Service Co. International (SCI) Set to Announce Earnings on Wednesday

Service Co. International (NYSE:SCI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Service Co. International has set its FY 2024 guidance at 3.500-3.800 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Service Co. International (NYSE:SCI) last issued its earnings results on Tuesday, February 13th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, analysts expect Service Co. International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Service Co. International Price Performance

Shares of Service Co. International stock opened at $72.93 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 3.02. Service Co. International has a 12 month low of $52.89 and a 12 month high of $75.97. The stock has a 50 day moving average of $72.35 and a 200 day moving average of $66.93. The firm has a market cap of $10.68 billion, a PE ratio of 20.72, a PEG ratio of 1.96 and a beta of 0.81.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.30 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 14th. Service Co. International’s dividend payout ratio is currently 32.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SCI shares. Oppenheimer boosted their target price on shares of Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. UBS Group boosted their target price on Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.00.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 8,950 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $75.39, for a total value of $674,740.50. Following the completion of the sale, the director now directly owns 60,887 shares of the company’s stock, valued at approximately $4,590,270.93. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Service Co. International news, Director Tony Coelho sold 8,950 shares of Service Co. International stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $75.39, for a total transaction of $674,740.50. Following the completion of the sale, the director now directly owns 60,887 shares of the company’s stock, valued at approximately $4,590,270.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Sumner J. Waring III sold 50,000 shares of Service Co. International stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $75.07, for a total value of $3,753,500.00. Following the completion of the sale, the chief operating officer now owns 289,400 shares of the company’s stock, valued at $21,725,258. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 202,675 shares of company stock worth $15,066,906. Insiders own 4.60% of the company’s stock.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.