The stock of Service Corporation International (NYSE:SCI) increased by $0.29 on Friday to finish at $63.23, up 0.46 percent. The last five days have seen an average of 632,440 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$5.91. The average number of shares traded over the last 20 days was 931,715, while the average volume over the last 50 days totaled 993,684.
SCI stock dropped -5.58% since last month. On 08/22/23, the company’s shares reached a one-month low of $61.52. The stock touched a high of $74.66 on 02/02/23, after rallying from a low of $56.85 in 52 weeks. The price of SCI stock has declined by -8.55% or -$5.91 this year, reaching a new high 10 times. Still, the stock price is down -15.31% from the 52-week high.
Insider Transactions
SCI stock investors should be aware that Service Corporation International (SCI) stock had its last reported insider trading activity 21 days ago on Aug 07. On Aug 07, President, CEO & Chairman RYAN THOMAS L sold 1,000 shares at $65.31 each. This transaction resulted in the insider making $65,309. On Aug 04, RYAN THOMAS L sold 47,310 shares at a price of US$65.37. After the transaction, the insider now owns 962,409 shares. President, CEO & Chairman RYAN THOMAS L had earlier sold 33 shares on May 22 for $65.55 a share. The transaction was completed for $2,163.
Valuation Metrics
Service Corporation International (SCI) has a trailing price-to-earnings (P/E) ratio of 20.10. Beta for the stock is 0.77. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.35, the price-to-book (PB) ratio of 5.81, and the price-to-cash flow ratio of 29.47.
Company paid $0.39 per share in dividends, an increase of 44.44% from $0.27 last year.
Financial Health
For the three months ended June 29, Service Corporation International’s quick ratio was 0.40, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.71, and the total debt to equity ratio is 2.74. As far as profitability goes, gross margin for the trailing twelve months is 26.20% percent. Service Corporation International’s EBITDA margin for the year ended June 29 was 29.33%, whereas its operating margin stood at 21.00% for the same period. Based on annual data, it had gross profit of $1.15 billion and revenue of $4.11 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SCI’s return on assets (ROA) during the last 12 months has been 3.20%. There was a 12.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 29.60%.
Earnings Surprise
According to Service Corporation International’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.76 billion, while revenues rose by 56.25% to $1.13 billion. It was predicted that Service Corporation International’s quarterly earnings would be $0.83, but it ended up being $0.81, beating the consensus by 2.50%. EBITDA was $314.18 million for the quarter. At the end of Service Corporation International’s most recent quarter ended June 29, its liabilities totaled 14.03 billion, while its total debt was $4.51 billion. Equity owned by shareholders amounts to $150.86 million.
Technical Picture
Here’s a quick look at Service Corporation International’s (SCI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 50.86%, suggesting the stock is Neutral, with a 11.01% historical volatility rate.
The stochastic %K and %D were 39.12% and 24.47% respectively, while the average true range (ATR) was 1.13. Based on the 14-day stochastic reading of 57.19%, the RSI (14) reading is 46.80%. On the 9-day MACD Oscillator, the stock is at 0.64, and the 14-day reading is at 0.32.
Analyst Ratings
In its analyst report released on October 07, 2022, Truist began covering Service Corporation International (NYSE: SCI). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Service Corporation International (SCI) an Buy rating. SCI is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is SCI’s price target for the next 12 months?
The current consensus forecast for the stock is between $74.00 and $80.00, with a median target price of $80.00. In analyzing these forecasts, the average price target given by analysts for Service Corporation International (SCI) is $77.80.
