Today, FY2017 Earnings Forecast for Service Corp. International (SCI) Issued By Oppenheimer Holdings

Today, FY2017 Earnings Forecast for Service Corp. International (SCI) Issued By Oppenheimer Holdings

Service Corp. International (NYSE:SCI) – Analysts at Oppenheimer Holdings cut their FY2017 earnings estimates for shares of Service Corp. International in a research report issued on Friday. Oppenheimer Holdings analyst S. Schneeberger now expects that the firm will post earnings of $1.38 per share for the year, down from their prior forecast of $1.40. Oppenheimer Holdings has a “Outperform” rating and a $32.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Service Corp. International from a “sell” rating to a “hold” rating in a report on Saturday, July 30th. Wells Fargo & Co. assumed coverage on Service Corp. International in a report on Tuesday, August 2nd. They issued a “market perform” rating on the stock. Finally, Bank of America Corp. assumed coverage on Service Corp. International in a report on Friday, September 30th. They issued a “buy” rating and a $32.00 price target on the stock.

Shares of Service Corp. International (NYSE:SCI) opened at 26.47 on Monday. The stock has a 50 day moving average price of $26.46 and a 200-day moving average price of $26.66. The firm has a market capitalization of $5.13 billion, a PE ratio of 28.87 and a beta of 0.81. Service Corp. International has a 52 week low of $20.21 and a 52 week high of $29.68.

Service Corp. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. Service Corp. International had a net margin of 6.13% and a return on equity of 19.48%. The firm earned $751.70 million during the quarter, compared to analyst estimates of $766.81 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, September 13th. Service Corp. International’s dividend payout ratio (DPR) is presently 57.14%.

In other Service Corp. International news, Director Edward E. Williams sold 10,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $27.17, for a total transaction of $271,700.00. Following the transaction, the director now owns 164,917 shares of the company’s stock, valued at approximately $4,480,794.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alan R. Buckwalter III sold 14,944 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $27.40, for a total value of $409,465.60. Following the transaction, the director now directly owns 109,343 shares in the company, valued at approximately $2,995,998.20. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Aviva PLC acquired a new position in shares of Service Corp. International during the second quarter worth $15,748,000. Point72 Asset Management L.P. acquired a new position in shares of Service Corp. International during the second quarter worth $14,666,000. Vanguard Group Inc. raised its position in shares of Service Corp. International by 3.7% in the second quarter. Vanguard Group Inc. now owns 13,487,825 shares of the company’s stock valued at $364,712,000 after buying an additional 479,158 shares during the period. BlackRock Advisors LLC raised its position in shares of Service Corp. International by 444.4% in the second quarter. BlackRock Advisors LLC now owns 538,891 shares of the company’s stock valued at $14,572,000 after buying an additional 439,896 shares during the period. Finally, Sarasin & Partners LLP raised its position in shares of Service Corp. International by 15.3% in the third quarter. Sarasin & Partners LLP now owns 2,847,626 shares of the company’s stock valued at $75,576,000 after buying an additional 378,243 shares during the period. 83.22% of the stock is currently owned by institutional investors.

Service Corp. International Company Profile

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