W. Blair Waltrip, a director at Service Corp International (NYSE:SCI), recently executed stock transactions involving the company's common stock. The company, currently valued at $12.4 billion, has shown strong performance with a ~28% return over the past year according to InvestingPro data. On December 12, Waltrip sold a total of 3,334 shares at a price of $86.20 per share, amounting to approximately $287,390. These shares were held indirectly by the Waltrip 1997 Grandchildren's Trust, as noted in the filing. Following these transactions, Waltrip retains direct ownership of 564,740 shares and indirect ownership of additional shares through various trusts. The stock is trading near its 52-week high of $89.37 and currently appears overvalued based on InvestingPro Fair Value analysis. Notably, SCI has maintained dividend payments for 20 consecutive years, demonstrating consistent shareholder returns.
In other recent news, Service Corporation International (NYSE:SCI) has reported a slight increase in its adjusted earnings per share (EPS) for the third quarter of 2024, rising to $0.79 from $0.78 in the previous year. This growth was accompanied by an $123 million investment 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.
Additionally, SCI has extended the contracts of several key executives until 2025, including Thomas L. Ryan, Eric D. Tanzberger, Sumner J. Waring, III, and Elisabeth G. Nash. This move underlines the company's commitment to maintaining leadership continuity. The specifics of these employment agreements were detailed in the company's Proxy Statement filed earlier this year.
Furthermore, in the latest earnings conference call, SCI's management highlighted a strong outlook for the coming year, with expectations of returning to 8% to 12% annual EPS growth in 2025. The company also expects fourth-quarter adjusted EPS of $1 to $1.10. These recent developments provide investors with a clearer picture of SCI's financial trajectory and executive management plans.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.