Service Corp. International (NYSE: SCI) is 3.02% higher on its value in year-to-date trading and has touched a low of $52.89 and a high of $75.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SCI stock was last observed hovering at around $70.26 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $70.52, the stock is -3.24% and -1.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 0.37% at the moment leaves the stock 8.71% off its SMA200. SCI registered -2.19% loss for a year compared to 6-month gain of 26.70%. The firm has a 50-day simple moving average (SMA 50) of $3.64 and a 200-day simple moving average (SMA200) of $11.84.
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The stock witnessed a -6.42% loss in the last 1 month and extending the period to 3 months gives it a 5.84%, and is -1.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.60% over the month.
Service Corp. International (SCI) has around 17612 employees, a market worth around $10.30B and $4.10B in sales. Current P/E ratio is 20.00 and Fwd P/E is 17.51. Profit margin for the company is 13.11%. Distance from 52-week low is 33.33% and -7.17% from its 52-week high. The company has generated returns on investments over the last 12 months (8.62%).
Service Corp. International quarterly earnings per share for the current quarter are estimated at $0.85 with sales reaching $1.02B over the same period.The EPS is expected to grow by 5.18% this year, but quarterly earnings will post 1.40% year-over-year. Quarterly sales are estimated to shrink -0.90% in year-over-year returns.
656 institutions hold shares in Service Corp. International (SCI), with institutional investors hold 95.32% of the company’s shares. The shares outstanding are 146.32M, and float is at 141.87M with Short Float at 3.55%. Institutions hold 92.59% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 15.2 million shares valued at $981.65 million. The investor’s holdings represent 10.07% of the SCI Shares outstanding. As of Jun 29, 2023, the second largest holder is Baillie Gifford and Company with 14.96 million shares valued at $966.04 million to account for 9.91% of the shares outstanding. The other top investors are Blackrock Inc. which holds 13.63 million shares representing 9.04% and valued at over $880.39 million, while Select Equity Group, Inc. holds 4.15% of the shares totaling 6.27 million with a market value of $404.66 million.
Service Corp. International (SCI) Insider Activity
The most recent transaction is an insider sale by COELHO TONY, the company’s Director. SEC filings show that COELHO TONY sold 8,950 shares of the company’s common stock on Mar 13 ’24 at a price of $75.39 per share for a total of $0.67 million. Following the sale, the insider now owns 60887.0 shares.
Service Corp. International disclosed in a document filed with the SEC on Mar 07 ’24 that WARING SUMNER J III (Sr.VP& Chief Operating Officer) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $75.07 per share for $3.75 million. Following the transaction, the insider now directly holds 0.29 million shares of the SCI stock.
Still, SEC filings show that on Mar 06 ’24, RYAN THOMAS L (President, CEO & Chairman) disposed off 50,000 shares at an average price of $75.41 for $3.77 million. The insider now directly holds 988,365 shares of Service Corp. International (SCI).
