Service Co. International (NYSE:SCI) Updates FY 2024 Earnings Guidance

Service Co. International (NYSE:SCI) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.470-3.570 for the period, compared to the consensus EPS estimate of 3.530. The company issued revenue guidance of -. Service Co. International also updated its Q4 guidance to $1.00-1.10 EPS.

Service Co. International Stock Up 6.1 %

Shares of NYSE:SCI traded up $4.65 during trading on Thursday, hitting $80.86. 971,716 shares of the company were exchanged, compared to its average volume of 897,831. The firm’s 50 day moving average price is $77.46 and its 200-day moving average price is $73.97. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.40. The stock has a market capitalization of $11.77 billion, a P/E ratio of 21.89, a PEG ratio of 2.17 and a beta of 0.84. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. On average, research analysts predict that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is 34.48%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Insiders Place Their Bets

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

About Service Co. International

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.