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Thomas L. Ryan, CEO and Chairman of Service Corp International (NYSE:SCI), a company currently valued at $11.3 billion with a P/E ratio of 22, recently executed significant stock transactions. According to InvestingPro analysis, the stock is trading above its Fair Value, with a high Price/Book multiple of 6.8x. On March 10, Ryan sold 50,000 shares of common stock, generating approximately $4.2 million. The shares were sold at an average price of $84.5611, with individual transaction prices ranging from $84.20 to $84.955 per share.
In addition to the sales, Ryan acquired 50,000 shares through the exercise of stock options at a price of $37.53 per share. This transaction was valued at $1,876,500. Following these transactions, Ryan holds 982,333 shares directly. Additionally, he maintains indirect ownership of shares through a children’s trust and a deferred compensation plan, totaling 676,004 shares.
In other recent news, Service Corporation International (SCI) reported its fourth-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $1.06, which narrowly missed the forecast of $1.07. However, the company’s revenue exceeded expectations, reaching $1.09 billion compared to the anticipated $1.08 billion. Analysts from Raymond (NSE:RYMD) James maintained an Outperform rating on SCI, with a price target of $85, following a discussion with the company’s management. The conversation highlighted strategic shifts in pre-need insurance partnerships and a focus on cost management, which are expected to positively impact the company’s long-term earnings. SCI’s management anticipates a return to typical business patterns as the effects of COVID-19 diminish, and they provided a 2025 EPS guidance range of $3.70 to $4.00. Additionally, the company plans to invest $160 million in cemetery development projects. These developments reflect SCI’s strategic initiatives and financial outlook, which continue to garner investor confidence.
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