Brokerages Anticipate Service Co. International (NYSE:SCI) Will Post Earnings of $0.38 Per Share

Wall Street brokerages predict that Service Co. International (NYSE:SCI) will announce $0.38 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Service Co. International’s earnings, with estimates ranging from $0.35 to $0.40. Service Co. International reported earnings of $0.35 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 30th.

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

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

A number of research analysts have recently weighed in on the stock. Raymond James raised their price objective 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. ValuEngine cut shares of Service Co. International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Shares of SCI traded down $0.12 during mid-day trading on Wednesday, reaching $46.55. 246,792 shares of the company’s stock were exchanged, compared to its average volume of 781,453. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 1.99. The company has a 50-day simple moving average of $46.79 and a two-hundred day simple moving average of $45.20. Service Co. International has a 52-week low of $37.52 and a 52-week high of $48.69. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.14 and a beta of 0.90.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.72 annualized dividend and a yield of 1.55%. Service Co. International’s payout ratio is currently 40.22%.

Service Co. International announced that its board has approved a stock buyback program on Wednesday, August 14th that permits the company to repurchase $246.00 million in shares. This repurchase authorization permits the company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In other Service Co. International news, insider Tammy R. Moore sold 51,600 shares of Service Co. International stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $46.83, for a total value of $2,416,428.00. Following the transaction, the insider now owns 62,163 shares in the company, valued at approximately $2,911,093.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tammy R. Moore sold 12,698 shares of Service Co. International stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $47.29, for a total transaction of $600,488.42. Following the completion of the transaction, the insider now owns 32,763 shares in the company, valued at approximately $1,549,362.27. The disclosure for this sale can be found here. Insiders sold a total of 575,633 shares of company stock valued at $27,215,196 over the last ninety days. 5.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jennison Associates LLC lifted its holdings in Service Co. International by 4.3% in the 2nd quarter. Jennison Associates LLC now owns 5,221 shares of the company’s stock worth $244,000 after buying an additional 214 shares in the last quarter. Homrich & Berg lifted its holdings in Service Co. International by 5.7% in the 2nd quarter. Homrich & Berg now owns 5,598 shares of the company’s stock worth $262,000 after buying an additional 300 shares in the last quarter. Profund Advisors LLC lifted its holdings in Service Co. International by 1.5% in the 2nd quarter. Profund Advisors LLC now owns 20,404 shares of the company’s stock worth $954,000 after buying an additional 300 shares in the last quarter. Coastal Investment Advisors Inc. lifted its holdings in Service Co. International by 3.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 11,650 shares of the company’s stock worth $547,000 after buying an additional 335 shares in the last quarter. Finally, Colony Group LLC lifted its holdings in Service Co. International by 4.5% in the 2nd quarter. Colony Group LLC now owns 7,837 shares of the company’s stock worth $367,000 after buying an additional 335 shares in the last quarter. Institutional investors own 88.06% 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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