News stories about Service Co. International (NYSE:SCI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Service Co. International earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.9680025920506 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Service Co. International (SCI) Expected to Announce Quarterly Sales of $809.71 Million (americanbankingnews.com)
- Service Co. International (SCI) Expected to Post Earnings of $0.40 Per Share (americanbankingnews.com)
- Service Co. International (SCI) to Repurchase $298.00 million in Outstanding Shares (americanbankingnews.com)
- Service Co. International (SCI) Given New $42.00 Price Target at Deutsche Bank (americanbankingnews.com)
- Service Corp International (SCI) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
Service Co. International (NYSE SCI) traded up $0.25 during trading on Friday, hitting $38.85. The company had a trading volume of 1,075,796 shares, compared to its average volume of 1,563,158. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.58 and a quick ratio of 0.65. Service Co. International has a fifty-two week low of $30.02 and a fifty-two week high of $40.28. The company has a market capitalization of $7,141.34, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from Service Co. International’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 14th. Service Co. International’s payout ratio is currently 21.05%.
Service Co. International declared that its board has initiated a share buyback plan on Tuesday, February 13th that allows the company to repurchase $298.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
A number of research analysts have issued reports on SCI shares. Off Wall Street started coverage on Service Co. International in a report on Friday, December 15th. They set a “sell” rating for the company. Credit Suisse Group lifted their price objective on Service Co. International from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Oppenheimer reissued a “buy” rating and set a $42.00 price objective on shares of Service Co. International in a report on Thursday, January 18th. Deutsche Bank lifted their price objective on Service Co. International from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.50.
In related news, VP Elisabeth G. Nash sold 47,000 shares of Service Co. International stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.64, for a total value of $1,675,080.00. Following the completion of the transaction, the vice president now directly owns 164,441 shares of the company’s stock, valued at $5,860,677.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R L. Waltrip sold 84,679 shares of Service Co. International stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.90, for a total value of $3,209,334.10. Following the completion of the transaction, the insider now directly owns 765,762 shares of the company’s stock, valued at $29,022,379.80. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.
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Service Co. 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 include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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