A number of other equities research analysts have also weighed in on SCI. Zacks Investment Research upgraded Service Co. International from a sell rating to a hold rating and set a $40.00 price objective on the stock in a research report on Saturday, October 28th. Credit Suisse Group restated an outperform rating and set a $40.00 price objective (up previously from $38.00) on shares of Service Co. International in a research report on Friday, November 3rd. Off Wall Street initiated coverage on Service Co. International in a research report on Friday, December 15th. They set a sell rating on the stock. Oppenheimer restated a buy rating and set a $42.00 price objective on shares of Service Co. International in a research report on Thursday, January 18th. Finally, Deutsche Bank upped their price target on Service Co. International from $40.00 to $42.00 and gave the company a buy rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $43.60.
Shares of Service Co. International (NYSE:SCI) opened at $38.13 on Wednesday. The firm has a market capitalization of $7,054.39, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.74 and a beta of 0.95. Service Co. International has a 52-week low of $30.02 and a 52-week high of $40.28. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 2.22.
Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $812.73 million for the quarter, compared to analyst estimates of $823.66 million. Service Co. International had a return on equity of 23.68% and a net margin of 17.66%. During the same quarter in the previous year, the company posted $0.47 EPS. analysts forecast that Service Co. International will post 1.81 earnings per share for the current fiscal year.
Service Co. International announced that its board has approved a share repurchase plan on Tuesday, February 13th that authorizes the company to repurchase $298.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, March 14th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.15. Service Co. International’s payout ratio is 21.05%.
In other Service Co. International news, Director Tony Coelho sold 3,110 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $39.11, for a total value of $121,632.10. Following the sale, the director now owns 63,240 shares in the company, valued at approximately $2,473,316.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider R L. Waltrip sold 84,679 shares of the company’s 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 sale, the insider now owns 765,762 shares in the company, valued at approximately $29,022,379.80. The disclosure for this sale can be found here. Insiders sold a total of 134,789 shares of company stock worth $5,006,046 in the last quarter. Corporate insiders own 6.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board bought a new stake in shares of Service Co. International in the 3rd quarter valued at about $4,806,000. Russell Investments Group Ltd. grew its position in shares of Service Co. International by 284.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 257,164 shares of the company’s stock valued at $8,872,000 after buying an additional 190,334 shares during the last quarter. Contravisory Investment Management Inc. grew its position in shares of Service Co. International by 118,665.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 98,575 shares of the company’s stock valued at $3,679,000 after buying an additional 98,492 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in shares of Service Co. International by 58.5% during the 3rd quarter. Rothschild Asset Management Inc. now owns 834,092 shares of the company’s stock valued at $28,776,000 after purchasing an additional 307,915 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Service Co. International by 4.6% during the 3rd quarter. Nordea Investment Management AB now owns 62,639 shares of the company’s stock valued at $2,161,000 after purchasing an additional 2,734 shares in the last quarter. Hedge funds and other institutional investors own 82.94% of the company’s stock.
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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