Service Co. International (NYSE:SCI) Posts Quarterly Earnings Results, Hits Estimates

Service Co. International (NYSE:SCI) announced its quarterly earnings data on Wednesday. The company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79, Briefing.com reports. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year.

Service Co. International Stock Down 0.0 %

SCI traded down $0.03 during midday trading on Friday, reaching $81.62. 1,451,994 shares of the company were exchanged, compared to its average volume of 928,495. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83. Service Co. International has a one year low of $56.38 and a one year high of $83.24. The company’s fifty day moving average price is $77.65 and its 200 day moving average price is $74.11. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.51 and a current ratio of 0.52.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Analyst Ratings Changes

A number of research firms recently issued reports on SCI. Truist Financial boosted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday. Raymond James raised their target price on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.25.

Insider Activity at Service Co. International

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