Equities analysts expect Service Co. International (NYSE:SCI) to post $782.25 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Service Co. International’s earnings, with the highest sales estimate coming in at $791.10 million and the lowest estimate coming in at $773.40 million. Service Co. International reported sales of $769.24 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The firm is scheduled to announce its next earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that Service Co. International will report full year sales of $3.23 billion for the current year, with estimates ranging from $3.20 billion to $3.26 billion. For the next financial year, analysts expect that the firm will post sales of $3.22 billion, with estimates ranging from $3.16 billion to $3.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Service Co. International.
Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.34. The business had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $708.31 million. Service Co. International had a net margin of 12.50% and a return on equity of 20.42%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in SCI. DekaBank Deutsche Girozentrale acquired a new stake in shares of Service Co. International during the second quarter valued at about $37,000. Truvestments Capital LLC purchased a new position in shares of Service Co. International in the first quarter valued at approximately $50,000. Marshall Wace LLP purchased a new position in shares of Service Co. International in the first quarter valued at approximately $60,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Service Co. International in the first quarter valued at approximately $80,000. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of Service Co. International in the second quarter valued at approximately $86,000. Institutional investors and hedge funds own 85.46% of the company’s stock.
Shares of SCI traded up $0.28 during trading hours on Tuesday, reaching $40.55. 1,064,285 shares of the stock traded hands, compared to its average volume of 1,239,859. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 2.04. Service Co. International has a 52-week low of $33.93 and a 52-week high of $52.89. The company’s 50-day moving average price is $45.08 and its two-hundred day moving average price is $40.76. The company has a market cap of $7.15 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76.
Service Co. International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Monday, September 14th. Service Co. International’s dividend payout ratio is presently 40.00%.
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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