ServiceMaster Global Holdings, Inc. (SERV) Expected to Post Quarterly Sales of $789.93 Million
Wall Street brokerages expect ServiceMaster Global Holdings, Inc. (NYSE:SERV) to post sales of $789.93 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for ServiceMaster Global Holdings’ earnings. The lowest sales estimate is $788.94 million and the highest is $790.92 million. ServiceMaster Global Holdings posted sales of $747.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The firm is expected to announce its next quarterly earnings results before the market opens on Monday, July 31st.
On average, analysts expect that ServiceMaster Global Holdings will report full-year sales of $789.93 million for the current year, with estimates ranging from $2.90 billion to $2.91 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.05 billion per share, with estimates ranging from $3.05 billion to $3.06 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for ServiceMaster Global Holdings.
ServiceMaster Global Holdings (NYSE:SERV) last released its earnings results on Thursday, April 27th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.04. ServiceMaster Global Holdings had a return on equity of 43.03% and a net margin of 5.61%. The business had revenue of $643 million during the quarter, compared to analysts’ expectations of $638.52 million. During the same quarter in the previous year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis.
Several equities research analysts recently issued reports on SERV shares. Instinet boosted their price objective on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the company a “reduce” rating in a report on Thursday, May 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 price objective on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Morgan Stanley reiterated an “overweight” rating and issued a $48.00 price objective on shares of ServiceMaster Global Holdings in a report on Friday, June 23rd. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Friday, April 7th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $49.00 price objective on shares of ServiceMaster Global Holdings in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.17.
Shares of ServiceMaster Global Holdings (NYSE:SERV) traded up 0.05% during trading on Friday, hitting $39.49. The stock had a trading volume of 239,907 shares. The company’s 50 day moving average price is $39.32 and its 200 day moving average price is $38.98. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 34.95 and a beta of 1.01. ServiceMaster Global Holdings has a 12 month low of $32.41 and a 12 month high of $42.45.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in ServiceMaster Global Holdings by 31,635.5% in the first quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock worth $232,730,000 after buying an additional 5,556,779 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in ServiceMaster Global Holdings during the first quarter worth $93,086,000. Marshall Wace North America L.P. bought a new stake in ServiceMaster Global Holdings during the first quarter worth $93,086,000. FMR LLC boosted its stake in ServiceMaster Global Holdings by 6.9% in the first quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock worth $647,423,000 after buying an additional 997,837 shares during the last quarter. Finally, Janus Capital Management LLC boosted its stake in ServiceMaster Global Holdings by 6.2% in the first quarter. Janus Capital Management LLC now owns 14,212,322 shares of the business services provider’s stock worth $593,365,000 after buying an additional 831,991 shares during the last quarter.
About ServiceMaster Global Holdings
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ServiceMaster Global Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceMaster Global Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.