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

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

Service Corporation International Stock Performance

Shares of Service Corporation International stock traded up $0.66 during trading hours on Wednesday, hitting $85.64. 1,948,483 shares of the company were exchanged, compared to its average volume of 1,309,277. Service Corporation International has a 1 year low of $68.41 and a 1 year high of $88.67. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.22. The business has a 50-day moving average of $76.03 and a 200-day moving average of $79.42. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 1.85 and a beta of 0.84.

Service Corporation International Increases Dividend

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

Hedge Funds Weigh In On Service Corporation International

Institutional investors have recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Service Corporation International in the 4th quarter worth $435,000. Royal Bank of Canada boosted its holdings in shares of Service Corporation International by 38.8% in the first quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock valued at $9,775,000 after acquiring an additional 34,051 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Service Corporation International by 48.7% during the first quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock worth $33,474,000 after acquiring an additional 136,770 shares during the period. Focus Partners Wealth increased its stake in shares of Service Corporation International by 3.1% during the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock worth $848,000 after acquiring an additional 321 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in Service Corporation International by 32.6% during the second quarter. Baird Financial Group Inc. now owns 9,753 shares of the company’s stock worth $794,000 after purchasing an additional 2,398 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Service Corporation International Company Profile

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.