Wall Street analysts expect that Service Co. International (NYSE:SCI) will post earnings per share of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Service Co. International’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.44. Service Co. International posted earnings of $0.44 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The company is scheduled to issue its next earnings report on Monday, July 29th.
According to Zacks, analysts expect that Service Co. International will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.96. For the next financial year, analysts anticipate that the company will post earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.15. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Service Co. International.
Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, April 24th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. Service Co. International had a return on equity of 21.13% and a net margin of 13.92%. The firm had revenue of $798.20 million for the quarter, compared to analysts’ expectations of $791.85 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year.
Shares of SCI traded up $0.10 during midday trading on Wednesday, reaching $46.89. 18,812 shares of the company were exchanged, compared to its average volume of 678,854. The company’s 50-day moving average is $46.17. The stock has a market capitalization of $8.53 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92. Service Co. International has a 1-year low of $37.03 and a 1-year high of $47.87. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.44 and a current ratio of 0.48.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, June 13th. Service Co. International’s dividend payout ratio is presently 40.22%.
In other news, CEO Thomas L. Ryan sold 40,000 shares of Service Co. International stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $46.05, for a total transaction of $1,842,000.00. Following the sale, the chief executive officer now directly owns 1,062,809 shares of the company’s stock, valued at $48,942,354.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 100,000 shares of Service Co. International stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $43.83, for a total value of $4,383,000.00. Following the sale, the chief executive officer now directly owns 1,122,809 shares in the company, valued at $49,212,718.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 409,287 shares of company stock worth $17,844,533. 5.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in shares of Service Co. International by 80.5% in the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock valued at $32,000 after acquiring an additional 352 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Service Co. International during the first quarter worth $38,000. Vigilant Capital Management LLC acquired a new position in Service Co. International in the second quarter valued at $44,000. Trustcore Financial Services LLC acquired a new position in shares of Service Co. International during the first quarter worth about $49,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Service Co. International by 414.9% during the first quarter. Quadrant Capital Group LLC now owns 1,385 shares of the company’s stock worth $52,000 after purchasing an additional 1,116 shares in the last quarter. 86.88% of the stock is currently owned by institutional investors and hedge funds.
About Service Co. International
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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