Equities research analysts forecast that Service Co. International (NYSE:SCI) will report sales of $823.66 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Service Co. International’s earnings, with the highest sales estimate coming in at $838.68 million and the lowest estimate coming in at $807.70 million. Service Co. International reported sales of $809.05 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, February 12th.
According to Zacks, analysts expect that Service Co. International will report full year sales of $823.66 million for the current financial year, with estimates ranging from $3.09 billion to $3.12 billion. For the next year, analysts forecast that the firm will report sales of $3.24 billion per share, with estimates ranging from $3.21 billion to $3.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Service Co. International.
A number of research firms recently issued reports on SCI. Credit Suisse Group reissued an “outperform” rating and set a $46.00 target price (up from $40.00) on shares of Service Co. International in a research note on Monday. Oppenheimer reissued a “buy” rating and set a $42.00 target price on shares of Service Co. International in a research note on Thursday, January 18th. Off Wall Street began coverage on Service Co. International in a research note on Friday, December 15th. They set a “sell” rating for the company. Finally, Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 target price for the company in a research note on Saturday, October 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Service Co. International presently has an average rating of “Buy” and a consensus price target of $42.00.
Shares of Service Co. International (SCI) traded down $1.50 during trading hours on Wednesday, hitting $37.70. 3,530,000 shares of the company were exchanged, compared to its average volume of 982,908. Service Co. International has a 1-year low of $29.00 and a 1-year high of $40.28. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66. The firm has a market cap of $7,070.00, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95.
In related news, VP Elisabeth G. Nash sold 47,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the completion of the sale, the vice president now directly owns 164,441 shares of the company’s stock, valued at approximately $5,860,677.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R L. Waltrip sold 84,679 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.90, for a total value of $3,209,334.10. Following the sale, the insider now directly owns 765,762 shares of the company’s stock, valued at $29,022,379.80. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of SCI. Green Square Capital LLC bought a new position in shares of Service Co. International during the 2nd quarter worth approximately $262,000. Quantitative Systematic Strategies LLC bought a new position in shares of Service Co. International during the 4th quarter worth approximately $293,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Service Co. International by 44.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,111 shares of the company’s stock worth $377,000 after acquiring an additional 3,128 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Service Co. International by 31.8% during the 4th quarter. Stephens Inc. AR now owns 10,120 shares of the company’s stock worth $378,000 after acquiring an additional 2,443 shares in the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of Service Co. International during the 4th quarter worth approximately $506,000. 85.11% of the stock is owned by institutional investors.
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Service Co. International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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