Service Corp. International (SCI) Announces Quarterly Earnings Results

Service Corp. International (NYSE:SCI) posted its quarterly earnings data on Wednesday. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business earned $751.70 million during the quarter, compared to the consensus estimate of $766.81 million. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. Service Corp. International updated its FY16 guidance to $1.20-1.30 EPS.

Separately, Zacks Investment Research lowered Service Corp. International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th.

Service Corp. International (NYSE:SCI) traded down 0.53% during midday trading on Wednesday, reaching $28.25. The company’s stock had a trading volume of 1,177,716 shares. The company’s 50-day moving average is $27.29 and its 200 day moving average is $25.42. Service Corp. International has a 52 week low of $20.21 and a 52 week high of $32.02. The firm has a market capitalization of $5.47 billion and a P/E ratio of 25.97.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.60 annualized dividend and a yield of 2.12%.

In other news, Chairman R L. Waltrip sold 122,000 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $26.43, for a total transaction of $3,224,460.00. Following the completion of the sale, the chairman now owns 826,766 shares in the company, valued at $21,851,425.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Blair Waltrip sold 1,424 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $27.49, for a total transaction of $39,145.76. Following the sale, the director now owns 701,409 shares of the company’s stock, valued at approximately $19,281,733.41. The disclosure for this sale can be found here.

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments are funeral and cemetery operations. The Company conducts both funeral and cemetery operations in the United States and Canada. It operates over 1,535 funeral service locations and over 470 cemeteries, which are diversified across over 45 states, over eight Canadian provinces, the District of Columbia, and Puerto Rico.