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

Service Co. International (NYSE:SCI) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Service Co. International to post earnings of $0.85 per share for the quarter. Service Co. International has set its FY 2024 guidance at 3.500-3.800 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The company’s 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 Up 2.1 %

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

Service Co. International Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. Service Co. International’s payout ratio is presently 32.95%.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, VP Steven A. Tidwell sold 45,995 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $3,469,402.85. Following the completion of the transaction, the vice president now owns 54,354 shares in the company, valued at $4,099,922.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Service Co. International news, VP Steven A. Tidwell sold 45,995 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $3,469,402.85. Following the completion of the transaction, the vice president now owns 54,354 shares in the company, valued at $4,099,922.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 16,580 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $71,359,953. The disclosure for this sale can be found here. Insiders sold 202,675 shares of company stock worth $15,066,906 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. 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 note 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 note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.00.

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.