Service Co. International (SCI) Expected to Post Quarterly Sales of $846.75 Million

Equities analysts expect Service Co. International (NYSE:SCI) to announce sales of $846.75 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Service Co. International’s earnings. The highest sales estimate is $849.50 million and the lowest is $844.00 million. Service Co. International posted sales of $812.73 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The company is scheduled to issue its next earnings results on Tuesday, February 12th.

On average, analysts expect that Service Co. International will report full-year sales of $3.22 billion for the current financial year, with estimates ranging from $3.21 billion to $3.22 billion. For the next fiscal year, analysts expect that the business will post sales of $3.31 billion, with estimates ranging from $3.30 billion to $3.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Service Co. International.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $778.80 million during the quarter, compared to the consensus estimate of $762.60 million. Service Co. International had a net margin of 15.76% and a return on equity of 22.47%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share.

Several brokerages recently weighed in on SCI. Oppenheimer lifted their price objective on shares of Service Co. International from $42.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. Zacks Investment Research downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Finally, Raymond James lifted their price objective on shares of Service Co. International from $45.00 to $47.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Service Co. International currently has a consensus rating of “Buy” and an average target price of $46.17.

NYSE:SCI traded up $0.73 during mid-day trading on Thursday, hitting $43.29. The stock had a trading volume of 616,367 shares, compared to its average volume of 824,307. The company has a market cap of $7.83 billion, a PE ratio of 27.93, a P/E/G ratio of 1.78 and a beta of 1.13. Service Co. International has a 52 week low of $35.19 and a 52 week high of $47.09. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 2.38.

The business also recently declared a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. Service Co. International’s dividend payout ratio (DPR) is 43.87%.

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $44.86, for a total transaction of $2,243,000.00. Following the sale, the chief executive officer now directly owns 976,138 shares in the company, valued at approximately $43,789,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven A. Tidwell sold 9,300 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $45.90, for a total transaction of $426,870.00. Following the sale, the vice president now owns 55,897 shares in the company, valued at $2,565,672.30. The disclosure for this sale can be found here. Insiders have sold a total of 314,400 shares of company stock worth $14,012,985 over the last 90 days. 6.60% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Monument Capital Management grew its stake in shares of Service Co. International by 0.5% in the 4th quarter. Monument Capital Management now owns 56,811 shares of the company’s stock worth $2,287,000 after purchasing an additional 277 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Service Co. International by 5.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 25,348 shares of the company’s stock worth $1,120,000 after purchasing an additional 1,200 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Service Co. International by 3.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 43,149 shares of the company’s stock worth $1,907,000 after purchasing an additional 1,375 shares during the last quarter. HCR Wealth Advisors grew its stake in shares of Service Co. International by 3.3% in the 3rd quarter. HCR Wealth Advisors now owns 43,829 shares of the company’s stock worth $1,919,000 after purchasing an additional 1,409 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Service Co. International by 20.0% in the 2nd quarter. Baird Financial Group Inc. now owns 8,680 shares of the company’s stock worth $311,000 after purchasing an additional 1,449 shares during the last quarter. Institutional investors own 87.14% of the company’s stock.

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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