Service Co. International (NYSE:SCI) announced its quarterly earnings results on Tuesday. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05, Bloomberg Earnings reports. Service Co. International had a return on equity of 24.66% and a net margin of 17.66%. The company had revenue of $812.73 million during the quarter, compared to analysts’ expectations of $823.66 million. During the same period in the prior year, the company earned $0.47 EPS. Service Co. International updated its FY18 guidance to $1.72-1.90 EPS.
Shares of Service Co. International (NYSE:SCI) opened at $37.62 on Thursday. The firm has a market capitalization of $7,058.25, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.96 and a beta of 0.95. Service Co. International has a 1-year low of $30.02 and a 1-year high of $40.28. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.81%. This is an increase from Service Co. International’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 14th. Service Co. International’s dividend payout ratio is presently 21.05%.
In related news, VP Elisabeth G. Nash sold 47,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.64, for a total value of $1,675,080.00. Following the completion of the sale, the vice president now directly owns 164,441 shares in the company, valued at $5,860,677.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R L. Waltrip sold 84,679 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $37.90, for a total value of $3,209,334.10. Following the completion of the sale, the insider now owns 765,762 shares of the company’s stock, valued at $29,022,379.80. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Service Co. International (SCI) Releases Earnings Results, Beats Estimates By $0.05 EPS” was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://weekherald.com/2018/02/15/service-co-international-sci-releases-earnings-results-beats-estimates-by-0-05-eps.html.
Service Co. 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.
Receive News & Ratings for Service Co. International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Co. International and related companies with MarketBeat.com's FREE daily email newsletter.