Wall Street brokerages forecast that Servicemaster Global Holdings Inc (NYSE:SERV) will announce $0.47 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have provided estimates for Servicemaster Global’s earnings, with estimates ranging from $0.39 to $0.52. Servicemaster Global posted earnings per share of $0.79 during the same quarter last year, which indicates a negative year over year growth rate of 40.5%. The company is scheduled to announce its next earnings results on Tuesday, July 16th.

According to Zacks, analysts expect that Servicemaster Global will report full-year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.54. For the next financial year, analysts forecast that the business will post earnings of $1.67 per share, with EPS estimates ranging from $1.60 to $1.79. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Servicemaster Global.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $473.13 million. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS.

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Servicemaster Global from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Buckingham Research downgraded shares of Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Wednesday, May 8th. They noted that the move was a valuation call. ValuEngine raised shares of Servicemaster Global from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Finally, Oppenheimer boosted their price target on shares of Servicemaster Global from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.89.

Shares of NYSE:SERV opened at $52.88 on Wednesday. The business has a 50-day moving average of $53.33. The company has a quick ratio of 1.13, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. The stock has a market cap of $7.19 billion, a P/E ratio of 55.66, a P/E/G ratio of 2.05 and a beta of 0.75. Servicemaster Global has a fifty-two week low of $34.28 and a fifty-two week high of $56.50.

In other Servicemaster Global news, Director Mark E. Tomkins sold 2,444 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $53.94, for a total transaction of $131,829.36. Following the sale, the director now directly owns 17,398 shares of the company’s stock, valued at $938,448.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mary Kay Wegner sold 53,192 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $53.28, for a total transaction of $2,834,069.76. Following the sale, the insider now directly owns 23,864 shares in the company, valued at $1,271,473.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,192 shares of company stock worth $3,430,404. Insiders own 0.23% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sepio Capital LLC lifted its holdings in Servicemaster Global by 10.5% in the 1st quarter. Sepio Capital LLC now owns 40,450 shares of the business services provider’s stock worth $1,889,000 after purchasing an additional 3,836 shares in the last quarter. First Trust Advisors LP grew its position in Servicemaster Global by 112.3% in the 1st quarter. First Trust Advisors LP now owns 101,414 shares of the business services provider’s stock valued at $4,736,000 after acquiring an additional 53,645 shares during the last quarter. FMR LLC grew its position in Servicemaster Global by 19.9% in the 1st quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock valued at $115,380,000 after acquiring an additional 409,942 shares during the last quarter. Fort L.P. grew its position in Servicemaster Global by 51.4% in the 1st quarter. Fort L.P. now owns 53,638 shares of the business services provider’s stock valued at $2,505,000 after acquiring an additional 18,207 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Servicemaster Global in the 1st quarter valued at $1,817,000.

Servicemaster Global Company Profile

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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Earnings History and Estimates for Servicemaster Global (NYSE:SERV)

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