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

Service Co. International (NYSE:SCI) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.470-3.570 for the period, compared to the consensus earnings per share estimate of 3.530. The company issued revenue guidance of -. Service Co. International also updated its Q4 guidance to $1.00-1.10 EPS.

Service Co. International Stock Performance

Shares of NYSE SCI traded up $4.65 during midday trading on Thursday, reaching $80.86. 971,716 shares of the stock were exchanged, compared to its average volume of 897,831. Service Co. International has a twelve month low of $52.89 and a twelve month high of $81.40. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The firm has a 50-day simple moving average of $77.46 and a two-hundred day simple moving average of $73.97. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.17 and a beta of 0.84.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, analysts anticipate that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. Service Co. International’s dividend payout ratio is 34.48%.

Analyst Ratings Changes

Separately, StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Insiders Place Their Bets

In related news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the transaction, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

About Service Co. International

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.