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Saturday, June 3, 2023

Service Corporation International (SCI): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Service Corporation International (SCI) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $65.08. The Service Corporation International has recorded 7,399 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND.

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Stocks Info

This NYSE-listed company operates within the Personal Services industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $65.08 and fluctuated between $65.95 as its day high and $64.95 as its day low. The current market capitalization of Service Corporation International is $9.92B. A total of 0.79 million shares were traded on the day, compared to an average of 1.02M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SCI has seen 13 BUY and 12 SELL insider trades, representing the acquisition of 226,848 and the disposition of 178,191 shares. Over the last 12 months, there were 38 BUYs and 44 SELLs from insiders. Insiders purchased 830,391 shares during that period but sold 845,201.

In the most recent transaction, RYAN THOMAS L sold 17,878 shares of SCI for 68.95 per share on May 03. After the transaction, the President, CEO & Chairman now owns 962,409 company shares. In a previous transaction on Feb 24, WARING SUMNER J III sold 29,200 shares at 68.67 per share. SCI shares that Sr.VP& Chief Operating Officer owns now total 338,866.

Among the insiders who sold shares, RYAN THOMAS L disposed of 2,836 shares on Feb 23 at a per-share price of $70.95. This resulted in the President, CEO & Chairman holding 962,409 shares of SCI after the transaction. In another insider transaction, RYAN THOMAS L sold 11,049 shares at $70.87 per share on Feb 22. Company shares held by the President, CEO & Chairman now total 962,409.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Service Corporation International pays an annual dividend of $1.08, resulting in a dividend yield of 1.66%, and it has a price to earnings (P/E) ratio of 20.96. SCI’s most recent ex-dividend date was 6/14/2023 when it declared a $0.27 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 3/31/2023 with an ex-dividend date of 3/14/2023. The SCI stock dividend was $0.27 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SCI in the last 3 months, the mean price target is $81.60 with high estimates of $85.00 and low estimates of $74.00. In terms of 52-week highs and lows, SCI has a high of $75.11 and a low of $56.85.

As of this writing, SCI has an earnings estimate of $0.83 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.9 per share and a lower estimate of $0.78. The company reported an EPS of $0.92 in the last quarter, which was 15.00% higher than expectations of $0.8.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SCI’s latest balance sheet shows that the firm has $268.63M in Cash & Short Term Investments as of fiscal 2021. There were $3.97B in debt and $728.26M in liabilities at the time. Its Book Value Per Share was $10.59, while its Total Shareholder’s Equity was $1.91B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SCI is Buy with a score of 4.75.

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