Service Co. International Announces Quarterly Dividend of $0.18 (NYSE:SCI)

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Service Co. International (NYSE:SCI) announced a quarterly dividend on Wednesday, November 13th, RTT News reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.18 per share on Tuesday, December 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.64%.

Service Co. International stock opened at $43.78 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.63 and a quick ratio of 0.58. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.89. The firm has a 50 day simple moving average of $45.89 and a 200-day simple moving average of $45.69. Service Co. International has a 1-year low of $37.52 and a 1-year high of $48.69.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.01). The company had revenue of $769.20 million for the quarter, compared to analysts’ expectations of $790.05 million. Service Co. International had a return on equity of 19.90% and a net margin of 12.98%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. Equities analysts expect that Service Co. International will post 1.9 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Raymond James increased their price objective on shares of Service Co. International from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. ValuEngine lowered shares of Service Co. International from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $52.00 target price on shares of Service Co. International in a report on Monday, November 4th.

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $47.45, for a total transaction of $2,372,500.00. Following the sale, the chief executive officer now directly owns 1,072,809 shares in the company, valued at approximately $50,904,787.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tammy R. Moore sold 12,698 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $47.29, for a total transaction of $600,488.42. Following the sale, the insider now owns 32,763 shares in the company, valued at $1,549,362.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 438,698 shares of company stock worth $20,737,089. 5.50% of the stock is owned by company insiders.

Service Co. International declared that its board has authorized a share buyback program on Wednesday, August 14th that authorizes the company to buyback $246.00 million in shares. This buyback authorization authorizes the company to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Service Co. International Company Profile

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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Dividend History for Service Co. International (NYSE:SCI)

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