$0.36 Earnings Per Share Expected for Service Co. International (SCI) This Quarter

Equities analysts expect that Service Co. International (NYSE:SCI) will report earnings of $0.36 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Service Co. International’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. Service Co. International posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, October 29th.

On average, analysts expect that Service Co. International will report full-year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.84 to $1.86. For the next financial year, analysts expect that the company will report earnings of $2.00 per share, with EPS estimates ranging from $1.98 to $2.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Service Co. International.

Service Co. International (NYSE:SCI) last announced its earnings results on Monday, July 30th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The business had revenue of $796.09 million during the quarter, compared to the consensus estimate of $792.56 million. Service Co. International had a return on equity of 23.37% and a net margin of 15.59%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS.

Several brokerages have recently weighed in on SCI. Zacks Investment Research raised Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, August 2nd. ValuEngine raised Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Finally, Credit Suisse Group increased their price objective on Service Co. International from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Service Co. International has a consensus rating of “Buy” and a consensus price target of $45.00.

In related news, VP Steven A. Tidwell sold 32,150 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $41.80, for a total value of $1,343,870.00. Following the completion of the transaction, the vice president now directly owns 78,747 shares of the company’s stock, valued at approximately $3,291,624.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael R. Webb sold 214,000 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $38.79, for a total value of $8,301,060.00. Following the completion of the transaction, the insider now directly owns 386,735 shares of the company’s stock, valued at $15,001,450.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 845,985 shares of company stock valued at $33,859,909. 6.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Fort L.P. acquired a new stake in shares of Service Co. International in the 2nd quarter worth $120,000. Hirtle Callaghan & Co LLC acquired a new stake in shares of Service Co. International in the 2nd quarter worth $161,000. Cerebellum GP LLC acquired a new stake in shares of Service Co. International in the 2nd quarter worth $176,000. TLP Group LLC increased its stake in shares of Service Co. International by 46,069.2% in the 1st quarter. TLP Group LLC now owns 6,002 shares of the company’s stock worth $227,000 after acquiring an additional 5,989 shares during the last quarter. Finally, AMP Capital Investors Ltd acquired a new stake in shares of Service Co. International in the 2nd quarter worth $243,000. 85.55% of the stock is owned by institutional investors and hedge funds.

Shares of SCI stock traded down $0.24 during trading hours on Friday, hitting $43.92. 26,566 shares of the company’s stock were exchanged, compared to its average volume of 1,125,191. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.56 and a quick ratio of 0.51. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.92 and a beta of 0.96. Service Co. International has a fifty-two week low of $33.16 and a fifty-two week high of $44.53.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a $0.18 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.64%. The ex-dividend date was Thursday, September 13th. Service Co. International’s dividend payout ratio is currently 43.87%.

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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