Service Co. International (NYSE:SCI) Issues Quarterly Earnings Results
Service Co. International (NYSE:SCI) announced its quarterly earnings results on Monday. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47, RTT News reports. Service Co. International had a return on equity of 21.13% and a net margin of 13.92%. The company had revenue of $812.57 million for the quarter, compared to the consensus estimate of $811.01 million. During the same quarter last year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Service Co. International updated its FY 2019 guidance to $1.90-2.00 EPS and its FY19 guidance to $1.90-2.00 EPS.
Shares of Service Co. International stock traded down $0.11 during midday trading on Monday, hitting $47.10. The company had a trading volume of 698,059 shares, compared to its average volume of 1,017,789. The company’s 50 day moving average price is $46.67. The company has a market cap of $8.56 billion, a PE ratio of 26.31, a PEG ratio of 2.16 and a beta of 0.92. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 2.00. Service Co. International has a 1-year low of $37.03 and a 1-year high of $47.87.
In other news, VP Gregory T. Sangalis sold 71,400 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $40.80, for a total value of $2,913,120.00. Following the sale, the vice president now owns 169,383 shares in the company, valued at $6,910,826.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Marcus A. Watts sold 8,130 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $45.71, for a total transaction of $371,622.30. Following the completion of the sale, the director now owns 70,544 shares in the company, valued at approximately $3,224,566.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 409,287 shares of company stock worth $17,844,533. 5.50% of the stock is currently owned by corporate insiders.
Service Co. International Company Profile
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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