Key Points
- CAO Tammy Moore sold 5,000 shares on Feb. 13 at an average price of $80.48 for $402,400, reducing her stake by 18.76% to 21,654 shares (about $1.74M); the sale was disclosed in an SEC filing.
- Service Corporation International reported Q EPS of $1.14 (in line with estimates) and revenue of $1.11B (slightly below consensus, up 1.7% y/y); analysts hold a consensus Buy rating with an average price target of $96.50 and JPMorgan at $110.
Service Corporation International (NYSE:SCI - Get Free Report) CAO Tammy Moore sold 5,000 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $80.48, for a total value of $402,400.00. Following the sale, the chief accounting officer owned 21,654 shares in the company, valued at $1,742,713.92. The trade was a 18.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Service Corporation International Stock Down 0.4%
SCI stock opened at $80.15 on Thursday. The firm has a 50 day moving average of $80.21 and a 200 day moving average of $80.27. The stock has a market capitalization of $11.16 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. Service Corporation International has a 52 week low of $71.75 and a 52 week high of $86.67. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 3.10.
Service Corporation International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $1.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.14. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Service Corporation International had a return on equity of 34.21% and a net margin of 12.59%.The firm's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. Sell-side analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.
Institutional Investors Weigh In On Service Corporation International
Several large investors have recently bought and sold shares of SCI. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Service Corporation International during the third quarter worth approximately $33,000. Root Financial Partners LLC acquired a new position in shares of Service Corporation International during the 3rd quarter worth approximately $34,000. Quent Capital LLC purchased a new stake in shares of Service Corporation International in the third quarter valued at approximately $34,000. Sunbelt Securities Inc. acquired a new stake in shares of Service Corporation International in the third quarter valued at approximately $42,000. Finally, Sentry Investment Management LLC purchased a new position in Service Corporation International during the third quarter worth approximately $46,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SCI has been the topic of several analyst reports. Weiss Ratings raised Service Corporation International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. began coverage on shares of Service Corporation International in a research report on Tuesday, January 20th. They set an "overweight" rating and a $110.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $96.50.
Read Our Latest Stock Report on SCI
About Service Corporation International
(
Get Free Report)
Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.
Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
