Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. 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 facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services. In addition, it offers funeral merchandise, including burial caskets and related accessories, urns and other cremation receptacles, outer burial containers, flowers, online and video tributes, stationery products, casket and cremation memorialization products, and other ancillary merchandise. Further, the company's cemeteries provide cemetery property interment rights, such as developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options; and sells cemetery merchandise and services, including memorial markers and bases, outer burial containers, flowers and floral placements, graveside services, merchandise installations, and interments, as well as offers preneed cemetery merchandise and services. Service Corporation International offers its products and services under the Dignity Memorial, Dignity Planning, National Cremation Society, Advantage Funeral and Cremation Services, Funeraria del Angel, Making Everlasting Memories, Neptune Society, and Trident Society brands. As of December 31, 2021, it owned and operated 1,471 funeral service locations; and 488 cemeteries, including 299 funeral service/cemetery combination locations covering 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. The company was incorporated in 1962 and is headquartered in Houston, Texas.
Wall Street Analyst Weigh In
Separately, Oppenheimer raised their price objective on shares of Service Co. International from $64.00 to $74.00 in a report on Monday, May 9th.
Service Co. International Stock Down 0.1 %
Shares of NYSE:SCI traded down $0.08 during mid-day trading on Friday, reaching $64.70. The company had a trading volume of 1,444,513 shares, compared to its average volume of 1,105,769. The company has a current ratio of 0.51, a quick ratio of 0.55 and a debt-to-equity ratio of 2.15. The firm has a 50 day simple moving average of $69.40 and a two-hundred day simple moving average of $66.49. The stock has a market cap of $10.20 billion, a P/E ratio of 13.97, a PEG ratio of 2.13 and a beta of 0.70. Service Co. International has a 52-week low of $57.27 and a 52-week high of $75.11.
Service Co. International (NYSE:SCI - Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.35. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1 billion. Service Co. International had a net margin of 18.38% and a return on equity of 39.67%. The company's revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $1.32 EPS. Sell-side analysts predict that Service Co. International will post 3.52 earnings per share for the current year.
Service Co. International Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, September 14th. Service Co. International's dividend payout ratio (DPR) is 21.60%.
Insider Activity at Service Co. International
In related news, CEO Thomas L. Ryan sold 25,000 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $71.34, for a total value of $1,783,500.00. Following the transaction, the chief executive officer now directly owns 968,909 shares of the company's stock, valued at approximately $69,121,968.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Service Co. International news, Director Ellen Ochoa sold 2,613 shares of the firm's stock in a transaction on Friday, June 10th. The shares were sold at an average price of $68.90, for a total transaction of $180,035.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 25,000 shares of the firm's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $71.34, for a total transaction of $1,783,500.00. Following the transaction, the chief executive officer now directly owns 968,909 shares in the company, valued at $69,121,968.06. The disclosure for this sale can be found here. Insiders have sold 186,216 shares of company stock valued at $13,088,279 in the last ninety days. Insiders own 5.10% of the company's stock.
