Service Co. International (NYSE:SCI) Releases Q4 2024 Earnings Guidance

Service Co. International (NYSE:SCI) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.000-1.100 for the period, compared to the consensus earnings per share estimate of 0.770. The company issued revenue guidance of -. Service Co. International also updated its FY 2024 guidance to 3.470-3.570 EPS.

Service Co. International Price Performance

Service Co. International stock traded down $0.28 during midday trading on Wednesday, hitting $76.18. 1,065,430 shares of the company’s stock were exchanged, compared to its average volume of 897,626. The company has a market cap of $11.09 billion, a P/E ratio of 21.97, a PEG ratio of 2.17 and a beta of 0.84. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a 50-day moving average price of $77.46 and a two-hundred day moving average price of $73.96. Service Co. International has a 52-week low of $52.89 and a 52-week high of $81.32.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $0.83 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. Service Co. International’s payout ratio is 34.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Insider Transactions at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.