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.

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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.

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