Finance
Australia’s largest operator of funeral homes, InvoCare, will be closing its small United States funeral business that it began in 2015 according to an article in the Australian Financial Review Weekend. The company’s American funeral business is headquartered in Los Angeles and used a business model where it relied on digital advertisers to lead client…
Read MoreScott Moore had a nice write-up in the Cerbat Gem Market News and Analysis on death care industry stock Carriage Service. Among other things he pointed to their most recent 13F filing that showed Russell Investment Group bought over $3 million worth of the stock in the 4th quarter of 2016. The article points out…
Read MoreToday we introduce the Funeral Director Daily “Death Care Index” or DCI of the public equity markets. The DCI will consist of six publicly traded companies that deal in the funeral, cremation, cemetery, and pre-need industries and are publicly traded. The companies, which we will describe below, include Matthews International, Service Corporation International, Carriage Services,…
Read MoreCarriage Services (NYSE:CSV) a publicly traded funeral and cemetery services provider has been rated a Strong Buy by three brokerage analysts that cover the stock. The stock closed at $26.55 on Friday, but analysts are looking for a one year price estimate of $30.50. The company also noted that a dividend of $.05 per share…
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Here’s a summary of the remarks of the Service Corporation International Executive Team during the company’s fourth quarter 2016 earnings call. You can access the entire transcript at Seeking Alpha. CEO Thomas Ryan on the growth in the company’s preneed revenue: “We also continue to grow our funeral preneed backlog, hosting a 4% growth…
Read MoreDALLAS, Feb. 14, 2017 /PRNewswire/ — Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Weerts Funeral Home, Inc., headquartered in Davenport, IA, and Riverbend Cremation Service, LLC, in Bettendorf, IA, to Service Corporation International, headquartered in Houston, TX. The acquisition closed February 1,…
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Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, issued fourth quarter 2016 financials. Here are the highlights. Quarterly revenue increased by 5% to $809 due primarily to an increase in cemetery preneed revenue. SCI funeral home revenues were flat. Net income declined by 11% to $66 million…
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REVOSE, Pa., Feb. 08, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today provided additional data on the ongoing restructuring of its sales force. Total salespeople within the salesforce at January 31, 2017 numbered 766, which was 81 more than the prior year comparable period. The salesperson count at January 31,…
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