Service Co. International (NYSE:SCI) is expected to post earnings of $1.00 per share

Analysts expect Service Co. International (NYSE:SCI) to post earnings per share of $1.00 for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for Service Co. International, with the highest EPS estimate of $1.17 and the lowest estimate of $0.90. Service Co. International posted earnings per share of $1.13 in the same quarter last year, indicating a negative 11.5% year-over-year growth rate. The company is due to announce its next results on Monday, February 21.

On average, analysts expect Service Co. International to report annual earnings of $4.41 per share for the current fiscal year, with EPS estimates ranging from $4.31 to $4.58. For the next fiscal year, analysts expect the company to post earnings of $2.82 per share, with EPS estimates ranging from $2.75 to $2.90. Zacks Investment Research’s EPS calculations are an average average based on a survey of research analysts who provide coverage for Service Co. International.

Service Co. International (NYSE:SCI) last released its results on Wednesday, October 27. The company reported earnings per share of $1.16 for the quarter, beating analyst consensus estimates of $0.60 by $0.56. Service Co. International had a return on equity of 41.84% and a net margin of 19.59%. The company posted revenue of $1.03 billion for the quarter, versus a consensus estimate of $876.47 million. In the same quarter of the previous year, the company had achieved EPS of $0.79. The company’s revenue for the quarter increased 12.7% year over year.

Several research companies have recently weighed in on SCI. Credit Suisse Group raised its price target on Service Co. International from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 29. Oppenheimer raised its price target on Service Co. International from $72.00 to $75.00 and gave the stock an “outperform” rating in a Wednesday, Jan. 19 research note. Finally, Raymond James raised its price target on Service Co. International from $70.00 to $75.00 and gave the stock an “outperform” rating in a Friday, October 29 research note.

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This emerging biotechnology company is working to create value for shareholders!

In other Service Co. International news, CEO Thomas L. Ryan sold 75,000 shares in a trade on Tuesday, November 16. The stock was sold at an average price of $68.82, for a total transaction of $5,161,500.00. The sale was disclosed in a filing with the SEC, which is available via this link. Additionally, CFO Eric D. Tanzberger sold 9,000 shares in a trade on Tuesday, November 16. The shares were sold at an average price of $68.00, for a total value of $612,000.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 103,371 shares of the company worth $7,105,092. Insiders of the company hold 5.20% of the shares of the company.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Barclays PLC increased its equity stake in Service Co. International by 92.7% during the third quarter. Barclays PLC now owns 280,591 shares in the company valued at $16,907,000 after purchasing an additional 134,962 shares during the period. Dimensional Fund Advisors LP increased its stake in Service Co. International by 0.6% in Q2. Dimensional Fund Advisors LP now owns 1,717,112 shares of the company worth $92,020,000 after purchasing an additional 10,660 shares during the period. Three Peaks Capital Management LLC increased its stake in Service Co. International by 5.1% in Q3. Three Peaks Capital Management LLC now owns 50,922 shares of the company worth $3,069,000 after purchasing an additional 2,491 shares during the period. Metropolitan Life Insurance Co NY increased its stake in Service Co. International by 109,134.5% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 31,678 shares of the company worth $1,698,000 after purchasing an additional 31,649 shares during the period. Finally, Rheos Capital Works Inc. increased its stake in Service Co. International by 172.2% in the third quarter. Rheos Capital Works Inc. now owns 245,000 shares of the company worth $14,764,000 after purchasing an additional 155,000 shares during the period. 81.29% of the shares are currently held by hedge funds and other institutional investors.

SCI Stock opened at $58.99 on Friday. Service Co. International has a fifty-two week minimum of $45.63 and a fifty-two week maximum of $71.71. The company’s 50-day moving average price is $67.07 and its two-hundred-day moving average price is $64.24. The company has a debt ratio of 1.94, a quick ratio of 0.76 and a current ratio of 0.79. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 12.74, a growth price-to-earnings ratio of 3.23 and a beta of 0.71.

Service Co. International announced that its board of directors approved a stock repurchase plan on Wednesday, November 10 that allows the company to repurchase $400.00 million of outstanding stock. This repurchase authorization allows the company to repurchase up to 3.6% of its shares through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, December 31. Investors of record on Wednesday, December 15 received a dividend of $0.23. The ex-dividend date was Tuesday, December 14. This represents an annualized dividend of $0.92 and a dividend yield of 1.56%. Service Co. International’s payout ratio is currently 19.87%.

Company Profile Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the following segments: Funerals and Cemeteries. The Funeral segment provides professional services related to funerals and cremations, including the use of funeral facilities and motor vehicles, the organization and direction of services, moving, preparation, embalming, cremations , commemoration and restoration.

See also: Conference calls and individual investors

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