Zacks: Brokerages Expect Service Co. International (NYSE:SCI) Will Post Earnings of $0.90 Per Share

Wall Street analysts predict that Service Co. International (NYSE:SCI) will post $0.90 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Service Co. International’s earnings. The lowest EPS estimate is $0.89 and the highest is $0.92. Service Co. International posted earnings per share of $1.13 in the same quarter last year, which would indicate a negative year-over-year growth rate of 20.4%. The business is scheduled to issue its next earnings results on Monday, February 21st.

On average, analysts expect that Service Co. International will report full-year earnings of $4.31 per share for the current year, with EPS estimates ranging from $4.30 to $4.33. For the next financial year, analysts expect that the business will post earnings of $2.79 per share, with EPS estimates ranging from $2.75 to $2.81. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Service Co. International.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 27th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.56. Service Co. International had a return on equity of 41.84% and a net margin of 19.59%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $876.47 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year.

Several analysts have weighed in on the company. Oppenheimer boosted their price objective on Service Co. International from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, November 1st. Raymond James upped their target price on Service Co. International from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 29th. Finally, Credit Suisse Group upped their target price on Service Co. International from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 29th.

In related news, CEO Thomas L. Ryan sold 75,000 shares of the company’s stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $68.82, for a total value of $5,161,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Elisabeth G. Nash sold 3,900 shares of the company’s stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $69.01, for a total value of $269,139.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,371 shares of company stock worth $7,105,092. 5.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its stake in shares of Service Co. International by 52.6% in the third quarter. Baillie Gifford & Co. now owns 18,034,142 shares of the company’s stock worth $1,086,738,000 after acquiring an additional 6,213,908 shares during the last quarter. BlackRock Inc. grew its stake in shares of Service Co. International by 7.7% in the third quarter. BlackRock Inc. now owns 15,653,777 shares of the company’s stock worth $943,297,000 after acquiring an additional 1,122,616 shares during the last quarter. State Street Corp boosted its position in shares of Service Co. International by 7.8% during the second quarter. State Street Corp now owns 4,365,976 shares of the company’s stock valued at $233,973,000 after buying an additional 315,699 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Service Co. International by 89.7% during the second quarter. Macquarie Group Ltd. now owns 2,466,465 shares of the company’s stock valued at $132,178,000 after buying an additional 1,166,556 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Service Co. International by 3.4% during the second quarter. Geode Capital Management LLC now owns 2,440,470 shares of the company’s stock valued at $130,816,000 after buying an additional 81,096 shares during the last quarter. 81.29% of the stock is currently owned by hedge funds and other institutional investors.

Service Co. International stock traded down $1.24 during trading hours on Friday, reaching $64.99. The company had a trading volume of 659,842 shares, compared to its average volume of 768,184. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.79 and a quick ratio of 0.76. Service Co. International has a 12-month low of $45.63 and a 12-month high of $71.71. The company has a 50-day moving average price of $67.93 and a 200 day moving average price of $63.65. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 3.27 and a beta of 0.71.

The company also recently declared a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Wednesday, December 15th were paid a $0.23 dividend. The ex-dividend date was Tuesday, December 14th. This represents a $0.92 annualized dividend and a yield of 1.42%. Service Co. International’s payout ratio is 19.87%.

Service Co. International announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 10th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the following segments: Funeral and Cemetery. The Funeral segment offers professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, cremations, memorialization and catering.

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