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Wednesday, May 12, 2021

Renewed Optimism is Surrounding Service Corporation International (NYSE:SCI)

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Service Corporation International (SCI) shares are trading at higher $46.22 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $49.33.

To add more color to this target, the company’s high over the last year is $52.89 and the low is $33.93. Over the last 52 weeks, SCI is up 1.58% while the S&P 500 is up 8.50%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SCI reported a profit of $218.77 million. Service Corporation International also saw revenues increase to $820.03 million. In addition, SCI has free cash flow of $259.47 million as of 06-2020. The company’s EBITDA came in at $247.12 million which compares well with its peers.

SCI booked profit margins of 12.50%, its Return on Equity (ROE) is 22.80%, and its Return on Assets is 3.00%. All told, it is clear that, SCI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SCI has a short ratio of 5.33 and outstanding shares of 177.90M.

Company Outlook

SCI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.74 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.21. Service Corporation International SCI also noted assets of $13.49 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SCI has historically followed its peers on positive news.

All told, Service Corporation International SCI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SCI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Service Corporation International SCI is now commanding a market cap of 8.18B and a float of 171.47M. SCI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SCI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SCI, either long or short, and we have not been compensated for this article.

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