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

Service Co. International (NYSE:SCI) issued an update on its FY 2018 earnings guidance on Monday morning. 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.

Shares of SCI traded down $0.36 during mid-day trading on Wednesday, reaching $40.67. The company had a trading volume of 70,347 shares, compared to its average volume of 1,264,776. The firm has a market cap of $7.74 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96. Service Co. International has a fifty-two week low of $33.45 and a fifty-two week high of $44.53. The company has a quick ratio of 0.51, a current ratio of 0.56 and a debt-to-equity ratio of 2.37.

Service Co. International (NYSE:SCI) last announced 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 analyst estimates of $762.60 million. Service Co. International had a net margin of 15.76% and a return on equity of 22.56%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. As a group, equities research analysts anticipate that Service Co. International will post 1.85 earnings per share for the current year.



Several equities analysts recently weighed in on the stock. Oppenheimer lifted their target price on shares of Service Co. International from $42.00 to $47.00 and gave the company an outperform rating in a report on Friday, October 26th. Credit Suisse Group lifted their target price on shares of Service Co. International from $46.00 to $50.00 and gave the company an outperform rating in a report on Monday, September 17th. Zacks Investment Research upgraded shares of Service Co. International from a hold rating to a buy rating and set a $43.00 target price on the stock in a report on Thursday, August 2nd. Finally, ValuEngine upgraded shares of Service Co. International from a hold rating to a buy rating in a report on Monday, September 17th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Service Co. International has an average rating of Buy and an average target price of $46.00.

In other Service Co. International news, VP Steven A. Tidwell sold 32,150 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $41.80, for a total value of $1,343,870.00. Following the transaction, the vice president now owns 78,747 shares in the company, valued at approximately $3,291,624.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Blair Waltrip sold 50,000 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $42.50, for a total transaction of $2,125,000.00. Following the completion of the transaction, the director now owns 616,244 shares in the company, valued at approximately $26,190,370. The disclosure for this sale can be found here. Insiders have sold a total of 838,150 shares of company stock worth $33,550,270 in the last 90 days. Company insiders own 6.60% of the company’s stock.

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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