Equities research analysts expect that Service Corporation International (NYSE:SCI) will report $738.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Service Corporation International’s earnings, with estimates ranging from $737.10 million to $740.80 million. Service Corporation International posted sales of $721.47 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The business is scheduled to report its next earnings results on Wednesday, October 25th.
On average, analysts expect that Service Corporation International will report full year sales of $738.95 million for the current year. For the next financial year, analysts expect that the business will post sales of $3.21 billion per share, with estimates ranging from $3.19 billion to $3.23 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Service Corporation International.
Service Corporation International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $769.57 million. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share.
Several equities analysts recently issued reports on the company. BidaskClub raised Service Corporation International from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered Service Corporation International from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Deutsche Bank AG assumed coverage on Service Corporation International in a research note on Monday, May 1st. They set a “buy” rating and a $40.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $37.00 target price (up previously from $34.00) on shares of Service Corporation International in a research note on Friday, July 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Service Corporation International currently has a consensus rating of “Buy” and an average target price of $36.50.
Service Corporation International (NYSE SCI) opened at 34.73 on Tuesday. Service Corporation International has a 52 week low of $24.90 and a 52 week high of $35.50. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 18.82 and a beta of 0.93. The stock’s 50 day moving average price is $33.37 and its 200 day moving average price is $31.54.
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In other Service Corporation International news, Director Edward E. Williams sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $32.12, for a total transaction of $321,200.00. Following the sale, the director now owns 165,372 shares in the company, valued at approximately $5,311,748.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 51,394 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $32.55, for a total value of $1,672,874.70. Following the sale, the chief executive officer now owns 1,119,503 shares in the company, valued at approximately $36,439,822.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 210,000 shares of company stock worth $6,725,578. 6.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCI. IFP Advisors Inc increased its position in Service Corporation International by 2.1% in the second quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock worth $142,000 after buying an additional 89 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Service Corporation International during the second quarter worth approximately $210,000. Rothschild Asset Management Inc. increased its position in Service Corporation International by 4.7% in the second quarter. Rothschild Asset Management Inc. now owns 526,177 shares of the company’s stock worth $17,601,000 after buying an additional 23,389 shares during the last quarter. Hartford Investment Management Co. acquired a new position in Service Corporation International during the second quarter worth approximately $229,000. Finally, Russell Investments Group Ltd. increased its position in Service Corporation International by 36.0% in the second quarter. Russell Investments Group Ltd. now owns 66,830 shares of the company’s stock worth $2,235,000 after buying an additional 17,683 shares during the last quarter. Institutional investors and hedge funds own 85.83% of the company’s stock.
Service Corporation International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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