Zacks: Brokerages Expect Service Co. International (NYSE:SCI) Will Post Earnings of $0.38 Per Share

Brokerages expect Service Co. International (NYSE:SCI) to post $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Service Co. International’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.40. Service Co. International posted earnings per share of $0.35 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.6%. The business is expected to issue its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Service Co. International will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.96. For the next fiscal year, analysts expect that the business will post earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.15. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Service Co. International.

Service Co. International (NYSE:SCI) last issued its earnings results on Monday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Service Co. International had a return on equity of 20.55% and a net margin of 12.88%. The business had revenue of $812.57 million during the quarter, compared to the consensus estimate of $811.01 million. During the same period last year, the company earned $0.44 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.

A number of brokerages have issued reports on SCI. Raymond James raised their target price on Service Co. International from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. ValuEngine raised Service Co. International from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $50.33.

In related news, Director W Blair Waltrip sold 31,750 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $44.52, for a total transaction of $1,413,510.00. Following the completion of the sale, the director now directly owns 590,544 shares of the company’s stock, valued at approximately $26,291,018.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marcus A. Watts sold 8,130 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $45.71, for a total value of $371,622.30. Following the sale, the director now directly owns 70,544 shares of the company’s stock, valued at $3,224,566.24. The disclosure for this sale can be found here. Insiders have sold a total of 546,222 shares of company stock valued at $24,322,640 over the last three months. Corporate insiders own 5.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new position in Service Co. International during the 2nd quarter valued at about $29,000. Lee Financial Co purchased a new position in shares of Service Co. International in the 2nd quarter valued at about $33,000. Advisory Services Network LLC boosted its stake in shares of Service Co. International by 119.1% in the 2nd quarter. Advisory Services Network LLC now owns 883 shares of the company’s stock valued at $41,000 after buying an additional 480 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Service Co. International during the 1st quarter worth about $38,000. Finally, Vigilant Capital Management LLC acquired a new stake in shares of Service Co. International during the 2nd quarter worth about $44,000. Institutional investors own 86.94% of the company’s stock.

Shares of SCI traded up $0.83 during midday trading on Friday, reaching $48.03. The company had a trading volume of 1,145,480 shares, compared to its average volume of 1,015,343. Service Co. International has a 1-year low of $37.52 and a 1-year high of $48.54. The stock has a market cap of $8.63 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 2.17 and a beta of 0.92. The firm has a 50 day simple moving average of $46.89 and a 200-day simple moving average of $43.67. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 1.99.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 12th. Service Co. International’s payout ratio is 40.22%.

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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