Service Co. International (SCI) to Release Earnings on Wednesday

Service Co. International (NYSE:SCI) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Service Co. International to post earnings of $0.79 per share for the quarter. Service Co. International has set its FY24 guidance at $3.50-3.80 EPS and its FY 2024 guidance at 3.500-3.500 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. On average, analysts expect Service Co. International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Service Co. International Trading Down 0.1 %

Shares of SCI opened at $75.94 on Wednesday. The business’s 50-day moving average price is $77.41 and its 200 day moving average price is $73.78. The stock has a market capitalization of $10.97 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.18 and a beta of 0.84. Service Co. International has a 1-year low of $52.89 and a 1-year high of $81.32. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05.

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. Service Co. International’s payout ratio is presently 34.99%.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International 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 directly owns 988,365 shares of the company’s stock, valued at $73,109,359.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction that occurred 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. 5.10% of the stock is owned by corporate insiders.

About Service Co. International

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.