Service Co. International (NYSE:SCI) Releases FY 2024 Earnings Guidance

Service Co. International (NYSE:SCI) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.470-3.570 for the period, compared to the consensus earnings per share estimate of 3.530. The company issued revenue guidance of -. Service Co. International also updated its Q4 guidance to $1.00-1.10 EPS.

Analyst Ratings Changes

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

Service Co. International Trading Down 0.4 %

SCI stock traded down $0.28 during midday trading on Wednesday, reaching $76.18. The company’s stock had a trading volume of 1,065,430 shares, compared to its average volume of 897,626. Service Co. International has a 1 year low of $52.89 and a 1 year high of $81.32. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.17 and a beta of 0.84. The stock has a fifty day simple moving average of $77.46 and a two-hundred day simple moving average of $73.96. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. On average, equities research analysts predict that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Insider Activity

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

Service Co. International Company Profile

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.