Equities research analysts expect Service Co. International (NYSE:SCI) to report $784.65 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Service Co. International’s earnings. The highest sales estimate is $786.10 million and the lowest is $783.20 million. Service Co. International posted sales of $778.79 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, October 30th.
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 financial year, analysts anticipate that the company will post 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 sell-side analysts that cover Service Co. International.
Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $811.01 million. During the same period in the previous year, the business earned $0.44 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis.
Shares of Service Co. International stock traded down $0.36 during trading hours on Friday, hitting $45.94. The company’s stock had a trading volume of 714,700 shares, compared to its average volume of 950,545. The business has a 50 day moving average price of $46.80 and a two-hundred day moving average price of $45.35. Service Co. International has a 12-month low of $37.52 and a 12-month high of $48.69. The company has a market cap of $8.51 billion, a PE ratio of 25.66, a PEG ratio of 2.14 and a beta of 0.90. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.18 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.57%. Service Co. International’s payout ratio is 40.22%.
Service Co. International declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 14th that allows the company to repurchase $246.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $47.45, for a total value of $2,372,500.00. Following the sale, the chief executive officer now directly owns 1,072,809 shares in the company, valued at $50,904,787.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tammy R. Moore sold 12,698 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $47.29, for a total value of $600,488.42. Following the completion of the sale, the insider now owns 32,763 shares in the company, valued at $1,549,362.27. The disclosure for this sale can be found here. Insiders sold 575,633 shares of company stock worth $27,215,196 over the last quarter. 5.50% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D bought a new position in shares of Service Co. International during the third quarter valued at approximately $8,553,000. Virginia Retirement Systems ET AL grew its stake in shares of Service Co. International by 1.2% during the third quarter. Virginia Retirement Systems ET AL now owns 33,900 shares of the company’s stock valued at $1,621,000 after buying an additional 400 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Service Co. International by 12.3% during the third quarter. Boston Trust Walden Corp now owns 289,123 shares of the company’s stock valued at $13,823,000 after buying an additional 31,721 shares during the last quarter. Kessler Investment Group LLC bought a new position in shares of Service Co. International during the third quarter valued at approximately $67,000. Finally, Tuttle Tactical Management bought a new position in shares of Service Co. International during the third quarter valued at approximately $742,000. Institutional investors own 88.06% 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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