Wall Street analysts forecast that Service Co. International (NYSE:SCI) will post earnings per share of $0.60 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Service Co. International’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.61. Service Co. International reported earnings of $0.54 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, February 17th.
On average, analysts expect that Service Co. International will report full-year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.91. For the next fiscal year, analysts anticipate that the company will report earnings of $2.11 per share, with EPS estimates ranging from $2.06 to $2.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Service Co. International.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Service Co. International from a “hold” rating to a “sell” rating and set a $47.00 price objective for the company. in a research report on Monday, December 9th. Credit Suisse Group reissued a “buy” rating and issued a $52.00 price objective on shares of Service Co. International in a research report on Monday, November 4th.
In other news, VP Elisabeth G. Nash sold 47,600 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $44.26, for a total value of $2,106,776.00. Following the completion of the sale, the vice president now owns 167,918 shares in the company, valued at approximately $7,432,050.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in shares of Service Co. International in the 4th quarter valued at about $151,000. Captrust Financial Advisors raised its holdings in shares of Service Co. International by 182.2% in the 4th quarter. Captrust Financial Advisors now owns 15,357 shares of the company’s stock valued at $709,000 after purchasing an additional 9,915 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Service Co. International in the 4th quarter valued at about $1,743,000. Blueshift Asset Management LLC raised its holdings in shares of Service Co. International by 227.0% in the 4th quarter. Blueshift Asset Management LLC now owns 46,044 shares of the company’s stock valued at $2,119,000 after purchasing an additional 31,962 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in shares of Service Co. International by 5.1% in the 4th quarter. First Republic Investment Management Inc. now owns 19,553 shares of the company’s stock valued at $900,000 after purchasing an additional 952 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.
Service Co. International stock traded up $1.32 during trading hours on Friday, hitting $49.96. The company had a trading volume of 1,302,900 shares, compared to its average volume of 671,777. The firm has a market cap of $8.67 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.00 and a beta of 0.87. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.58 and a current ratio of 0.63. Service Co. International has a 1 year low of $38.92 and a 1 year high of $50.10. The company has a 50-day moving average price of $47.49 and a two-hundred day moving average price of $46.25.
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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