Service Corp International executive reports stock transactions

HOUSTON, TX — Service Corp International (NYSE:SCI) disclosed stock transactions by its Vice President and Corporate Controller, Tammy R. Moore, in a recent SEC filing. The filing reported multiple transactions involving shares of the company's common stock.

The stock transactions consisted of both acquisitions and disposals of Service Corp International's shares. Specifically, the Vice President exercised options to acquire 18,200 shares at a price of $37.53, which amounts to a total transaction value of $683,046. Additionally, Moore sold the same number of shares at a weighted average price of $74.8121, totaling $1,361,580 in sales.

The transactions took place on August 14, 2024, and were reported in the filing dated August 16, 2024. Following these transactions, Moore's direct ownership in the company stands at 25,815 shares of common stock, in addition to 4,410 shares owned indirectly through a 401(k) plan.

Service Corp International, based in Houston, Texas, operates in the personal services industry, providing end-of-life services and products. The company's shares are traded on the New York Stock Exchange under the ticker symbol SCI.

This SEC Form 4 filing provides public transparency into the stock trading activities of the company's insiders, ensuring that investors have access to critical information about the financial dealings of Service Corp International's executives.

In other recent news, Service Corporation International (SCI) has announced a quarterly cash dividend of $0.30 per share, scheduled for payment to shareholders on record as of September 13, 2024. The company also reported a slight decrease in its adjusted earnings per share (EPS) for Q2 2024, marking $0.79, attributed to a 2.7% fall in funeral volumes due to a decrease in excess deaths and the impact of the COVID-19 pandemic. This decline was partially offset by increased cemetery profits, with gross profits rising by $5 million. SCI reported an increase in adjusted operating cash flow by $62 million from the prior year, reaching $220 million.

Looking forward, SCI expects growth in revenues and margins for both funeral and cemetery segments in the second half of 2024. For 2025, the company projects EPS growth towards the higher end of its historical annual guidance range of 8% to 12%. These recent developments indicate SCI's strategic approach to navigating the challenges within the deathcare industry and its commitment to future growth. Despite the decline in funeral volumes, the company's strategic initiatives, including digital lead generation and investments in technology, signal a commitment to adapting to market conditions and driving future growth.

InvestingPro Insights

Service Corp International (NYSE:SCI), a leader in the personal services industry, has been a subject of interest for investors, especially following the recent insider transactions reported by its Vice President and Corporate Controller, Tammy R. Moore. To provide a deeper understanding of the company's financial health and market performance, we turn to key metrics and insights from InvestingPro.

With a market capitalization standing at $11.02 billion, Service Corp International showcases its significant presence in the market. The company's Price/Earnings (P/E) Ratio is currently at 22.05, which, when adjusted for the last twelve months as of Q2 2024, slightly decreases to 21.72. This indicates that investors are willing to pay a premium for the company's earnings, which could be reflective of the market's positive outlook on its growth potential. However, it is important to note that the company is trading at a high P/E ratio relative to near-term earnings growth, which could suggest that the stock is overvalued.

Moreover, Service Corp International has a Price/Book (P/B) ratio of 7.16 as of the last twelve months, indicating that the market values the company significantly higher than its book value. This could be a sign of investor confidence in the company's ability to generate future profits. Additionally, the firm has demonstrated a steady revenue growth of 2.21% over the last twelve months, which, while modest, still points to a positive trajectory in its operations.

In terms of shareholder returns, Service Corp International has not only maintained dividend payments for 20 consecutive years but has also raised its dividend for 10 consecutive years, with a dividend growth of 11.11% in the last twelve months. This consistent dividend policy underlines the company's commitment to returning value to its shareholders. However, it's worth noting that the company's short-term obligations exceed its liquid assets, which could pose liquidity risks.

InvestingPro Tips reveal that analysts have revised their earnings estimates downwards for the upcoming period, which investors might want to consider when evaluating the company's future performance. Despite this, analysts predict that the company will be profitable this year, which is corroborated by the company being profitable over the last twelve months.

For those seeking more comprehensive analysis, there are additional InvestingPro Tips available for Service Corp International, which can be accessed at: https://www.investing.com/pro/SCI. These tips provide valuable insights into the company's long-term performance, including its high return over the last decade, which could be instrumental for investors looking to make informed decisions.

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