Analysts predict that Service Co. International (NYSE:SCI) will announce earnings per share of $0.43 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Service Co. International’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.42. Service Co. International reported earnings per share of $0.35 in the same quarter last year, which suggests a positive year over year growth rate of 22.9%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that Service Co. International will report full year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.83. For the next fiscal year, analysts forecast that the business will report earnings of $1.97 per share, with EPS estimates ranging from $1.95 to $1.99. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Service Co. International.
Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, April 25th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.04. The firm had revenue of $794.50 million for the quarter, compared to analysts’ expectations of $806.09 million. Service Co. International had a net margin of 14.59% and a return on equity of 23.42%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share.
A number of research analysts have weighed in on SCI shares. Zacks Investment Research cut shares of Service Co. International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th. Oppenheimer reiterated a “buy” rating and issued a $42.00 target price on shares of Service Co. International in a research note on Thursday, January 18th. Bank of America boosted their target price on shares of Service Co. International from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. Finally, Deutsche Bank upped their price target on shares of Service Co. International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Service Co. International presently has a consensus rating of “Buy” and an average price target of $44.20.
Several hedge funds have recently made changes to their positions in SCI. CenterStar Asset Management LLC purchased a new stake in shares of Service Co. International during the 1st quarter valued at approximately $110,000. Captrust Financial Advisors purchased a new stake in Service Co. International in the 4th quarter worth approximately $190,000. Campbell & CO Investment Adviser LLC purchased a new stake in Service Co. International in the 1st quarter worth approximately $202,000. TLP Group LLC lifted its stake in Service Co. International by 46,069.2% in the 1st quarter. TLP Group LLC now owns 6,002 shares of the company’s stock worth $227,000 after purchasing an additional 5,989 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in Service Co. International in the 4th quarter worth approximately $243,000. Institutional investors own 88.28% of the company’s stock.
Service Co. International traded down $0.05, reaching $37.53, during midday trading on Friday, according to MarketBeat Ratings. The company had a trading volume of 628,203 shares, compared to its average volume of 1,146,023. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 2.19. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.70 and a beta of 0.94. Service Co. International has a 12-month low of $31.52 and a 12-month high of $40.28.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, June 14th. Service Co. International’s payout ratio is currently 43.87%.
Service Co. International announced that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that allows the company to buyback $298.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Service Co. International Company Profile
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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