Service Corporation International (NYSE:SCI) has a beta value of 0.67 and has seen 1,249,038 shares traded in the recent trading session. The company, currently valued at $9.42 Billion, closed the recent trade at $55.6 per share which meant it gained $2.29 on the day or 4.31% during that session. The SCI stock price is -0.47% off its 52-week high price of $55.86 and 38.97% above the 52-week low of $33.93. If we look at the company’s 10-day average daily trading volume, we find that it stood at 921.2 Million shares traded. The 3-month trading volume is 963.99 Million shares.
The consensus among analysts is that Service Corporation International (SCI) is a Buy stock at the moment, with a recommendation rating of 1.5. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. None out of 4 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.66.
Service Corporation International (NYSE:SCI) trade information
Sporting 4.31% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, May 04 when the SCI stock price touched $55.79- or saw a rise of 0.2%. Year-to-date, Service Corporation International shares have moved 13.4%, while the 5-day performance has seen it change 4.68%. Over the past 30 days, the shares of Service Corporation International (NYSE:SCI) have changed 6.32%. Short interest in the company has seen 4.81 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $56.88, which means that the shares’ value could jump 2.3% from the levels at last check today. The projected low price target is $54 while the price target rests at a high of $61. In that case, then, we find that the latest price level in today’s session is +9.71% off the targeted high while a plunge would see the stock lose -2.88% from the levels at last check today.
Service Corporation International (SCI) estimates and forecasts
Figures show that Service Corporation International shares have underperformed across the wider relevant industry. The company’s shares have gained +15.34% over the past 6 months, with this year growth rate of -7.56%, compared to 10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 13.8% and -45.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be -3.1%.
4 analysts offering their estimates for the company have set an average revenue estimate of $847.77 Million for the current quarter. 4 have an estimated revenue figure of $764.81 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $820.03 Million and $801.03 Million respectively for this quarter and the next, and analysts expect sales will grow by 3.4% for the current quarter and -4.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +20.3% over the past 5 years. Earnings growth for 2021 is a modest +44.7% while over the next 5 years, the company’s earnings are expected to increase by 6.95%.
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Service Corporation International is expected to release its next earnings report between July 27 and August 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.84 at a share yield of 1.57%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.63%.
Service Corporation International (NYSE:SCI)’s Major holders
Insiders own 2.83% of the company shares, while shares held by institutions stand at 87.2% with a share float percentage of 89.73%. Investors are also buoyed by the number of investors in a company, with Service Corporation International having a total of 579 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 15.8 Million shares worth more than $775.71 Million. As of December 30, 2020, Vanguard Group, Inc. (The) held 9.33% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 14.61 Million shares as of December 30, 2020. The firm’s total holdings are worth over $717.11 Million and represent 8.62% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of December 30, 2020, the former fund manager holds about 2.74% shares in the company for having 4646656 shares of worth $228.15 Million while later fund manager owns 4.57 Million shares of worth $233.38 Million as of March 30, 2021, which makes it owner of about 2.7% of company’s outstanding stock.