Service Corporation International (NYSE:SCI) – Equities researchers at Oppenheimer Holdings raised their FY2017 EPS estimates for shares of Service Corporation International in a research report issued on Thursday, according to Zacks Investment Research. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the company will post earnings per share of $1.51 for the year, up from their prior forecast of $1.42. Oppenheimer Holdings currently has a “Buy” rating and a $39.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Service Corporation International’s Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.50 EPS and FY2019 earnings at $1.70 EPS.
Service Corporation International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. The firm had revenue of $731.30 million for the quarter, compared to the consensus estimate of $735.62 million. Service Corporation International had a return on equity of 24.85% and a net margin of 11.83%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share.
ILLEGAL ACTIVITY NOTICE: This story was reported by Week Herald and is the property of of Week Herald. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://weekherald.com/2017/11/15/fy2017-earnings-forecast-for-service-corporation-international-issued-by-oppenheimer-holdings-sci.html.
Several other equities analysts also recently commented on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $40.00 target price (up previously from $38.00) on shares of Service Corporation International in a research report on Friday, November 3rd. Zacks Investment Research raised Service Corporation International from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a research report on Saturday, October 28th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $39.75.
Service Corporation International (NYSE:SCI) opened at $34.79 on Monday. Service Corporation International has a 12-month low of $25.75 and a 12-month high of $36.56. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.70 and a quick ratio of 0.65. The company has a market capitalization of $6,523.96, a P/E ratio of 22.75, a PEG ratio of 2.07 and a beta of 0.96.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, December 14th. Service Corporation International’s dividend payout ratio is currently 31.58%.
In related news, CFO Eric D. Tanzberger sold 187,100 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $34.93, for a total transaction of $6,535,403.00. Following the sale, the chief financial officer now owns 150,217 shares of the company’s stock, valued at $5,247,079.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory T. Sangalis sold 72,300 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $35.40, for a total value of $2,559,420.00. Following the sale, the vice president now directly owns 129,883 shares in the company, valued at approximately $4,597,858.20. The disclosure for this sale can be found here. Insiders have sold 604,800 shares of company stock worth $21,109,153 in the last three months. 6.20% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in Service Corporation International by 2.1% during the second quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock worth $142,000 after purchasing an additional 89 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Service Corporation International by 4.5% during the first quarter. PNC Financial Services Group Inc. now owns 8,677 shares of the company’s stock worth $267,000 after purchasing an additional 375 shares during the last quarter. BB&T Corp lifted its stake in Service Corporation International by 1.7% during the second quarter. BB&T Corp now owns 31,467 shares of the company’s stock worth $1,052,000 after purchasing an additional 529 shares during the last quarter. Comerica Bank lifted its stake in Service Corporation International by 0.4% during the second quarter. Comerica Bank now owns 147,890 shares of the company’s stock worth $5,056,000 after purchasing an additional 544 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Service Corporation International by 1.3% during the second quarter. Arizona State Retirement System now owns 79,300 shares of the company’s stock worth $2,653,000 after purchasing an additional 1,000 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Service Corporation 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Service Corporation International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Corporation International and related companies with MarketBeat.com's FREE daily email newsletter.