Service Co. International (NYSE:SCI) Sets New 1-Year High at $80.51

Service Co. International (NYSE:SCI)’s stock price hit a new 52-week high on Monday . The stock traded as high as $80.51 and last traded at $80.10, with a volume of 63110 shares traded. The stock had previously closed at $79.89.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Oppenheimer upped their price target on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. Finally, Truist Financial lifted their price objective on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.60.

Service Co. International Stock Performance

The stock has a 50-day moving average of $76.22 and a 200 day moving average of $73.20. The firm has a market capitalization of $11.58 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.30 and a beta of 0.84. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.83 EPS. Service Co. International’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.30 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Insider Activity

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 $73,109,359.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 $73,109,359.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Service Co. International

Several hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Service Co. International in the second quarter valued at about $116,000. Sanctuary Advisors LLC bought a new position in Service Co. International during the second quarter worth about $344,000. Heritage Oak Wealth Advisors LLC bought a new position in Service Co. International during the second quarter worth about $395,000. B. Riley Wealth Advisors Inc. bought a new position in Service Co. International during the second quarter worth about $203,000. Finally, Quarry LP boosted its holdings in Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after buying an additional 569 shares during the last quarter. Institutional investors own 85.53% 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.