Service Corp. International (NYSE:SCI) – Investment analysts at Oppenheimer Holdings cut their FY2017 earnings per share estimates for Service Corp. International in a research note issued on Friday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the brokerage will earn $1.38 per share for the year, down from their previous estimate of $1.40. Oppenheimer Holdings has a “Outperform” rating and a $32.00 price target on the stock.
A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Service Corp. International from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Wells Fargo & Co. started coverage on Service Corp. International in a research report on Tuesday, August 2nd. They set a “market perform” rating on the stock. Finally, Bank of America Corp. started coverage on Service Corp. International in a research report on Friday, September 30th. They set a “buy” rating and a $32.00 target price on the stock.
Service Corp. International (NYSE:SCI) traded down 0.433% on Monday, reaching $26.415. 134,250 shares of the company’s stock were exchanged. The firm has a market cap of $5.11 billion, a PE ratio of 28.806 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 firm has a 50 day moving average price of $26.46 and a 200 day moving average price of $26.72.
Service Corp. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ 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 the consensus estimate of $766.81 million. During the same quarter last year, the firm earned $0.28 EPS. The company’s revenue was down .4% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.13 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.52 dividend on an annualized basis and a yield of 1.96%. Service Corp. International’s payout ratio is currently 57.14%.
In other Service Corp. International news, CEO Thomas L. Ryan sold 208,444 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $27.05, for a total value of $5,638,410.20. Following the transaction, the chief executive officer now owns 1,283,553 shares in the company, valued at approximately $34,720,108.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Webb sold 93,300 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $26.03, for a total value of $2,428,599.00. Following the completion of the transaction, the insider now owns 514,203 shares in the company, valued at approximately $13,384,704.09. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aviva PLC purchased a new position in shares of Service Corp. International during the second quarter worth $15,748,000. Point72 Asset Management L.P. purchased a new position in shares of Service Corp. International during the second quarter worth $14,666,000. Vanguard Group Inc. raised its position in shares of Service Corp. International by 3.7% in the second quarter. Vanguard Group Inc. now owns 13,487,825 shares of the company’s stock worth $364,712,000 after buying an additional 479,158 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Service Corp. International by 444.4% in the second quarter. BlackRock Advisors LLC now owns 538,891 shares of the company’s stock worth $14,572,000 after buying an additional 439,896 shares during the last quarter. Finally, Sarasin & Partners LLP raised its position 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 worth $75,576,000 after buying an additional 378,243 shares during the last quarter. Institutional investors own 83.22% of the company’s stock.
About Service Corp. International
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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