Service Co. International (NYSE:SCI) Posts Earnings Results, Beats Estimates By $0.33 EPS


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Service Co. International (NYSE:SCI) announced its quarterly earnings data on Sunday. The company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.33, MarketWatch Earnings reports. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $955.77 million. Service Co. International had a return on equity of 24.63% and a net margin of 13.62%. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share.

Shares of Service Co. International stock traded up $3.40 during trading hours on Tuesday, hitting $56.71. The company’s stock had a trading volume of 2,722,242 shares, compared to its average volume of 980,349. The business has a 50 day moving average price of $51.59 and a two-hundred day moving average price of $49.77. Service Co. International has a 12-month low of $33.93 and a 12-month high of $56.74. The company has a market cap of $9.61 billion, a PE ratio of 22.24, a PEG ratio of 1.62 and a beta of 0.69. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.55 and a current ratio of 0.59.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. Service Co. International’s payout ratio is 44.21%.

In other news, Director Alan R. Buckwalter III sold 8,022 shares of the business’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $48.51, for a total value of $389,147.22. Following the transaction, the director now directly owns 86,393 shares in the company, valued at $4,190,924.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by insiders.

Several analysts recently commented on SCI shares. Oppenheimer reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Service Co. International in a report on Monday. Zacks Investment Research lowered Service Co. International from a “strong-buy” rating to a “hold” rating and set a $51.00 price target for the company. in a report on Tuesday, January 5th.

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 for Service Co. International (NYSE:SCI)

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