Service Corporation International (NYSE:SCI) Reaches New 1-Year High Following Earnings Beat

Service Corporation International (NYSE:SCI) shares reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The company traded as high as $90.99 and last traded at $88.4620, with a volume of 100300 shares. The stock had previously closed at $85.68.

The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Service Corporation International had a return on equity of 34.30% and a net margin of 12.36%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS.

Service Corporation International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.6%. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. Service Corporation International’s dividend payout ratio (DPR) is 37.99%.

Key Service Corporation International News

Here are the key news stories impacting Service Corporation International this week:

• Positive Sentiment: Quarterly results exceeded expectations. SCI reported adjusted earnings of $0.90 per share, versus the $0.89 consensus estimate and $0.88 a year earlier. Revenue rose 3.6% year over year to approximately $1.10 billion, ahead of the $1.08 billion estimate. Service Corp. Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and cash generation improved. GAAP diluted EPS increased to $0.90 from $0.86, net income rose to $124.8 million from $122.9 million, and operating cash flow jumped 43% to $238.7 million. SCI also raised the midpoint of its 2026 adjusted operating cash-flow outlook to $1.085 billion. SCI Q2 Revenue Rises 4% to $1.1 Billion
• Positive Sentiment: Full-year earnings guidance was maintained. SCI reaffirmed its 2026 adjusted EPS range of $4.10-$4.30, with a $4.20 midpoint above the analyst consensus of $4.13. This suggests management remains confident in its earnings outlook. SCI Announces Second Quarter 2026 Financial Results
• Neutral Sentiment: Governance scrutiny remains a potential overhang. Shareholder-driven questions concerning board governance were highlighted around SCI’s 2026 annual meeting, although the available report does not indicate an immediate operational impact. SCI Faces Shareholder-Driven Board Governance Scrutiny
• Negative Sentiment: Insider selling may temper enthusiasm. Two SCI insiders sold shares during the past six months, with no reported insider purchases. The sales are not necessarily tied to the earnings release but could modestly weigh on sentiment.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Service Corporation International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Service Corporation International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,451,153 shares of the company’s stock worth $269,128,000 after purchasing an additional 16,541 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its holdings in shares of Service Corporation International by 12.0% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock worth $95,835,000 after purchasing an additional 124,151 shares during the period. Handelsbanken Fonder AB grew its position in Service Corporation International by 3.8% during the second quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company’s stock valued at $66,996,000 after purchasing an additional 32,137 shares in the last quarter. Marshall Wace LLP grew its position in Service Corporation International by 31.8% during the third quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock valued at $45,701,000 after purchasing an additional 132,591 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Service Corporation International by 48.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock valued at $33,474,000 after buying an additional 136,770 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Corporation International Trading Up 3.2%

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 cap of $12.20 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84. The company’s 50 day simple moving average is $76.19 and its two-hundred day simple moving average is $79.46.

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.