Service Corporation International (NYSE:SCI) Posts Earnings Results

Service Corporation International (NYSE:SCI) released its earnings results on Wednesday. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.02), FiscalAI reports. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%.

Service Corporation International Trading Down 0.3%

Shares of SCI stock traded down $0.23 on Wednesday, hitting $82.28. 1,363,213 shares of the stock traded hands, compared to its average volume of 1,191,934. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99. The stock has a market capitalization of $11.21 billion, a PE ratio of 21.48, a PEG ratio of 1.85 and a beta of 0.81. The firm’s 50-day moving average price is $80.31 and its two-hundred day moving average price is $80.01. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53.

Service Corporation International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.44 annualized dividend and a dividend yield of 1.8%. Service Corporation International’s payout ratio is presently 37.60%.

Analysts Set New Price Targets

SCI has been the subject of several recent research reports. UBS Group increased their price objective on Service Corporation International from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Service Corporation International from a “sell” rating to a “hold” rating in a research note on Sunday, September 20th. Finally, Weiss Ratings raised shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, Service Corporation International has an average rating of “Buy” and a consensus target price of $100.67.

Insider Activity at Service Corporation International

In other news, CEO Thomas Ryan sold 253,391 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the completion of the transaction, the chief executive officer directly owned 1,006,212 shares in the company, valued at approximately $85,779,573. This represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by company insiders.

About Service Corporation International

Service Corporation International (NYSE:SCI) is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.