Service Corporation International's (SCI) Hold (C+) Rating Reaffirmed at Weiss Ratings

Key Points

• Service Corporation International's (SCI) stock receives a "hold (C+)" rating from Weiss Ratings, with a consensus rating of "Moderate Buy" and an average price target of $90.25.
• In its latest earnings report, SCI surpassed expectations with a reported $0.88 EPS, exceeding the consensus estimate of $0.84 and showing a year-over-year revenue increase of 3.0%.
• Insider transactions revealed that CEO Thomas L. Ryan sold 150,000 shares valued at over $12 million, reducing his ownership by 13.25%.

Service Corporation International (NYSE:SCI - Get Free Report)'s stock had its "hold (c+)" rating reiterated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also commented on the stock. Oppenheimer increased their price objective on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Raymond James Financial reissued an "outperform" rating and set a $90.00 price objective (up previously from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Service Corporation International has a consensus rating of "Moderate Buy" and an average price target of $90.25.

Service Corporation International Stock Down 1.1%

Shares of NYSE:SCI opened at $82.09 on Wednesday. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $89.37. The company's 50-day moving average price is $80.38 and its two-hundred day moving average price is $79.06. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. The firm has a market cap of $11.51 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.02 and a beta of 0.89.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The company's revenue was up 3.0% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, research analysts forecast that Service Corporation International will post 3.84 EPS for the current fiscal year.

Insider Buying and Selling at Service Corporation International

In related news, Director Ellen Ochoa sold 2,514 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total value of $199,636.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 150,000 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the completion of the transaction, the chief executive officer directly owned 982,333 shares of the company's stock, valued at $79,067,983.17. This represents a 13.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 252,082 shares of company stock valued at $20,117,233 over the last quarter. Insiders own 4.40% of the company's stock.

Hedge Funds Weigh In On Service Corporation International

Several hedge funds have recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in Service Corporation International by 0.9% in the 1st quarter. Deutsche Bank AG now owns 1,024,608 shares of the company's stock valued at $82,174,000 after buying an additional 9,342 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Service Corporation International by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company's stock valued at $74,682,000 after purchasing an additional 10,972 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Service Corporation International by 136.1% in the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock valued at $62,751,000 after purchasing an additional 451,068 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Service Corporation International by 0.3% in the 1st quarter. HighTower Advisors LLC now owns 777,936 shares of the company's stock valued at $62,391,000 after purchasing an additional 2,316 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Service Corporation International by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,978 shares of the company's stock valued at $51,647,000 after purchasing an additional 15,967 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

About Service Corporation International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.

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