ServiceMaster Global Holdings, Inc. (SERV) Expected to Announce Quarterly Sales of $798.19 Million
Brokerages expect ServiceMaster Global Holdings, Inc. (NYSE:SERV) to announce $798.19 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for ServiceMaster Global Holdings’ earnings, with estimates ranging from $796.35 million to $800.02 million. ServiceMaster Global Holdings reported sales of $758.00 million in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is scheduled to announce its next quarterly earnings report on Friday, October 13th.
On average, analysts expect that ServiceMaster Global Holdings will report full-year sales of $798.19 million for the current fiscal year, with estimates ranging from $2.91 billion to $2.92 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.07 billion per share, with estimates ranging from $3.06 billion to $3.08 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for ServiceMaster Global Holdings.
ServiceMaster Global Holdings (NYSE:SERV) last posted 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 company had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $806.64 million. During the same period in the prior year, the business earned $0.67 earnings per share. ServiceMaster Global Holdings’s revenue for the quarter was up 8.0% compared to the same quarter last year.
Several research analysts have weighed in on SERV shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price target on shares of ServiceMaster Global Holdings in a research report on Tuesday, June 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 price target on shares of ServiceMaster Global Holdings in a research report on Friday, June 23rd. BidaskClub lowered ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Credit Suisse Group reaffirmed an “outperform” rating and set a $52.00 price target (up previously from $47.00) on shares of ServiceMaster Global Holdings in a research report on Tuesday, August 1st. Finally, Instinet boosted their price target on ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.50.
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Shares of ServiceMaster Global Holdings (SERV) opened at 46.68 on Friday. The stock has a 50 day moving average price of $45.33 and a 200 day moving average price of $40.92. ServiceMaster Global Holdings has a 52-week low of $32.41 and a 52-week high of $47.52. The company has a market capitalization of $6.23 billion, a PE ratio of 28.46 and a beta of 1.04.
In related news, insider Timothy M. Haynes sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $45.90, for a total transaction of $229,500.00. Following the transaction, the insider now directly owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert J. Gillette sold 1,142,961 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.58, for a total value of $48,667,279.38. Following the transaction, the chief executive officer now directly owns 642,022 shares in the company, valued at $27,337,296.76. The disclosure for this sale can be found here. Insiders have sold a total of 1,225,655 shares of company stock worth $52,344,228 over the last three months. 1.20% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of ServiceMaster Global Holdings by 6.9% during the 1st quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock worth $647,423,000 after acquiring an additional 997,837 shares during the last quarter. Janus Henderson Group PLC bought a new stake in ServiceMaster Global Holdings in the 2nd quarter valued at $568,959,000. Janus Capital Management LLC boosted its stake in ServiceMaster Global Holdings by 6.2% in the 1st quarter. Janus Capital Management LLC now owns 14,212,322 shares of the business services provider’s stock valued at $593,365,000 after purchasing an additional 831,991 shares during the period. Vanguard Group Inc. boosted its stake in ServiceMaster Global Holdings by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock valued at $412,885,000 after purchasing an additional 99,374 shares during the period. Finally, Capital Research Global Investors boosted its stake in ServiceMaster Global Holdings by 4.4% in the 2nd quarter. Capital Research Global Investors now owns 9,228,000 shares of the business services provider’s stock valued at $361,645,000 after purchasing an additional 393,000 shares during the period.
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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