Zacks: Brokerages Expect Service Co. International (NYSE:SCI) Will Post Earnings of $0.22 Per Share

Equities research analysts expect Service Co. International (NYSE:SCI) to report $0.22 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Service Co. International’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.20. Service Co. International reported earnings per share of $0.47 during the same quarter last year, which would indicate a negative year-over-year growth rate of 53.2%. The firm is scheduled to issue its next earnings report on Monday, August 3rd.

According to Zacks, analysts expect that Service Co. International will report full-year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.44 to $1.79. For the next financial year, analysts forecast that the business will report earnings of $2.03 per share, with EPS estimates ranging from $1.92 to $2.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Service Co. International.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). The company had revenue of $803.00 million during the quarter, compared to the consensus estimate of $792.55 million. Service Co. International had a return on equity of 19.44% and a net margin of 11.50%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share.

Several research analysts have recently commented on SCI shares. Credit Suisse Group reduced their price target on Service Co. International from $46.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. S&P Equity Research reduced their price target on Service Co. International from $53.00 to $47.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating and set a $56.00 price target for the company in a research report on Thursday, March 5th. CSFB reduced their price target on Service Co. International from $46.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Finally, Raymond James restated an “outperform” rating and set a $47.50 target price (down from $58.00) on shares of Service Co. International in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $48.07.

Shares of SCI traded down $0.34 during trading hours on Friday, hitting $39.43. The company had a trading volume of 1,050,417 shares, compared to its average volume of 1,196,969. The company has a market capitalization of $7.02 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.31 and a beta of 0.70. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. Service Co. International has a one year low of $33.93 and a one year high of $52.89. The company’s fifty day moving average price is $37.88 and its two-hundred day moving average price is $43.60.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, June 12th. This represents a $0.76 annualized dividend and a yield of 1.93%. Service Co. International’s dividend payout ratio (DPR) is 40.00%.

In other Service Co. International news, Director W Blair Waltrip bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $34.65 per share, for a total transaction of $69,300.00. Following the purchase, the director now directly owns 595,481 shares in the company, valued at $20,633,416.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Americana Partners LLC purchased a new stake in Service Co. International during the 4th quarter valued at about $25,000. Litman Gregory Asset Management LLC purchased a new stake in Service Co. International during the 1st quarter valued at about $26,000. Lloyd Advisory Services LLC. purchased a new stake in Service Co. International during the 4th quarter valued at about $28,000. Allworth Financial LP grew its stake in Service Co. International by 246.3% during the 1st quarter. Allworth Financial LP now owns 703 shares of the company’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. Finally, NEXT Financial Group Inc grew its stake in Service Co. International by 1,416.0% during the 1st quarter. NEXT Financial Group Inc now owns 758 shares of the company’s stock valued at $30,000 after purchasing an additional 708 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Service Co. International Company Profile

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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