Tony Coelho, a director at Service Corp International (NYSE:SCI), recently sold shares of the company's common stock. According to a regulatory filing, Coelho disposed of a total of 2,555 shares on November 20, 2024, at prices ranging from $85.62 to $85.65 per share. The total value of the transactions amounted to approximately $218,800. Following these transactions, Coelho now holds 53,324 shares directly. Additionally, he holds 12,200 shares indirectly through a deferred compensation plan.
In other recent news, Service Corporation International (NYSE:SCI) has demonstrated a steady growth trajectory in the third quarter of 2024. The company reported a slight increase in its adjusted earnings per share (EPS), rising to $0.79 from $0.78 in the previous year. Alongside this, SCI made a significant investment of $123 million in acquisitions and $31 million in real estate for future expansion.
The company's operating cash flow also saw an 18% year-over-year increase. Notably, SCI anticipates a fourth-quarter adjusted EPS of $1 to $1.10 and projects an annual EPS growth of 8% to 12% in 2025.
In a move to secure leadership stability, the company extended the employment agreements of several key executives, including Thomas L. Ryan, Eric D. Tanzberger, Sumner J. Waring, III, and Elisabeth G. Nash, until December 31, 2025. This decision was made by OFTC, Inc., a subsidiary of SCI.
These recent developments reflect SCI's strategic focus on growth initiatives and stable leadership as it continues to navigate the personal services sector.
InvestingPro Insights
Following the recent insider sale by director Tony Coelho, it's worth examining Service Corp International's (NYSE:SCI) current financial position and market performance. According to InvestingPro data, SCI boasts a market capitalization of $12.62 billion, reflecting its significant presence in the death care services industry.
The company's P/E ratio stands at 25.14, which aligns with an InvestingPro Tip indicating that SCI is "Trading at a high P/E ratio relative to near-term earnings growth." This valuation metric suggests investors are pricing in expectations for future growth, despite the company's modest revenue growth of 1.9% over the last twelve months.
Another noteworthy InvestingPro Tip highlights that SCI "Has raised its dividend for 11 consecutive years," demonstrating a commitment to shareholder returns. This is particularly relevant given the company's current dividend yield of 1.39% and a dividend growth rate of 3.45% over the last twelve months.
The stock's recent performance has been robust, with a 13.42% price total return over the past month and a striking 43.48% return over the last year. This strong momentum is reflected in another InvestingPro Tip, which notes that SCI is "Trading near 52-week high," with the current price at 98.77% of its 52-week peak.
For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips for Service Corp International, providing a deeper understanding of the company's financial health and market position.
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