Service Co. International (NYSE:SCI) Expected to Post Quarterly Sales of $784.65 Million

Equities analysts expect Service Co. International (NYSE:SCI) to post $784.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Service Co. International’s earnings, with the lowest sales estimate coming in at $783.20 million and the highest estimate coming in at $786.10 million. Service Co. International posted sales of $778.79 million during the same quarter last year, which suggests a positive year over year growth rate of 0.8%. The firm is scheduled to announce its next earnings report on Monday, November 4th.

On average, analysts expect that Service Co. International will report full year sales of $3.26 billion for the current year, with estimates ranging from $3.25 billion to $3.26 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.34 billion, with estimates ranging from $3.33 billion to $3.35 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Service Co. International.

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



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

Shares of SCI traded up $0.83 during midday trading on Friday, hitting $48.03. 1,145,480 shares of the stock were exchanged, compared to its average volume of 1,015,343. Service Co. International has a 52-week low of $37.52 and a 52-week high of $48.54. The stock has a fifty day simple moving average of $46.89 and a 200 day simple moving average of $43.67. The firm has a market cap of $8.63 billion, a P/E ratio of 26.83, a P/E/G ratio of 2.17 and a beta of 0.92. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.60 and a current ratio of 0.64.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. Service Co. International’s dividend payout ratio (DPR) is presently 40.22%.

In other Service Co. International news, Director W Blair Waltrip sold 31,750 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $44.52, for a total value of $1,413,510.00. Following the sale, the director now directly owns 590,544 shares in the company, valued at $26,291,018.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gregory T. Sangalis sold 71,400 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $40.80, for a total value of $2,913,120.00. Following the completion of the sale, the vice president now owns 169,383 shares in the company, valued at $6,910,826.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 546,222 shares of company stock worth $24,322,640. 5.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of SCI. Atlanta Capital Management Co. L L C increased its position in shares of Service Co. International by 52.2% during the second quarter. Atlanta Capital Management Co. L L C now owns 3,580,662 shares of the company’s stock worth $167,503,000 after purchasing an additional 1,227,900 shares in the last quarter. Nuveen Asset Management LLC increased its position in Service Co. International by 2,121.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,070,670 shares of the company’s stock valued at $50,087,000 after acquiring an additional 1,022,470 shares during the period. Laurion Capital Management LP acquired a new position in Service Co. International in the 1st quarter valued at about $40,210,000. State of Wisconsin Investment Board increased its position in Service Co. International by 74.7% in the 1st quarter. State of Wisconsin Investment Board now owns 1,637,721 shares of the company’s stock valued at $65,754,000 after acquiring an additional 700,261 shares during the period. Finally, Mackenzie Financial Corp increased its position in Service Co. International by 77.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,441,570 shares of the company’s stock valued at $67,437,000 after acquiring an additional 627,607 shares during the period. Institutional investors and hedge funds own 86.94% 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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