Service Co. International (NYSE:SCI) Announces Earnings Results

Service Co. International (NYSE:SCI) released its earnings results on Wednesday. The company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79, Briefing.com reports. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS.

Service Co. International Trading Up 6.1 %

SCI traded up $4.65 during mid-day trading on Thursday, hitting $80.86. The stock had a trading volume of 971,716 shares, compared to its average volume of 897,831. Service Co. International has a 1-year low of $52.89 and a 1-year high of $81.40. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. The stock’s fifty day simple moving average is $77.46 and its 200-day simple moving average is $73.97. The firm has a market capitalization of $11.77 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.17 and a beta of 0.84.

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.48%. Service Co. International’s dividend payout ratio is currently 34.48%.

Insider Buying and Selling

In related news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

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.