Service Corporation International (NYSE:SCI) Stock Crosses Below 50 Day Moving Average – Time to Sell?
by Mitch Edgeman · The Markets DailyShares of Service Corporation International (NYSE:SCI – Get Free Report) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $81.94 and traded as low as $76.30. Service Corporation International shares last traded at $76.5110, with a volume of 1,054,928 shares traded.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Service Corporation International from a “sell” rating to a “hold” rating in a research report on Sunday, September 20th. UBS Group upped their price objective on shares of Service Corporation International from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Service Corporation International presently has an average rating of “Buy” and an average target price of $100.67.
Get Our Latest Research Report on Service Corporation International
Service Corporation International Trading Up 0.9%
The stock has a market cap of $10.52 billion, a P/E ratio of 20.15, a PEG ratio of 1.70 and a beta of 0.81. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.53 and a quick ratio of 0.49. The business’s 50 day simple moving average is $81.83 and its 200 day simple moving average is $79.55.
Service Corporation International (NYSE:SCI – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company posted $0.88 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. On average, analysts expect that Service Corporation International will post 4.18 earnings per share for the current fiscal year.
Service Corporation International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, September 15th. Service Corporation International’s dividend payout ratio is 37.60%.
Insider Transactions at Service Corporation International
In other Service Corporation International news, CEO Thomas Ryan sold 253,391 shares of Service Corporation International stock in a transaction on Friday, July 31st. The stock was sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the completion of the transaction, the chief executive officer directly owned 1,006,212 shares of the company’s stock, valued at approximately $85,779,573. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Service Corporation International
Several large investors have recently made changes to their positions in SCI. Bank of New York Mellon Corp bought a new stake in Service Corporation International during the second quarter worth about $80,965,000. Turtle Creek Asset Management Inc. raised its stake in shares of Service Corporation International by 12.0% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock valued at $95,835,000 after acquiring an additional 124,151 shares during the last quarter. Aureus Asset Management LLC raised its stake in shares of Service Corporation International by 196.8% in the first quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock valued at $9,257,000 after acquiring an additional 74,387 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Service Corporation International in the 2nd quarter worth approximately $2,904,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Service Corporation International by 3.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company’s stock worth $66,996,000 after acquiring an additional 32,137 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.
About Service Corporation International
Service Corporation International (NYSE:SCI) is a provider of deathcare services in North America. The company operates funeral homes, cemeteries and crematoria, offering funeral, burial, cremation and memorialization services to families.
SCI also provides prearranged funeral and cemetery services, allowing customers to plan and fund arrangements in advance. Its services are marketed through brands including Dignity Memorial, Neptune Society, Funeraria del Angel and Advantage Funeral & Cremation Services.
Founded in 1962 and headquartered in Houston, Texas, Service Corporation International serves communities throughout the United States and Canada.