Service Corporation International (NYSE:SCI - Get Free Report) CEO Thomas Ryan sold 253,391 shares of Service Corporation International stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the transaction, the chief executive officer owned 1,006,212 shares of the company's stock, valued at $85,779,573. This represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Service Corporation International Trading Down 0.5%
NYSE:SCI opened at $85.47 on Wednesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.53 and a quick ratio of 0.49. Service Corporation International has a one year low of $68.41 and a one year high of $90.99. The company has a market cap of $11.65 billion, a PE ratio of 22.32, a PEG ratio of 1.90 and a beta of 0.81. The firm has a 50-day moving average of $76.89 and a 200-day moving average of $79.61.
Service Corporation International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.08 billion. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities research analysts expect that Service Corporation International will post 4.2 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on SCI. Weiss Ratings cut Service Corporation International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, June 3rd. Wall Street Zen raised Service Corporation International from a "sell" rating to a "hold" rating in a research report on Saturday. UBS Group raised their price objective on Service Corporation International from $93.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Service Corporation International from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Service Corporation International currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.67.
View Our Latest Report on Service Corporation International
Hedge Funds Weigh In On Service Corporation International
Several hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in shares of Service Corporation International in the 3rd quarter worth approximately $42,000. V Square Quantitative Management LLC bought a new position in shares of Service Corporation International in the fourth quarter valued at approximately $46,000. Root Financial Partners LLC increased its position in shares of Service Corporation International by 35.7% during the first quarter. Root Financial Partners LLC now owns 612 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Service Corporation International during the fourth quarter valued at approximately $54,000. Finally, Danske Bank A S bought a new stake in Service Corporation International during the third quarter worth $83,000. Institutional investors own 85.53% of the company's stock.
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.
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