Service Corp. International (NYSE:SCI) – Oppenheimer Holdings lowered their FY2017 EPS estimates for shares of Service Corp. International in a note issued to investors on Friday. Oppenheimer Holdings analyst S. Schneeberger now expects that the brokerage will post earnings of $1.38 per share for the year, down from their prior forecast of $1.40. Oppenheimer Holdings has a “Outperform” rating and a $32.00 price target on the stock.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Service Corp. International from a “hold” rating to a “sell” rating in a research note on Tuesday. Wells Fargo & Co. began coverage on shares of Service Corp. International in a research note on Tuesday, August 2nd. They issued a “market perform” rating on the stock. Finally, Bank of America Corp. initiated coverage on shares of Service Corp. International in a research note on Friday, September 30th. They issued a “buy” rating and a $32.00 price objective on the stock.

Service Corp. International (NYSE:SCI) traded up 0.68% during trading on Monday, hitting $26.68. 76,020 shares of the stock traded hands. The company has a market capitalization of $5.17 billion, a P/E ratio of 29.09 and a beta of 0.81. The company’s 50 day moving average is $26.46 and its 200 day moving average is $26.71. Service Corp. International has a one year low of $20.21 and a one year high of $29.68.

Service Corp. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by $0.01. Service Corp. International had a net margin of 6.13% and a return on equity of 19.48%. The company had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $766.81 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s revenue was down .4% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Service Corp. International by 3.7% in the second quarter. Vanguard Group Inc. now owns 13,487,825 shares of the company’s stock worth $364,712,000 after buying an additional 479,158 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Service Corp. International by 1.3% in the first quarter. Teachers Advisors Inc. now owns 190,927 shares of the company’s stock worth $4,712,000 after buying an additional 2,519 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Service Corp. International by 1.9% in the second quarter. California Public Employees Retirement System now owns 389,725 shares of the company’s stock worth $10,538,000 after buying an additional 7,200 shares during the last quarter. World Asset Management Inc raised its stake in shares of Service Corp. International by 8.4% in the second quarter. World Asset Management Inc now owns 10,347 shares of the company’s stock worth $280,000 after buying an additional 806 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Service Corp. International by 11.6% in the second quarter. Principal Financial Group Inc. now owns 738,345 shares of the company’s stock worth $19,965,000 after buying an additional 76,956 shares during the last quarter. 83.22% of the stock is currently owned by institutional investors.

In other news, Director Edward E. Williams sold 10,000 shares of Service Corp. International stock in a transaction on Monday, August 1st. The shares were sold at an average price of $27.17, for a total transaction of $271,700.00. Following the transaction, the director now directly owns 164,917 shares of the company’s stock, valued at $4,480,794.89. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 208,444 shares of Service Corp. International stock in a transaction on Monday, August 8th. The stock was sold at an average price of $27.05, for a total transaction of $5,638,410.20. Following the transaction, the chief executive officer now directly owns 1,283,553 shares in the company, valued at $34,720,108.65. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.96%. Service Corp. International’s dividend payout ratio is 57.14%.

Service Corp. International Company Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments are funeral and cemetery operations. The Company conducts both funeral and cemetery operations in the United States and Canada. It operates over 1,535 funeral service locations and over 470 cemeteries, which are diversified across over 45 states, over eight Canadian provinces, the District of Columbia, and Puerto Rico.

5 Day Chart for NYSE:SCI

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