Service Corporation International (NYSE:SCI) Posts Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Service Corporation International reported $0.97 in quarterly EPS, missing consensus estimates by $0.02, while revenue of $1.11 billion exceeded analysts’ $1.10 billion forecast.
• The company maintains a quarterly dividend of $0.36, equivalent to $1.44 annually and a 1.8% yield, with a 37.6% payout ratio.
• Analysts remain positive, with a consensus “Buy” rating and an average price target of $100.67; SCI shares traded at $82.28 following the results.

Service Corporation International (NYSE:SCI - Get Free Report) posted its earnings results on Wednesday. The company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.02), FiscalAI reports. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.

Service Corporation International Stock Performance

SCI traded down $0.23 during trading on Wednesday, hitting $82.28. The stock had a trading volume of 1,363,213 shares, compared to its average volume of 1,191,934. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53. The firm has a market capitalization of $11.21 billion, a P/E ratio of 21.48, a PEG ratio of 1.85 and a beta of 0.81. The company's 50-day moving average price is $80.31 and its 200 day moving average price is $80.01. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99.

Service Corporation International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Service Corporation International's payout ratio is currently 37.60%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings raised Service Corporation International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, October 21st. UBS Group increased their price objective on Service Corporation International from $93.00 to $105.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Service Corporation International from a "sell" rating to a "hold" rating in a research report on Sunday, September 20th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Service Corporation International presently has a consensus rating of "Buy" and an average price target of $100.67.

Insider Buying and Selling

In other news, CEO Thomas Ryan sold 253,391 shares of Service Corporation International stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $85.25, for a total value of $21,601,582.75. Following the sale, the chief executive officer owned 1,006,212 shares of the company's stock, valued at $85,779,573. The trade was a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company's stock.

About Service Corporation International

Service Corporation International NYSE: SCI is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.

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