Equities analysts expect Service Co. International (NYSE:SCI) to report $844.30 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Service Co. International’s earnings. The lowest sales estimate is $842.70 million and the highest is $845.90 million. Service Co. International posted sales of $820.81 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, February 17th.
On average, analysts expect that Service Co. International will report full-year sales of $3.22 billion for the current year, with estimates ranging from $3.22 billion to $3.23 billion. For the next fiscal year, analysts anticipate that the company will report sales of $3.32 billion, with estimates ranging from $3.29 billion to $3.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Service Co. International.
Several brokerages have recently commented on SCI. Zacks Investment Research downgraded Service Co. International from a “hold” rating to a “sell” rating and set a $47.00 target price for the company. in a research note on Monday, December 9th. Credit Suisse Group restated a “buy” rating and issued a $52.00 target price on shares of Service Co. International in a research note on Monday, November 4th.
A number of hedge funds have recently added to or reduced their stakes in SCI. Marshall Wace LLP acquired a new stake in shares of Service Co. International during the 1st quarter worth approximately $60,000. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Service Co. International by 19.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 241,785 shares of the company’s stock worth $9,708,000 after purchasing an additional 39,785 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Service Co. International by 3.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,753 shares of the company’s stock worth $690,000 after purchasing an additional 485 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Service Co. International by 0.6% during the 2nd quarter. BlackRock Inc. now owns 16,219,458 shares of the company’s stock worth $758,745,000 after purchasing an additional 102,413 shares in the last quarter. Finally, Dudley & Shanley Inc. grew its holdings in shares of Service Co. International by 7.7% during the 3rd quarter. Dudley & Shanley Inc. now owns 745,793 shares of the company’s stock worth $35,656,000 after purchasing an additional 53,020 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.
Shares of SCI traded up $1.32 during trading hours on Friday, hitting $49.96. The stock had a trading volume of 1,302,900 shares, compared to its average volume of 671,777. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $47.49 and a 200-day simple moving average of $46.25. The firm has a market capitalization of $8.67 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. Service Co. International has a 1-year low of $38.92 and a 1-year high of $50.10.
About Service Co. International
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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