Service Co. International (SCI) Expected to Post Earnings of $0.56 Per Share

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Analysts expect that Service Co. International (NYSE:SCI) will report earnings of $0.56 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Service Co. International’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.57. Service Co. International posted earnings per share of $0.50 in the same quarter last year, which suggests a positive year over year growth rate of 12%. The firm is scheduled to report its next earnings results on Tuesday, February 12th.

On average, analysts expect that Service Co. International will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.81 to $1.83. For the next fiscal year, analysts expect that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.98 to $2.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Service Co. International.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The company had revenue of $778.80 million for the quarter, compared to analysts’ expectations of $762.60 million. Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share.

A number of analysts recently issued reports on the stock. Credit Suisse Group increased their target price on shares of Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research raised shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Thursday, August 2nd. Raymond James increased their target price on shares of Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 31st. Finally, Oppenheimer increased their target price on shares of Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $46.17.

In other Service Co. International news, CEO Thomas L. Ryan sold 90,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $41.20, for a total value of $3,708,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Steven A. Tidwell sold 32,150 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $41.80, for a total transaction of $1,343,870.00. Following the completion of the sale, the vice president now directly owns 78,747 shares of the company’s stock, valued at approximately $3,291,624.60. The disclosure for this sale can be found here. Insiders sold 282,150 shares of company stock valued at $11,706,670 in the last ninety days. 6.20% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Fort L.P. acquired a new stake in shares of Service Co. International during the second quarter worth approximately $120,000. TRUE Private Wealth Advisors acquired a new stake in shares of Service Co. International during the third quarter worth approximately $125,000. Steward Partners Investment Advisory LLC grew its position in shares of Service Co. International by 707.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,423 shares of the company’s stock worth $151,000 after buying an additional 2,999 shares in the last quarter. Hirtle Callaghan & Co LLC acquired a new stake in shares of Service Co. International during the second quarter worth approximately $161,000. Finally, Townsend & Associates Inc acquired a new stake in shares of Service Co. International during the third quarter worth approximately $164,000. 86.57% of the stock is owned by institutional investors.

Shares of SCI stock opened at $44.81 on Wednesday. The stock has a market cap of $8.14 billion, a PE ratio of 25.57, a P/E/G ratio of 1.99 and a beta of 1.03. Service Co. International has a 1-year low of $33.45 and a 1-year high of $45.42. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.49 and a current ratio of 0.54.

Service Co. International Company Profile

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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Earnings History and Estimates for Service Co. International (NYSE:SCI)

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