$0.56 EPS Expected for Service Co. International (SCI) This Quarter

Equities analysts forecast that Service Co. International (NYSE:SCI) will announce earnings of $0.56 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Service Co. International’s earnings, with estimates ranging from $0.56 to $0.57. Service Co. International reported earnings of $0.50 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The firm is expected to report its next quarterly earnings report on Tuesday, February 12th.

On average, 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 anticipate that the company will post earnings of $1.99 per share, with EPS estimates ranging from $1.98 to $2.00. Zacks Investment Research’s earnings per share calculations 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 issued its earnings results on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The company had revenue of $778.80 million during the quarter, compared to the consensus estimate of $762.60 million. Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. Service Co. International’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share.

A number of equities analysts have commented on the stock. Oppenheimer upped their target price on shares of Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Credit Suisse Group upped their target price on shares of Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Raymond James upped their target price on shares of Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $46.17.

In other news, Director W Blair Waltrip sold 50,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $42.50, for a total transaction of $2,125,000.00. Following the transaction, the director now directly owns 616,244 shares in the company, valued at $26,190,370. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Steven A. Tidwell sold 32,150 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $41.80, for a total transaction of $1,343,870.00. Following the transaction, the vice president now owns 78,747 shares in the company, valued at $3,291,624.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 282,150 shares of company stock worth $11,706,670. Insiders own 6.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Service Co. International during the second quarter valued at approximately $970,000. Waddell & Reed Financial Inc. boosted its stake in shares of Service Co. International by 9.9% during the second quarter. Waddell & Reed Financial Inc. now owns 278,820 shares of the company’s stock valued at $9,979,000 after purchasing an additional 25,080 shares in the last quarter. Hirtle Callaghan & Co LLC bought a new position in shares of Service Co. International during the second quarter valued at approximately $161,000. Voya Investment Management LLC boosted its stake in shares of Service Co. International by 189.7% during the second quarter. Voya Investment Management LLC now owns 431,885 shares of the company’s stock valued at $15,457,000 after purchasing an additional 282,798 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Service Co. International by 20.0% during the second quarter. Baird Financial Group Inc. now owns 8,680 shares of the company’s stock valued at $311,000 after purchasing an additional 1,449 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Shares of SCI stock opened at $44.81 on Wednesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.49 and a current ratio of 0.54. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.99 and a beta of 1.03. Service Co. International has a one year low of $33.45 and a one year high of $45.42.

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

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