Analysts Expect Service Co. International (SCI) Will Post Quarterly Sales of $809.71 Million

Equities research analysts forecast that Service Co. International (NYSE:SCI) will post sales of $809.71 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Service Co. International’s earnings. The highest sales estimate is $821.20 million and the lowest is $796.10 million. Service Co. International reported sales of $777.71 million in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The business is expected to report its next quarterly earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Service Co. International will report full-year sales of $809.71 million for the current financial year, with estimates ranging from $3.20 billion to $3.21 billion. For the next financial year, analysts anticipate that the business will post sales of $3.34 billion per share, with estimates ranging from $3.31 billion to $3.37 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Service Co. International.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. The business had revenue of $812.73 million for the quarter, compared to analysts’ expectations of $823.66 million. Service Co. International had a return on equity of 23.68% and a net margin of 17.66%. During the same period last year, the firm earned $0.47 earnings per share.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a report on Saturday, October 28th. Deutsche Bank raised their price target on Service Co. International from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Credit Suisse Group reissued an “outperform” rating and set a $40.00 price target (up from $38.00) on shares of Service Co. International in a report on Friday, November 3rd. Oppenheimer reissued a “buy” rating and set a $42.00 price target on shares of Service Co. International in a report on Thursday, January 18th. Finally, Off Wall Street assumed coverage on Service Co. International in a report on Friday, December 15th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Service Co. International has an average rating of “Buy” and an average target price of $42.50.

Service Co. International (NYSE SCI) traded down $0.40 during trading hours on Friday, reaching $38.45. The company’s stock had a trading volume of 843,477 shares, compared to its average volume of 1,410,000. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $7,210.00, a PE ratio of 13.54, a PEG ratio of 1.85 and a beta of 0.95. Service Co. International has a twelve month low of $30.02 and a twelve month high of $40.28.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.17 per share. This is a positive change from Service Co. International’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.77%. Service Co. International’s dividend payout ratio (DPR) is presently 21.13%.

Service Co. International declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 13th that permits the company to buyback $298.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, insider R L. Waltrip sold 84,679 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $37.90, for a total transaction of $3,209,334.10. Following the completion of the transaction, the insider now owns 765,762 shares in the company, valued at $29,022,379.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tony Coelho sold 3,110 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $39.11, for a total value of $121,632.10. Following the transaction, the director now owns 63,240 shares of the company’s stock, valued at approximately $2,473,316.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,789 shares of company stock valued at $5,006,046. Company insiders own 6.20% of the company’s stock.

Several institutional investors have recently modified their holdings of SCI. BlackRock Inc. grew its position in Service Co. International by 2.4% in the fourth quarter. BlackRock Inc. now owns 16,476,818 shares of the company’s stock worth $614,914,000 after acquiring an additional 387,530 shares in the last quarter. State Street Corp grew its position in Service Co. International by 0.4% in the second quarter. State Street Corp now owns 4,961,421 shares of the company’s stock worth $165,957,000 after acquiring an additional 20,669 shares in the last quarter. Sarasin & Partners LLP grew its position in Service Co. International by 4.3% in the fourth quarter. Sarasin & Partners LLP now owns 3,753,482 shares of the company’s stock worth $140,080,000 after acquiring an additional 156,370 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Service Co. International by 5.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 2,125,475 shares of the company’s stock worth $79,323,000 after acquiring an additional 115,432 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Service Co. International by 59.6% in the fourth quarter. Acadian Asset Management LLC now owns 2,116,863 shares of the company’s stock worth $79,000,000 after acquiring an additional 790,166 shares in the last quarter. Hedge funds and other institutional investors own 82.94% of the company’s stock.

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About Service Co. 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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