Service Corporation International (NYSE:SCI) – Analysts at Oppenheimer Holdings raised their FY2017 earnings per share (EPS) estimates for Service Corporation International in a research note issued to investors on Thursday, Zacks Investment Research reports. Oppenheimer Holdings analyst S. Schneeberger now forecasts that the company will post earnings per share of $1.51 for the year, up from their prior estimate of $1.42. Oppenheimer Holdings currently has a “Buy” rating and a $39.00 target price 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.
SCI has been the subject of a number of other reports. Zacks Investment Research downgraded Service Corporation International from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. BidaskClub raised Service Corporation International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $40.00 target price (up from $38.00) on shares of Service Corporation International in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $39.75.
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Shares of Service Corporation International (NYSE:SCI) opened at $34.81 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $6,522.09, a P/E ratio of 22.74, a P/E/G ratio of 2.07 and a beta of 0.96. Service Corporation International has a 52-week low of $25.80 and a 52-week high of $36.56.
Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The company had revenue of $731.30 million during the quarter, compared to the consensus estimate of $735.62 million. Service Corporation International had a return on equity of 24.85% and a net margin of 11.83%. Service Corporation International’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, December 14th. Service Corporation International’s dividend payout ratio is currently 31.58%.
In other Service Corporation International news, Director W Blair Waltrip sold 2,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 661,409 shares of the company’s stock, valued at $23,195,613.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory T. Sangalis sold 72,300 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $35.40, for a total value of $2,559,420.00. Following the completion of the sale, the vice president now directly owns 129,883 shares of the company’s stock, valued at $4,597,858.20. The disclosure for this sale can be found here. Insiders sold 604,800 shares of company stock valued at $21,109,153 over the last three months. Company insiders own 6.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of SCI. OppenheimerFunds Inc. boosted its holdings in shares of Service Corporation International by 8.7% in the first quarter. OppenheimerFunds Inc. now owns 24,481 shares of the company’s stock worth $756,000 after acquiring an additional 1,953 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Service Corporation International by 4.5% in the first quarter. Teachers Advisors LLC now owns 218,835 shares of the company’s stock worth $6,758,000 after acquiring an additional 9,350 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Service Corporation International by 4.5% in the first quarter. PNC Financial Services Group Inc. now owns 8,677 shares of the company’s stock worth $267,000 after acquiring an additional 375 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Service Corporation International by 9.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 590,087 shares of the company’s stock worth $18,222,000 after acquiring an additional 51,598 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of Service Corporation International in the first quarter worth $255,000. 85.47% of the stock is owned by hedge funds and other institutional investors.
About Service Corporation International
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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