Service Co. International (NYSE:SCI) Posts Quarterly Earnings Results, Beats Estimates By $0.33 EPS


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Service Co. International (NYSE:SCI) issued its earnings results on Sunday. The company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.33, MarketWatch Earnings reports. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $955.77 million. Service Co. International had a return on equity of 24.63% and a net margin of 13.62%. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS.

SCI traded up $3.40 during trading hours on Tuesday, reaching $56.71. The company’s stock had a trading volume of 2,729,244 shares, compared to its average volume of 980,317. Service Co. International has a fifty-two week low of $33.93 and a fifty-two week high of $56.74. The stock has a market cap of $9.61 billion, a PE ratio of 21.54, a P/E/G ratio of 1.62 and a beta of 0.69. The business’s 50-day moving average is $51.49 and its 200-day moving average is $49.72. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.59 and a quick ratio of 0.55.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, March 12th. Service Co. International’s dividend payout ratio is presently 44.21%.

In related news, Director Alan R. Buckwalter III sold 8,022 shares of the company’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $48.51, for a total value of $389,147.22. Following the transaction, the director now directly owns 86,393 shares in the company, valued at $4,190,924.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.70% of the company’s stock.

Several brokerages have recently weighed in on SCI. Oppenheimer restated a “buy” rating and set a $54.00 target price on shares of Service Co. International in a report on Monday. Zacks Investment Research cut Service Co. International from a “strong-buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Tuesday, January 5th.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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Earnings History for Service Co. International (NYSE:SCI)

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