Service Corporation International (NYSE:SCI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Service Corporation International (NYSE:SCI) released its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01, FiscalAI reports. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. Service Corporation International updated its FY 2026 guidance to 4.100-4.300 EPS.

Service Corporation International Stock Performance

NYSE SCI traded up $0.66 during trading on Wednesday, hitting $85.64. 1,948,483 shares of the company’s stock traded hands, compared to its average volume of 1,309,277. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.52 and a current ratio of 0.57. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.85 and a beta of 0.84. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $88.67. The business has a 50 day moving average of $76.03 and a 200-day moving average of $79.42.

Service Corporation International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.7%. This is a boost from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, June 15th. Service Corporation International’s payout ratio is currently 37.99%.

Analyst Ratings Changes

SCI has been the subject of several recent research reports. Wall Street Zen downgraded Service Corporation International from a “hold” rating to a “sell” rating in a report on Sunday, June 28th. Weiss Ratings downgraded shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. JPMorgan Chase & Co. dropped their target price on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Oppenheimer increased their target price on shares of Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, April 2nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.00.

Institutional Trading of Service Corporation International

Institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. purchased a new position in Service Corporation International in the 3rd quarter valued at approximately $42,000. Los Angeles Capital Management LLC purchased a new position in shares of Service Corporation International in the fourth quarter valued at $54,000. Danske Bank A S bought a new stake in shares of Service Corporation International during the 3rd quarter valued at $83,000. Toronto Dominion Bank purchased a new stake in Service Corporation International during the 4th quarter worth about $238,000. Finally, Brighton Jones LLC bought a new position in Service Corporation International in the 4th quarter worth about $435,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

About Service Corporation International

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.