Service Co. International (NYSE:SCI) Expected to Post Earnings of $0.38 Per Share

Wall Street brokerages expect Service Co. International (NYSE:SCI) to announce earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Service Co. International’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.40. Service Co. International reported earnings per share of $0.35 during the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The company is expected to announce its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Service Co. International will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.96. For the next year, analysts anticipate that the business will report earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.15. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Service Co. International.

Service Co. International (NYSE:SCI) last posted its earnings results on Monday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Service Co. International had a net margin of 12.88% and a return on equity of 20.55%. The firm had revenue of $812.57 million during the quarter, compared to analyst estimates of $811.01 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 2.1% compared to the same quarter last year.

Several analysts have recently issued reports on SCI shares. Raymond James upped their target price on shares of Service Co. International from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Zacks Investment Research upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.33.

Shares of NYSE SCI traded up $0.83 during trading on Friday, hitting $48.03. The stock had a trading volume of 1,145,480 shares, compared to its average volume of 1,015,343. Service Co. International has a 12 month low of $37.52 and a 12 month high of $48.54. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.64 and a quick ratio of 0.60. The company has a market capitalization of $8.63 billion, a PE ratio of 26.83, a PEG ratio of 2.17 and a beta of 0.92. The firm has a fifty day moving average of $46.89 and a two-hundred day moving average of $43.67.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.72 annualized dividend and a yield of 1.50%. Service Co. International’s payout ratio is currently 40.22%.

In related news, CEO Thomas L. Ryan sold 100,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $43.83, for a total transaction of $4,383,000.00. Following the completion of the transaction, the chief executive officer now owns 1,122,809 shares in the company, valued at $49,212,718.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 108,099 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $47.31, for a total transaction of $5,114,163.69. Following the transaction, the chief executive officer now owns 1,051,645 shares of the company’s stock, valued at approximately $49,753,324.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 546,222 shares of company stock valued at $24,322,640. 5.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its holdings in Service Co. International by 4.3% during the second quarter. Jennison Associates LLC now owns 5,221 shares of the company’s stock valued at $244,000 after purchasing an additional 214 shares during the last quarter. Homrich & Berg lifted its position in Service Co. International by 5.7% during the second quarter. Homrich & Berg now owns 5,598 shares of the company’s stock valued at $262,000 after buying an additional 300 shares during the period. Profund Advisors LLC lifted its position in Service Co. International by 1.5% during the second quarter. Profund Advisors LLC now owns 20,404 shares of the company’s stock valued at $954,000 after buying an additional 300 shares during the period. Coastal Investment Advisors Inc. lifted its position in Service Co. International by 3.0% during the second quarter. Coastal Investment Advisors Inc. now owns 11,650 shares of the company’s stock valued at $547,000 after buying an additional 335 shares during the period. Finally, Lincoln Capital Corp lifted its position in Service Co. International by 0.5% during the first quarter. Lincoln Capital Corp now owns 89,030 shares of the company’s stock valued at $3,575,000 after buying an additional 437 shares during the period. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Company Profile

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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