Service Co. International (SCI) Releases FY 2019 Earnings Guidance

Service Co. International (NYSE:SCI) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.84-2.02 for the period, compared to the Thomson Reuters consensus estimate of $1.92.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Service Co. International from a hold rating to a sell rating in a report on Thursday, April 11th. ValuEngine lowered shares of Service Co. International from a buy rating to a hold rating in a report on Monday, March 11th. Finally, Raymond James lowered shares of Service Co. International from a strong-buy rating to an outperform rating in a report on Wednesday, February 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Service Co. International has an average rating of Buy and a consensus target price of $46.75.

Shares of NYSE:SCI traded up $0.17 during trading on Wednesday, reaching $41.64. The company had a trading volume of 1,883,734 shares, compared to its average volume of 1,176,067. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.92 and a beta of 1.06. Service Co. International has a 12 month low of $35.19 and a 12 month high of $47.09. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.60 and a quick ratio of 0.55.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Monday, February 18th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). The company had revenue of $820.81 million during the quarter, compared to the consensus estimate of $843.45 million. Service Co. International had a return on equity of 21.92% and a net margin of 14.02%. Service Co. International’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. As a group, equities research analysts expect that Service Co. International will post 1.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.17. Service Co. International’s dividend payout ratio (DPR) is currently 40.22%.

In related news, VP Sumner J. Waring III sold 95,100 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $42.65, for a total transaction of $4,056,015.00. Following the transaction, the vice president now owns 428,631 shares of the company’s stock, valued at approximately $18,281,112.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Mecom, Jr. sold 16,000 shares of the stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $41.91, for a total transaction of $670,560.00. Following the transaction, the director now directly owns 114,835 shares in the company, valued at approximately $4,812,734.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,322,555 shares of company stock worth $55,091,685. 5.50% of the stock is owned by insiders.

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About Service Co. International

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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