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

Service Co. International (NYSE:SCI) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.00-1.10 for the period, compared to the consensus earnings per share estimate of $1.07.

Service Co. International Trading Down 0.3 %

NYSE:SCI traded down $0.25 on Wednesday, reaching $76.21. 1,065,405 shares of the stock traded hands, compared to its average volume of 897,626. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. Service Co. International has a 1-year low of $52.89 and a 1-year high of $81.32. The company’s 50 day moving average is $77.46 and its 200-day moving average is $73.96. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 2.17 and a beta of 0.84.

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). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. Equities research analysts anticipate that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Dividend Announcement

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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Analyst Ratings Changes

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

Insider Buying and Selling

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