Servicemaster Global Holdings Inc (SERV) Expected to Post Quarterly Sales of $666.41 Million

Equities analysts expect Servicemaster Global Holdings Inc (NYSE:SERV) to post sales of $666.41 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Servicemaster Global’s earnings, with the lowest sales estimate coming in at $664.00 million and the highest estimate coming in at $668.72 million. Servicemaster Global reported sales of $633.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The firm is scheduled to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that Servicemaster Global will report full year sales of $666.41 million for the current year, with estimates ranging from $2.91 billion to $2.92 billion. For the next year, analysts expect that the company will post sales of $3.06 billion per share, with estimates ranging from $3.05 billion to $3.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Servicemaster Global.

Servicemaster Global (NYSE:SERV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Servicemaster Global had a return on equity of 40.22% and a net margin of 8.16%. The firm had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $795.41 million. During the same period last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Servicemaster Global from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Morgan Stanley raised their price objective on Servicemaster Global from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, September 28th. Robert W. Baird restated a “hold” rating and issued a $51.00 price objective on shares of Servicemaster Global in a research note on Tuesday, September 12th. BidaskClub cut Servicemaster Global from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Finally, Royal Bank of Canada reduced their price objective on Servicemaster Global from $44.00 to $43.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Servicemaster Global has a consensus rating of “Hold” and a consensus price target of $49.00.

In related news, CAO John Patrick Mullen sold 3,646 shares of Servicemaster Global stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $46.47, for a total transaction of $169,429.62. Following the completion of the transaction, the chief accounting officer now directly owns 3,280 shares in the company, valued at $152,421.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Kay Wegner sold 6,562 shares of Servicemaster Global stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total value of $309,267.06. Following the transaction, the insider now owns 6,562 shares of the company’s stock, valued at $309,267.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,464 shares of company stock valued at $1,596,901. 1.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SERV. Bank of Montreal Can grew its holdings in Servicemaster Global by 11.1% in the second quarter. Bank of Montreal Can now owns 6,604 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 659 shares during the period. Russell Investments Group Ltd. grew its holdings in Servicemaster Global by 719.1% in the second quarter. Russell Investments Group Ltd. now owns 21,592 shares of the business services provider’s stock valued at $846,000 after purchasing an additional 18,956 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Servicemaster Global by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 622,537 shares of the business services provider’s stock valued at $24,398,000 after purchasing an additional 38,087 shares during the period. First Trust Advisors LP grew its holdings in Servicemaster Global by 39.2% in the second quarter. First Trust Advisors LP now owns 203,378 shares of the business services provider’s stock valued at $7,970,000 after purchasing an additional 57,295 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in Servicemaster Global by 1.0% in the second quarter. Teacher Retirement System of Texas now owns 10,727 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 106 shares during the period. 99.96% of the stock is currently owned by institutional investors.

Servicemaster Global (NYSE:SERV) opened at $51.91 on Wednesday. Servicemaster Global has a 12 month low of $36.34 and a 12 month high of $52.87. The stock has a market capitalization of $7,064.70, a PE ratio of 23.78 and a beta of 1.00. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12.

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About Servicemaster Global

ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.

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