Market Overview

Service Corp International Up 15.6% After Hitting 52-Week High (SCI)

Shares of Houston, Texas-based funeral home and cemetery operator Service Corporation International (NYSE: SCI) are trading up 15.6% at $10.51 per share during the Thursday afternoon trading session. The day's trading range for shares of Service Corporation International has been between $9.11 and a 52-week high of $10.50 per share. Analysts covering the company's stock give it a consensus price target of $11.00 per share.

Volume of 3.1 million shares is already more than 3 times the daily average volume of 880,000 shares.

Service Corporation International (SCI) announced after the market closed on Wednesday that it beat consensus Wall Street expectations. Service Corporation International announced 4th quarter adjusted earnings per share of 18 cents, on revenue of $571.3 million.

According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 13 cents per share, on revenue of $563.94 million.

Service Corporation International is North America's leading provider of deathcare products and services, with 1,405 funeral homes and 381 cemeteries (of which 218 are combination locations) in 43 states, eight Canadian provinces, the District of Columbia and Puerto Rico.

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Posted-In: Earnings News Movers

 

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