Service Co. International (NYSE:SCI) Releases Q4 2024 Earnings Guidance

Service Co. International (NYSE:SCIGet Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.000-1.100 for the period, compared to the consensus estimate of 0.770. The company issued revenue guidance of -. Service Co. International also updated its FY 2024 guidance to 3.470-3.570 EPS.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on SCI

Service Co. International Stock Down 0.4 %

Shares of SCI stock traded down $0.28 during mid-day trading on Wednesday, hitting $76.18. The stock had a trading volume of 1,065,430 shares, compared to its average volume of 897,626. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.32. 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’s 50-day moving average is $77.46 and its two-hundred day moving average is $73.96. The firm has a market capitalization of $11.09 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 2.17 and a beta of 0.84.

Service Co. International (NYSE:SCIGet Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company earned $0.83 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. Service Co. International’s dividend payout ratio is presently 34.48%.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction that occurred on 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 directly owns 988,365 shares in the company, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was 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.

Service Co. International Company Profile

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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.

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