Service Co. International (SCI) to Release Earnings on Wednesday

Service Co. International (NYSE:SCI) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Service Co. International has set its FY24 guidance at $3.50-3.80 EPS and its FY 2024 guidance at 3.500-3.500 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. Service Co. International’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. On average, analysts expect Service Co. International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Service Co. International Price Performance

Shares of SCI stock opened at $75.94 on Wednesday. The stock’s fifty day simple moving average is $77.41 and its 200 day simple moving average is $73.78. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 2.18 and a beta of 0.84. Service Co. International has a one year low of $52.89 and a one year high of $81.32.

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio is currently 34.99%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Insider Activity

In other news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.