Shares of Service Corp. International (NYSE:SCI) have earned an average broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company. Service Corp. International’s rating score has declined by 50% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price target of $32.00 for the company and are expecting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned Service Corp. International an industry rank of 233 out of 265 based on the ratings given to related companies.
A number of analysts have recently weighed in on the company. Wells Fargo & Co. assumed coverage on Service Corp. International in a research report on Tuesday, August 2nd. They set a “market perform” rating on the stock. Zacks Investment Research upgraded Service Corp. International from a “sell” rating to a “hold” rating in a research report on Saturday, July 30th. Oppenheimer Holdings Inc. increased their price target on Service Corp. International from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Finally, Bank of America Corp. assumed coverage on Service Corp. International in a research report on Friday, September 30th. They set a “buy” rating and a $32.00 price target on the stock.
Service Corp. International (NYSE:SCI) opened at 26.53 on Friday. The firm has a market capitalization of $5.14 billion, a PE ratio of 28.93 and a beta of 0.81. Service Corp. International has a one year low of $20.21 and a one year high of $29.68. The company’s 50-day moving average price is $26.46 and its 200 day moving average price is $26.72.
Service Corp. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Service Corp. International had a net margin of 6.13% and a return on equity of 19.48%. The firm had revenue of $751.70 million for the quarter, compared to analyst estimates of $766.81 million. During the same quarter in the previous year, the company earned $0.28 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts forecast that Service Corp. International will post $1.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.96%. The ex-dividend date was Tuesday, September 13th. Service Corp. International’s payout ratio is 57.14%.
In other news, insider Michael R. Webb sold 93,300 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $26.03, for a total value of $2,428,599.00. Following the sale, the insider now directly owns 514,203 shares of the company’s stock, valued at $13,384,704.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan R. Buckwalter III sold 14,944 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $27.40, for a total value of $409,465.60. Following the completion of the sale, the director now directly owns 109,343 shares in the company, valued at $2,995,998.20. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Sarasin & Partners LLP increased its stake in shares of Service Corp. International by 15.3% in the third quarter. Sarasin & Partners LLP now owns 2,847,626 shares of the company’s stock valued at $75,576,000 after buying an additional 378,243 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Service Corp. International during the third quarter valued at about $422,000. Creative Planning increased its stake in shares of Service Corp. International by 1.6% in the third quarter. Creative Planning now owns 18,811 shares of the company’s stock valued at $499,000 after buying an additional 291 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Service Corp. International during the second quarter valued at about $205,000. Finally, Mason Street Advisors LLC acquired a new stake in shares of Service Corp. International during the second quarter valued at about $2,389,000. 83.22% of the stock is currently owned by institutional investors.
Service Corp. International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments are funeral and cemetery operations. The Company conducts both funeral and cemetery operations in the United States and Canada. It operates over 1,535 funeral service locations and over 470 cemeteries, which are diversified across over 45 states, over eight Canadian provinces, the District of Columbia, and Puerto Rico.
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