Service Co. International (NYSE:SCI) Posts Quarterly Earnings Results, Meets Expectations

Service Co. International (NYSE:SCI) announced its quarterly earnings results on Wednesday. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79, Briefing.com reports. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm posted $0.78 EPS. The firm’s revenue was up 1.2% on a year-over-year basis.

Service Co. International Trading Up 6.1 %

Shares of NYSE:SCI traded up $4.65 during trading on Thursday, reaching $80.86. The stock had a trading volume of 971,716 shares, compared to its average volume of 897,831. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. Service Co. International has a 52 week low of $52.89 and a 52 week high of $81.40. The firm’s fifty day moving average is $77.46 and its 200 day moving average is $73.97. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.17 and a beta of 0.84.

Service Co. International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio is currently 34.48%.

Insider Activity at Service Co. International

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.