Service Co. International (NYSE:SCI) Releases FY 2024 Earnings Guidance

Service Co. International (NYSE:SCI - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.500-3.800 for the period, compared to the consensus earnings per share estimate of 3.650. The company issued revenue guidance of -. Service Co. International also updated its FY24 guidance to $3.50-3.80 EPS.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Oppenheimer increased their price objective on shares of Service Co. International from $71.00 to $76.00 and gave the company an outperform rating in a research report on Friday, February 16th. UBS Group lifted their price objective on shares of Service Co. International from $72.00 to $79.00 and gave the stock a buy rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $75.00.

Service Co. International Price Performance

Service Co. International stock traded down $0.31 during trading on Wednesday, reaching $71.40. The company had a trading volume of 1,950,843 shares, compared to its average volume of 831,898. The firm's 50-day simple moving average is $72.36 and its 200 day simple moving average is $67.09. Service Co. International has a 1-year low of $52.89 and a 1-year high of $75.97. The firm has a market capitalization of $10.46 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.62 and a current ratio of 0.67.

Service Co. International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.04. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.02 billion. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The business's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, equities research analysts anticipate that Service Co. International will post 3.62 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.68%. This is a positive change from Service Co. International's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 14th. Service Co. International's dividend payout ratio (DPR) is 32.95%.

Insiders Place Their Bets

In related news, VP Steven A. Tidwell sold 45,995 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $3,469,402.85. Following the completion of the sale, the vice president now owns 54,354 shares of the company's stock, valued at $4,099,922.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Service Co. International news, Director W Blair Waltrip sold 6,150 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $74.38, for a total transaction of $457,437.00. Following the completion of the transaction, the director now owns 597,948 shares of the company's stock, valued at $44,475,372.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Steven A. Tidwell sold 45,995 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total transaction of $3,469,402.85. Following the completion of the sale, the vice president now directly owns 54,354 shares in the company, valued at $4,099,922.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,675 shares of company stock valued at $15,066,906. Insiders own 4.60% of the company's stock.

Service Co. International Company Profile

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.

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