Service Corporation International (NYSE:SCI) – Investment analysts at Oppenheimer Holdings upped their FY2017 earnings estimates for Service Corporation International in a research report issued to clients and investors on Thursday. Oppenheimer Holdings analyst S. Schneeberger now forecasts that the company will earn $1.51 per share for the year, up from their previous forecast of $1.42. Oppenheimer Holdings has a “Buy” rating and a $39.00 price target on the stock. Oppenheimer Holdings also issued estimates for Service Corporation International’s Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.50 EPS and FY2019 earnings at $1.70 EPS.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $731.30 million for the quarter, compared to analyst estimates of $735.62 million. Service Corporation International had a net margin of 11.83% and a return on equity of 24.85%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS.

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SCI has been the subject of a number of other research reports. Zacks Investment Research raised shares of Service Corporation International from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a report on Saturday, October 28th. BidaskClub raised shares of Service Corporation International from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Service Corporation International in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $39.75.

Service Corporation International (NYSE:SCI) opened at $36.14 on Monday. Service Corporation International has a 52 week low of $25.10 and a 52 week high of $36.56. The company has a market cap of $6,780.00, a PE ratio of 23.43, a P/E/G ratio of 2.14 and a beta of 0.96. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66.

In related news, insider Michael R. Webb sold 202,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $34.70, for a total transaction of $7,009,400.00. Following the completion of the sale, the insider now owns 622,903 shares in the company, valued at $21,614,734.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory T. Sangalis sold 72,300 shares of Service Corporation International stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $35.40, for a total transaction of $2,559,420.00. Following the completion of the transaction, the vice president now owns 129,883 shares of the company’s stock, valued at approximately $4,597,858.20. The disclosure for this sale can be found here. Insiders sold 604,800 shares of company stock worth $21,109,153 over the last ninety days. Insiders own 6.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC grew its stake in Service Corporation International by 315.7% during the second quarter. Acrospire Investment Management LLC now owns 3,687 shares of the company’s stock valued at $123,000 after acquiring an additional 2,800 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Service Corporation International by 2.1% in the second quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock worth $142,000 after buying an additional 89 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Service Corporation International in the second quarter worth $210,000. Hartford Investment Management Co. purchased a new position in Service Corporation International during the 2nd quarter valued at $229,000. Finally, Green Square Capital LLC purchased a new position in Service Corporation International during the 2nd quarter valued at $262,000. 85.48% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for Service Corporation International (NYSE:SCI)

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