Service Co. International (NYSE:SCI) VP Elisabeth G. Nash sold 53,600 shares of the stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $44.47, for a total transaction of $2,383,592.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
SCI opened at $44.29 on Friday. Service Co. International has a 1-year low of $34.96 and a 1-year high of $45.42. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.49 and a current ratio of 0.54. The company has a market capitalization of $8.08 billion, a PE ratio of 28.57, a P/E/G ratio of 1.97 and a beta of 1.03.
Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $778.80 million during the quarter, compared to the consensus estimate of $762.60 million. Service Co. International had a net margin of 15.76% and a return on equity of 22.47%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. On average, analysts expect that Service Co. International will post 1.82 earnings per share for the current year.
SCI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday, August 2nd. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Credit Suisse Group raised their price target on shares of Service Co. International from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Oppenheimer raised their price target on shares of Service Co. International from $42.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Finally, Raymond James raised their price target on shares of Service Co. International from $45.00 to $47.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $46.17.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA raised its holdings in Service Co. International by 45.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 179,118 shares of the company’s stock valued at $7,916,000 after buying an additional 56,308 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Service Co. International by 1.4% in the 3rd quarter. Macquarie Group Ltd. now owns 1,329,128 shares of the company’s stock valued at $58,747,000 after buying an additional 18,100 shares during the last quarter. Mackenzie Financial Corp bought a new position in Service Co. International in the 3rd quarter valued at approximately $227,000. DF Dent & Co. Inc. bought a new position in Service Co. International in the 3rd quarter valued at approximately $270,000. Finally, Thrivent Financial for Lutherans raised its holdings in Service Co. International by 3.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 43,149 shares of the company’s stock valued at $1,907,000 after buying an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 86.15% of the company’s stock.
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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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