Interactive Brokers shares jump as it secures spot in S&P 500
Tony Coelho, a director at Service Corp International (NYSE:SCI), a $10.7 billion funeral services provider trading at a P/E ratio of 20.7x, recently sold 5,400 shares of the company’s common stock. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. The shares were sold at a price of $75.94 each, amounting to a total transaction value of $410,076. Following this sale, Coelho holds 43,938 shares directly. Additionally, he maintains an indirect ownership of 12,200 shares through a Deferred Compensation Plan. InvestingPro subscribers can access comprehensive insider trading patterns and 8 additional key insights about SCI’s valuation and financial health through the Pro Research Report.
In other recent news, Service Corporation International (SCI) reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an adjusted earnings per share (EPS) of $0.96, compared to the forecasted $0.93. Revenue for the quarter was $1.07 billion, aligning with projections. Despite these positive earnings results, SCI’s stock experienced a decline of 4.88% in after-hours trading, reflecting investor concerns about future growth prospects. The company confirmed its full-year EPS guidance range of $3.70 to $4.00, indicating a potential midpoint growth of 9% year-over-year. SCI also reported a significant increase in adjusted operating cash flow, which rose by $90 million to $316 million, showcasing the company’s strategic focus on enhancing its sales process. Analysts from firms like Oppenheimer and UBS have shown interest in SCI’s transition to an insurance-funded preneed model and its implications for future sales. The company anticipates flat to slightly declining funeral volume in 2025, which could impact revenue growth. Additionally, SCI plans to continue its capital deployment strategy, including share repurchases and dividends, to return value to shareholders.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.