Equities research analysts expect that Service Corporation International (NYSE:SCI) will announce $0.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Service Corporation International’s earnings, with estimates ranging from $0.44 to $0.46. Service Corporation International reported earnings per share of $0.47 during the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The company is scheduled to report its next earnings results on Monday, February 12th.
According to Zacks, analysts expect that Service Corporation International will report full year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.45 to $1.51. For the next year, analysts expect that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.55 to $1.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Service Corporation International.
Service Corporation International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. Service Corporation International had a return on equity of 24.85% and a net margin of 11.83%. The firm had revenue of $731.30 million during the quarter, compared to analysts’ expectations of $735.62 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis.
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Shares of Service Corporation International (NYSE SCI) opened at $35.61 on Tuesday. Service Corporation International has a fifty-two week low of $26.43 and a fifty-two week high of $36.56. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.70 and a quick ratio of 0.65. The company has a market capitalization of $6,696.44, a P/E ratio of 23.35, a P/E/G ratio of 2.13 and a beta of 0.96.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 1.68%. Service Corporation International’s dividend payout ratio (DPR) is 31.58%.
In other news, Director W Blair Waltrip sold 2,000 shares of Service Corporation International stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $35.07, for a total value of $70,140.00. Following the completion of the sale, the director now directly owns 661,409 shares of the company’s stock, valued at $23,195,613.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric D. Tanzberger sold 187,100 shares of Service Corporation International stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $34.93, for a total value of $6,535,403.00. Following the completion of the sale, the chief financial officer now directly owns 150,217 shares of the company’s stock, valued at $5,247,079.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 604,800 shares of company stock valued at $21,109,153. 6.20% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its holdings in Service Corporation International by 315.7% in the second quarter. Acrospire Investment Management LLC now owns 3,687 shares of the company’s stock valued at $123,000 after purchasing an additional 2,800 shares during the period. IFP Advisors Inc boosted its holdings in Service Corporation International by 2.1% in the second quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock valued at $142,000 after purchasing an additional 89 shares during the period. CIBC Asset Management Inc purchased a new position in Service Corporation International in the second quarter valued at $210,000. Hartford Investment Management Co. purchased a new position in Service Corporation International in the second quarter valued at $229,000. Finally, Green Square Capital LLC purchased a new position in Service Corporation International in the second quarter valued at $262,000. Hedge funds and other institutional investors own 85.51% of the company’s stock.
About Service Corporation International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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