Service Corporation International (SCI) Scheduled to Post Quarterly Earnings on Tuesday
Service Corporation International (NYSE:SCI) will issue its quarterly earnings data after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Service Corporation International has set its FY17 guidance at $1.42-1.52 EPS.
Service Corporation International (NYSE:SCI) last issued its earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $769.57 million. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. On average, analysts expect Service Corporation International to post $1.45 EPS for the current fiscal year and $1.56 EPS for the next fiscal year.
Shares of Service Corporation International (NYSE SCI) opened at 34.29 on Tuesday. The company has a 50-day moving average of $34.77 and a 200 day moving average of $33.32. Service Corporation International has a one year low of $24.90 and a one year high of $35.89. The firm has a market cap of $6.42 billion, a PE ratio of 18.59 and a beta of 0.92.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.75%. The ex-dividend date was Thursday, September 14th. Service Corporation International’s dividend payout ratio (DPR) is presently 32.43%.
A number of equities analysts have issued reports on the company. BidaskClub raised Service Corporation International from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Service Corporation International from a “buy” rating to a “hold” rating in a research report on Saturday, September 9th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $39.00 target price on shares of Service Corporation International in a research report on Tuesday, September 26th.
In other Service Corporation International news, Director W Blair Waltrip sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $35.07, for a total value of $70,140.00. Following the transaction, the director now directly owns 661,409 shares of the company’s stock, valued at approximately $23,195,613.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael R. Webb sold 202,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $34.70, for a total value of $7,009,400.00. Following the completion of the transaction, the insider now directly owns 622,903 shares in the company, valued at $21,614,734.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 604,800 shares of company stock worth $21,109,153. 6.20% of the stock is currently owned by corporate insiders.
Service Corporation 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 include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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