Service Co. International (SCI) Trading Down 6.5% After Earnings Miss

Service Co. International (NYSE:SCI) dropped 6.5% during trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $41.44 and last traded at $42.99. Approximately 2,726,245 shares were traded during trading, an increase of 219% from the average daily volume of 854,468 shares. The stock had previously closed at $45.97.

The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The business had revenue of $820.81 million for the quarter, compared to analysts’ expectations of $843.45 million. Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS.

SCI has been the topic of several research reports. Oppenheimer raised their target price on Service Co. International from $42.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. Raymond James raised their target price on Service Co. International from $45.00 to $47.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research restated a “sell” rating on shares of Service Co. International in a research report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. Service Co. International currently has an average rating of “Buy” and an average target price of $47.00.



In other news, VP Steven A. Tidwell sold 9,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $45.90, for a total value of $426,870.00. Following the transaction, the vice president now owns 55,897 shares in the company, valued at $2,565,672.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.60% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA increased its holdings in shares of Service Co. International by 45.8% in the third quarter. Glenmede Trust Co. NA now owns 179,118 shares of the company’s stock valued at $7,916,000 after purchasing an additional 56,308 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Service Co. International by 7.8% in the third quarter. Victory Capital Management Inc. now owns 114,662 shares of the company’s stock valued at $5,068,000 after purchasing an additional 8,254 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Service Co. International by 19.2% in the third quarter. Riverhead Capital Management LLC now owns 24,783 shares of the company’s stock valued at $1,096,000 after purchasing an additional 4,000 shares during the last quarter. US Bancorp DE increased its holdings in shares of Service Co. International by 8.2% in the third quarter. US Bancorp DE now owns 41,421 shares of the company’s stock valued at $1,831,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of Service Co. International by 105.3% in the third quarter. Virginia Retirement Systems ET AL now owns 34,900 shares of the company’s stock valued at $1,543,000 after purchasing an additional 17,900 shares during the last quarter. 88.75% of the stock is owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of 2.38, a current ratio of 0.54 and a quick ratio of 0.49. The company has a market capitalization of $8.32 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10.

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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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