Service Co. International (NYSE:SCI) Updates Q4 2024 Earnings Guidance

Service Co. International (NYSE:SCI) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.000-1.100 for the period, compared to the consensus earnings per share estimate of 0.770. The company issued revenue guidance of -. Service Co. International also updated its FY 2024 guidance to 3.470-3.570 EPS.

Service Co. International Stock Performance

Service Co. International stock traded down $0.03 on Friday, reaching $81.62. 1,451,994 shares of the stock were exchanged, compared to its average volume of 928,495. The stock has a market cap of $11.79 billion, a PE ratio of 23.73, a PEG ratio of 2.36 and a beta of 0.83. The firm has a fifty day moving average price of $77.65 and a two-hundred day moving average price of $74.11. Service Co. International has a twelve month low of $56.38 and a twelve month high of $83.24. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business earned $0.78 earnings per share. Service Co. International’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.47%. Service Co. International’s dividend payout ratio is 34.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial increased their target price on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday. Finally, StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.25.

Insider Transactions at Service Co. International

In other news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ellen Ochoa sold 2,642 shares of the business’s 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 disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

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.