Service Corporation International (NYSE:SCI) Announces Quarterly Earnings Results

Service Corporation International (NYSE:SCI) released its earnings results on Wednesday. The company reported $1.14 EPS for the quarter, meeting the consensus estimate of $1.14, FiscalAI reports. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Service Corporation International had a net margin of 12.59% and a return on equity of 34.45%. Service Corporation International’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS.

Service Corporation International Price Performance

SCI stock traded up $1.70 on Friday, hitting $80.43. 650,734 shares of the company’s stock traded hands, compared to its average volume of 1,082,693. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.85 and a beta of 0.99. Service Corporation International has a 1-year low of $71.75 and a 1-year high of $86.67. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 3.17. The stock has a fifty day moving average of $79.96 and a 200-day moving average of $80.14.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SCI. JPMorgan Chase & Co. assumed coverage on shares of Service Corporation International in a research note on Tuesday, January 20th. They set an “overweight” rating and a $110.00 price objective on the stock. Weiss Ratings raised Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $96.50.

Insider Activity

In other Service Corporation International news, VP Elisabeth G. Nash sold 42,400 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $76.32, for a total value of $3,235,968.00. Following the transaction, the vice president owned 110,006 shares of the company’s stock, valued at approximately $8,395,657.92. This represents a 27.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Service Corporation International

A number of hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new stake in shares of Service Corporation International during the third quarter worth $42,000. Los Angeles Capital Management LLC purchased a new position in Service Corporation International in the 4th quarter worth about $54,000. Danske Bank A S acquired a new stake in Service Corporation International during the 3rd quarter worth about $83,000. Brighton Jones LLC purchased a new stake in Service Corporation International during the fourth quarter valued at about $435,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Service Corporation International by 218.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 5,596 shares of the company’s stock valued at $436,000 after buying an additional 3,836 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.