Service Corporation International (NYSE:SCI) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Service Corporation International (NYSE:SCI) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued an overweight rating and a $110.00 price objective on the stock.

Several other research analysts have also weighed in on the stock. Weiss Ratings lowered shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. UBS Group lifted their price target on Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.50.

Service Corporation International Trading Down 0.9%

Shares of SCI opened at $80.99 on Tuesday. The company has a market capitalization of $11.35 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.79 and a beta of 0.99. Service Corporation International has a one year low of $71.75 and a one year high of $85.00. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.52 and a current ratio of 0.56. The stock has a 50-day moving average price of $78.96 and a 200 day moving average price of $79.88.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Service Corporation International had a return on equity of 33.60% and a net margin of 12.46%.Service Corporation International’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. Sell-side analysts forecast that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Service Corporation International’s payout ratio is 36.66%.

Insider Transactions at Service Corporation International

In other Service Corporation International news, VP Elisabeth G. Nash sold 42,400 shares of Service Corporation International stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $76.32, for a total value of $3,235,968.00. Following the completion of the transaction, the vice president directly owned 110,006 shares in the company, valued at $8,395,657.92. The trade was a 27.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Sumner J. Waring III sold 30,300 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $83.14, for a total value of $2,519,142.00. Following the sale, the president owned 295,192 shares in the company, valued at $24,542,262.88. The trade was a 9.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Service Corporation International

Hedge funds have recently made changes to their positions in the business. Marshall Wace LLP boosted its position in shares of Service Corporation International by 1,629.2% during the second quarter. Marshall Wace LLP now owns 416,571 shares of the company’s stock worth $33,909,000 after buying an additional 392,480 shares during the period. Goldman Sachs Group Inc. boosted its position in Service Corporation International by 48.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock worth $33,474,000 after acquiring an additional 136,770 shares during the period. 8 Knots Management LLC bought a new position in shares of Service Corporation International in the third quarter worth $6,996,000. AGF Management Ltd. acquired a new position in shares of Service Corporation International during the second quarter valued at $3,171,000. Finally, Royal Bank of Canada raised its stake in shares of Service Corporation International by 38.8% during the first quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock valued at $9,775,000 after purchasing an additional 34,051 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.