News articles about Service Corporation International (NYSE:SCI) have been trending somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Service Corporation International earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.4697564298622 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Service Corporation International (SCI) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
- Gravediggers at L.A.’s Biggest Cemetery Unionized on Friday the 13th (laweekly.com)
- Service Corporation International (SCI) Expected to Announce Quarterly Sales of $736.69 Million (americanbankingnews.com)
- Service Corporation International (SCI) Expected to Post Earnings of $0.26 Per Share (americanbankingnews.com)
A number of research firms have recently commented on SCI. Zacks Investment Research cut Service Corporation International from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $39.00 price objective on shares of Service Corporation International in a research report on Tuesday, September 26th. Finally, BidaskClub upgraded Service Corporation International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th.
Shares of Service Corporation International (NYSE SCI) opened at 34.29 on Tuesday. Service Corporation International has a 12 month low of $24.90 and a 12 month high of $35.89. The stock has a market capitalization of $6.42 billion, a PE ratio of 18.59 and a beta of 0.92. The company’s 50 day moving average price is $34.77 and its 200 day moving average price is $33.32.
Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The firm had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $769.57 million. During the same period in the prior year, the company posted $0.28 earnings per share. Service Corporation International’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts anticipate that Service Corporation International will post $1.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 14th. Service Corporation International’s dividend payout ratio (DPR) is 32.43%.
In other Service Corporation International news, Director W Blair Waltrip sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $35.07, for a total transaction of $70,140.00. Following the completion of the sale, the director now directly owns 661,409 shares in the company, valued at $23,195,613.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory T. Sangalis sold 72,300 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $35.40, for a total transaction of $2,559,420.00. Following the completion of the sale, the vice president now owns 129,883 shares of the company’s stock, valued at approximately $4,597,858.20. The disclosure for this sale can be found here. Insiders have sold 604,800 shares of company stock valued at $21,109,153 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.
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About Service Corporation International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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