$797.63 Million in Sales Expected for ServiceMaster Global Holdings, Inc. (SERV) This Quarter
Wall Street analysts predict that ServiceMaster Global Holdings, Inc. (NYSE:SERV) will announce $797.63 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for ServiceMaster Global Holdings’ earnings. The highest sales estimate is $798.90 million and the lowest is $796.35 million. ServiceMaster Global Holdings reported sales of $758.00 million in the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The business is scheduled to issue its next quarterly earnings report on Friday, October 13th.
According to Zacks, analysts expect that ServiceMaster Global Holdings will report full year sales of $797.63 million for the current financial year, with estimates ranging from $2.91 billion to $2.92 billion. For the next year, analysts expect that the business will report sales of $3.07 billion per share, with estimates ranging from $3.06 billion to $3.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover ServiceMaster Global Holdings.
ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.69. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The company had revenue of $807 million during the quarter, compared to analysts’ expectations of $806.64 million. During the same period in the prior year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year.
SERV has been the topic of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $44.00 price objective on shares of ServiceMaster Global Holdings in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Credit Suisse Group reaffirmed an “outperform” rating and set a $52.00 target price (up previously from $47.00) on shares of ServiceMaster Global Holdings in a report on Tuesday, August 1st. J P Morgan Chase & Co initiated coverage on shares of ServiceMaster Global Holdings in a report on Thursday, April 20th. They set an “overweight” rating and a $49.00 target price for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 target price on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.57.
In related news, CEO Robert J. Gillette sold 1,142,961 shares of ServiceMaster Global Holdings stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total transaction of $48,667,279.38. Following the completion of the sale, the chief executive officer now owns 642,022 shares of the company’s stock, valued at approximately $27,337,296.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy M. Haynes sold 45,623 shares of ServiceMaster Global Holdings stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $44.48, for a total transaction of $2,029,311.04. Following the sale, the insider now directly owns 29,833 shares of the company’s stock, valued at approximately $1,326,971.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,220,655 shares of company stock valued at $52,114,728 in the last ninety days. 1.20% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of ServiceMaster Global Holdings during the first quarter valued at approximately $100,000. FNY Partners Fund LP acquired a new stake in ServiceMaster Global Holdings during the first quarter worth about $104,000. Russell Investments Group Ltd. acquired a new stake in ServiceMaster Global Holdings during the fourth quarter worth about $169,000. Cannell Capital LLC acquired a new stake in ServiceMaster Global Holdings during the first quarter worth about $179,000. Finally, BNP Paribas Arbitrage SA increased its stake in ServiceMaster Global Holdings by 117.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock worth $179,000 after buying an additional 2,466 shares in the last quarter.
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ServiceMaster Global Holdings (SERV) traded down 0.373% during midday trading on Friday, reaching $44.075. 447,914 shares of the company’s stock were exchanged. ServiceMaster Global Holdings has a 52 week low of $32.41 and a 52 week high of $45.31. The firm has a 50-day moving average price of $40.85 and a 200 day moving average price of $39.54. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 26.875 and a beta of 1.05.
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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