Equities analysts predict that ServiceMaster Global Holdings, Inc. (NYSE:SERV) will post sales of $797.63 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for ServiceMaster Global Holdings’ earnings, with the highest sales estimate coming in at $798.90 million and the lowest estimate coming in at $796.35 million. ServiceMaster Global Holdings reported sales of $758.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.2%. The company is expected to report its next earnings results 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 year, with estimates ranging from $2.91 billion to $2.92 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.07 billion per share, with estimates ranging from $3.06 billion to $3.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms 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 for the quarter, meeting the consensus estimate of $0.69. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The firm had revenue of $807 million during the quarter, compared to the consensus estimate of $806.64 million. During the same period last year, the business posted $0.67 EPS. ServiceMaster Global Holdings’s quarterly revenue was up 8.0% on a year-over-year basis.

A number of equities research analysts have weighed in on SERV shares. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. J P Morgan Chase & Co started coverage on ServiceMaster Global Holdings in a research report on Thursday, April 20th. They issued an “overweight” rating and a $49.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a research report on Tuesday, June 27th. Morgan Stanley restated an “overweight” rating and issued a $48.00 target price on shares of ServiceMaster Global Holdings in a research report on Friday, June 23rd. Finally, BidaskClub downgraded ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $43.57.

ILLEGAL ACTIVITY NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/08/11/797-63-million-in-sales-expected-for-servicemaster-global-holdings-inc-nyseserv-this-quarter.html.

ServiceMaster Global Holdings (NYSE:SERV) traded down 0.38% during trading on Friday, reaching $44.07. The company had a trading volume of 447,814 shares. The firm has a market capitalization of $5.88 billion, a P/E ratio of 26.87 and a beta of 1.05. ServiceMaster Global Holdings has a 52-week low of $32.41 and a 52-week high of $45.31. The company has a 50-day moving average of $40.85 and a 200-day moving average of $39.54.

In other ServiceMaster Global Holdings news, SVP James T. Lucke sold 9,230 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total value of $403,997.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mary Kay Wegner sold 22,841 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $44.40, for a total value of $1,014,140.40. Following the completion of the transaction, the insider now directly owns 5,572 shares in the company, valued at approximately $247,396.80. The disclosure for this sale can be found here. Insiders sold 1,220,655 shares of company stock valued at $52,114,728 over the last 90 days. 1.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SERV. SG Americas Securities LLC bought a new position in ServiceMaster Global Holdings during the first quarter valued at about $100,000. FNY Partners Fund LP bought a new position in ServiceMaster Global Holdings during the first quarter valued at about $104,000. Cannell Capital LLC bought a new position in ServiceMaster Global Holdings during the first quarter valued at about $179,000. Russell Investments Group Ltd. bought a new position in ServiceMaster Global Holdings during the fourth quarter valued at about $169,000. Finally, BNP Paribas Arbitrage SA boosted its position 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 valued at $179,000 after buying an additional 2,466 shares in the last quarter.

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.

Get a free copy of the Zacks research report on ServiceMaster Global Holdings (SERV)

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.