Service Co. International (SCI) Scheduled to Post Earnings on Wednesday

Service Co. International (NYSE:SCI) is scheduled to announce its earnings results 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.Investors that are interested in participating in the company’s conference call can do so using this link.

Service Co. International (NYSE:SCI) last released its quarterly 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 net margin of 13.11% and a return on equity of 32.88%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. 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 Stock Performance

Service Co. International stock opened at $70.98 on Wednesday. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.67 and a quick ratio of 0.62. The firm’s fifty day moving average price is $72.30 and its 200 day moving average price is $66.34.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.69%. Service Co. International’s payout ratio is 32.95%.

Analyst Upgrades and Downgrades

SCI has been the subject of several research analyst reports. UBS Group boosted their target price on shares of Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. 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 research report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Service Co. International presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Insider Transactions at Service Co. International

In other news, Director Tony Coelho sold 8,950 shares of Service Co. International 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director W Blair Waltrip sold 6,150 shares of Service Co. International stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $74.38, for a total value of $457,437.00. Following the completion of the transaction, the director now directly owns 597,948 shares of the company’s stock, valued at approximately $44,475,372.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $674,740.50. Following the transaction, the director now directly owns 60,887 shares of the company’s stock, valued at $4,590,270.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 202,675 shares of company stock valued at $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.