Service Co. International (NYSE:SCI) Posts Quarterly Earnings Results, Beats Estimates By $0.33 EPS


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Service Co. International (NYSE:SCI) released its earnings results on Sunday. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.33, MarketWatch Earnings reports. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $955.77 million. Service Co. International had a return on equity of 24.63% and a net margin of 13.62%. The company’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share.

Shares of SCI stock traded up $3.40 during trading hours on Tuesday, hitting $56.71. 2,731,934 shares of the company were exchanged, compared to its average volume of 980,349. The company has a market capitalization of $9.61 billion, a PE ratio of 21.54, a PEG ratio of 1.62 and a beta of 0.69. Service Co. International has a 52 week low of $33.93 and a 52 week high of $56.74. The business has a 50 day moving average of $51.49 and a two-hundred day moving average of $49.72. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 2.06.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, March 12th. Service Co. International’s dividend payout ratio (DPR) is presently 44.21%.

Several research firms have weighed in on SCI. Zacks Investment Research lowered shares of Service Co. International from a “strong-buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Tuesday, January 5th. Oppenheimer reiterated a “buy” rating and set a $54.00 target price on shares of Service Co. International in a report on Monday.

In other news, Director Alan R. Buckwalter III sold 8,022 shares of the company’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $48.51, for a total transaction of $389,147.22. Following the completion of the transaction, the director now directly owns 86,393 shares of the company’s stock, valued at $4,190,924.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is currently owned by corporate insiders.

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

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