Media coverage about Service Corporation International (NYSE:SCI) has been trending somewhat positive on Tuesday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Service Corporation International earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.8190578456543 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Another burial gone awry, Montgomery County cemetery owner sued (poconorecord.com)
- Man suing cemetery in The Woodlands after his father’s remains were ‘leaking’ out of his coffin (chron.com)
- Another burial gone awry, Montco cemetery owner sued (philly.com)
- Service Corp.: Quality Company At A Reasonable Price (seekingalpha.com)
- Service Co. International (SCI) Declares Quarterly Dividend of $0.15 (americanbankingnews.com)
Service Corporation International (NYSE:SCI) remained flat at $$34.80 during mid-day trading on Tuesday. The company had a trading volume of 860,500 shares, compared to its average volume of 1,077,577. Service Corporation International has a one year low of $25.69 and a one year high of $36.56. The company has a market cap of $6,480.00, a PE ratio of 22.75, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 2.66.
Service Corporation International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Service Corporation International had a net margin of 11.83% and a return on equity of 24.85%. The company had revenue of $731.30 million for the quarter, compared to analyst estimates of $735.62 million. During the same quarter in the prior year, the business posted $0.26 EPS. Service Corporation International’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts predict that Service Corporation International will post 1.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. Service Corporation International’s dividend payout ratio (DPR) is 31.58%.
SCI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Service Corporation International from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. BidaskClub downgraded shares of Service Corporation International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $37.00 target price (up previously from $34.00) on shares of Service Corporation International in a research report on Friday, July 21st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $40.00 target price (up previously from $38.00) on shares of Service Corporation International in a research report on Friday, November 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $39.75.
In other news, insider Michael R. Webb sold 202,000 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $34.70, for a total transaction of $7,009,400.00. Following the transaction, the insider now owns 622,903 shares in the company, valued at approximately $21,614,734.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Eric D. Tanzberger sold 187,100 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $34.93, for a total transaction of $6,535,403.00. Following the transaction, the chief financial officer now owns 150,217 shares in the company, valued at approximately $5,247,079.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,800 shares of company stock worth $21,109,153. 6.20% of the stock is currently owned by company insiders.
About Service Corporation International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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