Service Co. International (NYSE:SCI) had its price objective upped by Credit Suisse Group from $46.00 to $50.00 in a research note published on Monday, September 17th. They currently have an outperform rating on the stock.
SCI has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Service Co. International from a hold rating to a sell rating in a research report on Tuesday, June 5th. ValuEngine upgraded shares of Service Co. International from a hold rating to a buy rating in a report on Monday, September 17th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $45.00.
Shares of SCI stock traded up $0.17 on Monday, hitting $43.00. The company’s stock had a trading volume of 2,053,171 shares, compared to its average volume of 1,128,270. The firm has a market cap of $7.97 billion, a PE ratio of 27.74, a PEG ratio of 1.92 and a beta of 0.96. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 2.37. Service Co. International has a fifty-two week low of $33.16 and a fifty-two week high of $44.53.
Service Co. International (NYSE:SCI) last released its earnings results on Monday, July 30th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $796.09 million during the quarter, compared to analyst estimates of $792.56 million. Service Co. International had a net margin of 15.59% and a return on equity of 23.37%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, analysts forecast that Service Co. International will post 1.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a dividend of $0.18 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, September 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.67%. Service Co. International’s payout ratio is presently 43.87%.
In related news, Director Edward E. Williams sold 7,835 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $39.52, for a total value of $309,639.20. Following the sale, the director now owns 56,663 shares of the company’s stock, valued at $2,239,321.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Steven A. Tidwell sold 32,150 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $41.80, for a total transaction of $1,343,870.00. Following the completion of the sale, the vice president now directly owns 78,747 shares in the company, valued at approximately $3,291,624.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 845,985 shares of company stock worth $33,859,909. Insiders own 6.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. boosted its position in Service Co. International by 15.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,715 shares of the company’s stock valued at $442,000 after buying an additional 1,609 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Service Co. International in the second quarter valued at about $970,000. Hirtle Callaghan & Co LLC acquired a new position in Service Co. International in the second quarter valued at about $161,000. Voya Investment Management LLC boosted its position in Service Co. International by 189.7% in the second quarter. Voya Investment Management LLC now owns 431,885 shares of the company’s stock valued at $15,457,000 after buying an additional 282,798 shares in the last quarter. Finally, Waddell & Reed Financial Inc. boosted its position in Service Co. International by 9.9% in the second quarter. Waddell & Reed Financial Inc. now owns 278,820 shares of the company’s stock valued at $9,979,000 after buying an additional 25,080 shares in the last quarter. Hedge funds and other institutional investors own 85.55% 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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