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What: Shares of Service Corp.
So what: The company reported revenue of $571.3 million and adjusted earnings per share of $0.18, easily topping estimates of $0.13. The "death services" business also looks strong in 2011, when the company expects earnings per share to be between $0.56 and $0.64 per share. The quarterly dividend was also increased 25% to $0.05 per share.
Now what: The Keystone and Palm acquisitions were credited for much of the improvement this quarter and should continue to help results going forward. The company's forward price/earnings ratio of 17.7 is a little more than I would like to pay for a "death services" business, but the improving results are certainly encouraging.
Interested in more info on Service Corp? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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