Service Corporation International (NYSE:SCI) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Service Corporation International (NYSE:SCI) posted its quarterly earnings results on Wednesday. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02), FiscalAI reports. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion.

Service Corporation International Price Performance

NYSE SCI traded down $0.23 during mid-day trading on Wednesday, hitting $82.28. The stock had a trading volume of 1,363,213 shares, compared to its average volume of 1,191,934. The company has a 50 day simple moving average of $80.31 and a 200 day simple moving average of $80.01. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 1.85 and a beta of 0.81. Service Corporation International has a 52-week low of $68.41 and a 52-week high of $90.99. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 3.32.

Service Corporation International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Service Corporation International’s dividend payout ratio (DPR) is presently 37.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group boosted their target price on shares of Service Corporation International from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Service Corporation International from a “sell” rating to a “hold” rating in a report on Sunday, September 20th. Finally, Weiss Ratings upgraded shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Service Corporation International has an average rating of “Buy” and an average price target of $100.67.

Insider Buying and Selling

In other news, CEO Thomas Ryan sold 253,391 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $85.25, for a total value of $21,601,582.75. Following the completion of the transaction, the chief executive officer owned 1,006,212 shares in the company, valued at $85,779,573. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.40% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International (NYSE:SCI) is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.