Service Co. International (NYSE:SCI) Releases FY 2022 Earnings Guidance

Service Co. International (NYSE:SCIGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $3.30-$3.70 for the period, compared to the consensus EPS estimate of $3.52. The company issued revenue guidance of -. Service Co. International also updated its FY22 guidance to $3.30-3.70 EPS.

Wall Street Analyst Weigh In

Separately, Oppenheimer upped their price target on shares of Service Co. International from $64.00 to $74.00 in a report on Monday, May 9th.

Service Co. International Stock Down 0.1 %

Service Co. International stock traded down $0.08 during midday trading on Friday, hitting $64.70. 1,439,261 shares of the company’s stock were exchanged, compared to its average volume of 979,475. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.55 and a current ratio of 0.51. Service Co. International has a 12 month low of $57.27 and a 12 month high of $75.11. The firm has a 50-day moving average of $69.40 and a two-hundred day moving average of $66.49. The company has a market cap of $10.27 billion, a PE ratio of 13.97, a P/E/G ratio of 2.18 and a beta of 0.70.

Service Co. International (NYSE:SCIGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.35. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1 billion. Service Co. International had a net margin of 18.38% and a return on equity of 39.67%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. As a group, analysts expect that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, September 14th. Service Co. International’s payout ratio is 21.60%.

Service Co. International announced that its board has approved a stock buyback plan on Wednesday, May 4th that permits the company to buyback $394.00 million in shares. This buyback authorization permits the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 12,153 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $69.22, for a total transaction of $841,230.66. Following the completion of the sale, the chief executive officer now directly owns 968,909 shares of the company’s stock, valued at $67,067,880.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Gregory T. Sangalis sold 22,800 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $69.29, for a total value of $1,579,812.00. Following the completion of the transaction, the vice president now directly owns 128,181 shares of the company’s stock, valued at approximately $8,881,661.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 12,153 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $69.22, for a total transaction of $841,230.66. Following the completion of the transaction, the chief executive officer now directly owns 968,909 shares of the company’s stock, valued at $67,067,880.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,216 shares of company stock valued at $13,088,279. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Service Co. International

Institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP grew its stake in shares of Service Co. International by 62.5% during the 1st quarter. Engineers Gate Manager LP now owns 18,083 shares of the company’s stock worth $1,190,000 after purchasing an additional 6,953 shares during the period. APG Asset Management N.V. grew its stake in shares of Service Co. International by 30.1% during the 1st quarter. APG Asset Management N.V. now owns 17,700 shares of the company’s stock worth $1,047,000 after purchasing an additional 4,100 shares during the period. American Century Companies Inc. grew its stake in shares of Service Co. International by 10.2% during the 1st quarter. American Century Companies Inc. now owns 11,544 shares of the company’s stock worth $760,000 after purchasing an additional 1,068 shares during the period. Verition Fund Management LLC grew its stake in shares of Service Co. International by 11.7% during the 1st quarter. Verition Fund Management LLC now owns 9,833 shares of the company’s stock worth $647,000 after purchasing an additional 1,030 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Service Co. International by 210.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,792 shares of the company’s stock worth $579,000 after purchasing an additional 5,960 shares during the period. 84.03% of the stock is owned by hedge funds and other institutional investors.

Service Co. International Company Profile

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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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