Equities research analysts predict that Service Co. International (NYSE:SCI) will post sales of $844.30 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Service Co. International’s earnings. The highest sales estimate is $845.90 million and the lowest is $842.70 million. Service Co. International reported sales of $820.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The company is expected to announce its next earnings results on Monday, February 17th.
According to Zacks, analysts expect that Service Co. International will report full-year sales of $3.22 billion for the current year, with estimates ranging from $3.22 billion to $3.23 billion. For the next financial year, analysts forecast that the business will post sales of $3.32 billion, with estimates ranging from $3.29 billion to $3.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Service Co. International.
Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Service Co. International had a net margin of 12.98% and a return on equity of 19.90%. The company had revenue of $769.20 million during the quarter, compared to analysts’ expectations of $790.05 million. During the same period last year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year.
Several research analysts have commented on the company. Zacks Investment Research lowered Service Co. International from a “hold” rating to a “sell” rating and set a $47.00 price objective on the stock. in a research report on Monday, December 9th. ValuEngine lowered Service Co. International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $52.00 target price on shares of Service Co. International in a research report on Monday, November 4th.
NYSE:SCI opened at $48.50 on Friday. The business’s 50-day moving average is $45.78 and its two-hundred day moving average is $46.13. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.63 and a quick ratio of 0.58. Service Co. International has a 12 month low of $38.92 and a 12 month high of $48.73. The firm has a market capitalization of $8.86 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, December 12th. Service Co. International’s payout ratio is 40.22%.
In other news, VP Elisabeth G. Nash sold 47,600 shares of Service Co. International stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $44.26, for a total transaction of $2,106,776.00. Following the sale, the vice president now directly owns 167,918 shares of the company’s stock, valued at $7,432,050.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. increased its holdings in Service Co. International by 3.7% in the third quarter. Oppenheimer & Co. Inc. now owns 24,064 shares of the company’s stock valued at $1,151,000 after buying an additional 850 shares during the last quarter. BlackRock Inc. boosted its position in shares of Service Co. International by 0.6% during the second quarter. BlackRock Inc. now owns 16,219,458 shares of the company’s stock worth $758,745,000 after buying an additional 102,413 shares during the period. First Trust Advisors LP boosted its position in shares of Service Co. International by 148.2% during the third quarter. First Trust Advisors LP now owns 200,544 shares of the company’s stock worth $9,588,000 after buying an additional 119,749 shares during the period. Mackenzie Financial Corp boosted its position in shares of Service Co. International by 77.1% during the second quarter. Mackenzie Financial Corp now owns 1,441,570 shares of the company’s stock worth $67,437,000 after buying an additional 627,607 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Service Co. International by 55.0% during the third quarter. Penserra Capital Management LLC now owns 1,573 shares of the company’s stock worth $75,000 after buying an additional 558 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.
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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