Equities research analysts predict that ServiceMaster Global Holdings, Inc. (NYSE:SERV) will post $797.63 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for ServiceMaster Global Holdings’ earnings, with the lowest sales estimate coming in at $796.35 million and the highest estimate coming in at $798.90 million. ServiceMaster Global Holdings posted sales of $758.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The company is scheduled to announce its next quarterly earnings results on Friday, October 13th.

On average, analysts expect that ServiceMaster Global Holdings will report full year sales of $797.63 million for the current year, with estimates ranging from $2.91 billion to $2.92 billion. For the next financial year, analysts anticipate that the company will report sales of $3.07 billion per share, with estimates ranging from $3.06 billion to $3.09 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow ServiceMaster Global Holdings.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The firm had revenue of $807 million during the quarter, compared to analysts’ expectations of $806.64 million. During the same period last year, the business earned $0.67 earnings per share. ServiceMaster Global Holdings’s revenue was up 8.0% compared to the same quarter last year.

SERV has been the subject of a number of research analyst reports. Instinet upped their price objective on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a research note on Thursday, May 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Credit Suisse Group reaffirmed an “outperform” rating and set a $52.00 price objective (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research note on Tuesday, August 1st. BidaskClub raised shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 price objective on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.57.

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ServiceMaster Global Holdings (NYSE:SERV) traded down 0.72% during midday trading on Tuesday, reaching $46.78. 730,998 shares of the company traded hands. The firm has a market capitalization of $6.24 billion, a PE ratio of 28.52 and a beta of 1.05. ServiceMaster Global Holdings has a 12 month low of $32.41 and a 12 month high of $47.35. The company’s 50-day moving average price is $43.48 and its 200 day moving average price is $40.42.

In related news, insider Mary Kay Wegner sold 22,841 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $44.40, for a total transaction of $1,014,140.40. Following the completion of the sale, the insider now owns 5,572 shares of the company’s stock, valued at approximately $247,396.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy M. Haynes sold 5,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $45.90, for a total transaction of $229,500.00. Following the sale, the insider now directly owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,225,655 shares of company stock valued at $52,344,228. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC acquired a new stake in ServiceMaster Global Holdings during the second quarter worth about $406,000. Sterling Capital Management LLC increased its stake in ServiceMaster Global Holdings by 41.1% in the second quarter. Sterling Capital Management LLC now owns 18,351 shares of the business services provider’s stock worth $719,000 after buying an additional 5,348 shares during the period. Atlanta Capital Management Co. L L C increased its stake in ServiceMaster Global Holdings by 42.7% in the second quarter. Atlanta Capital Management Co. L L C now owns 5,196,144 shares of the business services provider’s stock worth $203,636,000 after buying an additional 1,554,084 shares during the period. Argent Capital Management LLC increased its stake in ServiceMaster Global Holdings by 2.5% in the second quarter. Argent Capital Management LLC now owns 10,390 shares of the business services provider’s stock worth $407,000 after buying an additional 250 shares during the period. Finally, Princeton Portfolio Strategies Group LLC increased its stake in ServiceMaster Global Holdings by 8.7% in the second quarter. Princeton Portfolio Strategies Group LLC now owns 171,755 shares of the business services provider’s stock worth $6,731,000 after buying an additional 13,710 shares during the period.

ServiceMaster Global Holdings Company Profile

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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