Service Co. International (NYSE:SCI) Releases FY 2021 Earnings Guidance

Service Co. International (NYSE:SCI) issued an update on its FY 2021 earnings guidance on Monday morning. The company provided EPS guidance of 2.700-3.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.680. The company issued revenue guidance of -.

Shares of NYSE SCI traded down $0.45 during trading on Tuesday, hitting $53.27. The company had a trading volume of 8,097 shares, compared to its average volume of 979,899. The business’s 50-day moving average is $53.08 and its 200 day moving average is $50.49. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.55 and a current ratio of 0.59. Service Co. International has a 52 week low of $36.38 and a 52 week high of $56.74. The company has a market cap of $8.96 billion, a P/E ratio of 21.07, a PEG ratio of 1.62 and a beta of 0.69.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Sunday, May 2nd. The company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.33. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $955.77 million. Service Co. International had a net margin of 13.62% and a return on equity of 24.63%. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, research analysts expect that Service Co. International will post 2.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, June 14th. Service Co. International’s dividend payout ratio is currently 44.21%.

Service Co. International declared that its Board of Directors has approved a share buyback plan on Wednesday, May 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Separately, Oppenheimer increased their price target on shares of Service Co. International from $54.00 to $59.00 in a research report on Monday, May 10th.

In other news, insider Tammy R. Moore sold 3,689 shares of the firm’s stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $56.51, for a total transaction of $208,465.39. Following the completion of the sale, the insider now owns 38,616 shares of the company’s stock, valued at $2,182,190.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan R. Buckwalter III sold 8,022 shares of the firm’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $48.51, for a total transaction of $389,147.22. Following the sale, the director now directly owns 86,393 shares of the company’s stock, valued at approximately $4,190,924.43. The disclosure for this sale can be found here. Insiders sold 51,711 shares of company stock valued at $2,838,013 in the last three months. Company insiders own 4.70% 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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