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

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

Analyst Ratings Changes

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

Read Our Latest Stock Report on Service Co. International

Service Co. International Price Performance

SCI traded down $0.28 during trading on Wednesday, reaching $76.18. 1,065,430 shares of the stock were exchanged, compared to its average volume of 897,626. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.17 and a beta of 0.84. Service Co. International has a 1 year low of $52.89 and a 1 year high of $81.32. The business’s 50 day moving average price is $77.46 and its two-hundred day moving average price is $73.96.

Service Co. International (NYSE:SCIGet Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. Service Co. International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. As a group, equities research analysts anticipate that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Friday, September 13th. Service Co. International’s payout ratio is currently 34.48%.

Insider Activity

In related news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction dated 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 approximately $73,109,359.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen Ochoa sold 2,642 shares of the company’s 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. Company insiders own 5.10% of the company’s stock.

About Service Co. International

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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.

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