$797.63 Million in Sales Expected for ServiceMaster Global Holdings, Inc. (NYSE:SERV) This Quarter
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.
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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.
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