns 61,750 shares in the company, valued at $2,448,387.50. The disclosure for this sale can be found here. Insiders sold 1,322,555 shares of company stock valued at $55,091,685 over the last quarter. 5.50% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in SCI. Lavaca Capital LLC acquired a new position in Service Co. International during the fourth quarter worth $28,000. Global Retirement Partners LLC raised its stake in shares of Service Co. International by 80.5% in the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock valued at $32,000 after acquiring an additional 352 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of Service Co. International in the fourth quarter valued at $35,000. Lloyds Banking Group plc acquired a new stake in shares of Service Co. International in the fourth quarter valued at $47,000. Finally, Enlightenment Research LLC acquired a new stake in shares of Service Co. International in the fourth quarter valued at $60,000. Institutional investors own 87.77% of the company’s stock.

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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