Service Corporation International (NYSE:SCI) Shares Pass Below Fifty Day Moving Average - Here's Why

Key Points

• SCI shares briefly fell below their 50-day moving average of $81.43, trading as low as $80.75 before last changing hands at $82.87.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $100.67; UBS recently raised its target to $105.
• Recent quarterly results exceeded expectations, with $0.90 EPS and $1.10 billion in revenue, while the company declared a quarterly dividend of $0.36 per share, yielding about 1.7% annually.

Service Corporation International (NYSE:SCI - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $81.43 and traded as low as $80.75. Service Corporation International shares last traded at $82.87, with a volume of 654,474 shares trading hands.

Analyst Upgrades and Downgrades

SCI has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Service Corporation International in a report on Monday. UBS Group increased their price objective on Service Corporation International from $93.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised Service Corporation International from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Service Corporation International Stock Up 2.2%

The business's 50 day moving average is $81.43 and its 200-day moving average is $79.86. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.80 and a beta of 0.80.

Service Corporation International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The business's revenue was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. Equities analysts anticipate that Service Corporation International will post 4.18 EPS for the current fiscal year.

Service Corporation International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. Service Corporation International's dividend payout ratio is currently 37.60%.

Insider Buying and Selling at Service Corporation International

In related news, CEO Thomas Ryan sold 253,391 shares of Service Corporation International stock in a transaction dated 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 sale, the chief executive officer directly owned 1,006,212 shares of the company's stock, valued at $85,779,573. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.40% of the company's stock.

Institutional Trading of Service Corporation International

A number of institutional investors and hedge funds have recently modified their holdings of SCI. Sunbelt Securities Inc. bought a new stake in shares of Service Corporation International in the 3rd quarter valued at approximately $42,000. Root Financial Partners LLC lifted its position in shares of Service Corporation International by 35.7% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company's stock worth $50,000 after buying an additional 161 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Service Corporation International in the 4th quarter valued at $54,000. Danske Bank A S acquired a new stake in Service Corporation International in the 3rd quarter valued at $83,000. Finally, Toronto Dominion Bank bought a new stake in Service Corporation International in the fourth quarter valued at $238,000. 85.53% of the stock is currently owned by institutional investors.

Service Corporation International Company Profile

Service Corporation International NYSE: SCI is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.

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