Analysts forecast that ServiceMaster Global Holdings, Inc. (NYSE:SERV) will announce sales of $794.79 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for ServiceMaster Global Holdings’ earnings, with the highest sales estimate coming in at $800.02 million and the lowest estimate coming in at $788.00 million. ServiceMaster Global Holdings posted sales of $758.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The firm is expected to issue its next earnings report on Friday, October 13th.

On average, analysts expect that ServiceMaster Global Holdings will report full year sales of $794.79 million for the current financial year, with estimates ranging from $2.90 billion to $2.92 billion. For the next financial year, analysts expect that the firm will report sales of $3.07 billion per share, with estimates ranging from $3.06 billion to $3.08 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts 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 (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $806.64 million. ServiceMaster Global Holdings had a net margin of 7.92% and a return on equity of 40.74%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share.

Several research analysts have recently weighed in on SERV shares. Robert W. Baird reaffirmed a “hold” rating and set a $51.00 target price on shares of ServiceMaster Global Holdings in a research note on Tuesday, September 12th. Zacks Investment Research raised ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Oppenheimer Holdings, Inc. started coverage on ServiceMaster Global Holdings in a research note on Wednesday, September 20th. They set an “outperform” rating and a $55.00 target price for the company. Rowe started coverage on ServiceMaster Global Holdings in a research note on Tuesday, September 19th. They set an “outperform” rating and a $55.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 target price on shares of ServiceMaster Global Holdings in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $49.55.

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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert J. Gillette sold 1,142,961 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total value of $48,667,279.38. Following the completion of the sale, the chief executive officer now owns 642,022 shares of the company’s stock, valued at $27,337,296.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,225,655 shares of company stock valued at $52,344,228. 1.20% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. FNY Partners Fund LP purchased a new stake in ServiceMaster Global Holdings in the 1st quarter valued at $104,000. Goldman Sachs Group Inc. grew its holdings in ServiceMaster Global Holdings by 8.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 317,220 shares of the business services provider’s stock valued at $13,244,000 after buying an additional 25,882 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in ServiceMaster Global Holdings by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,463,249 shares of the business services provider’s stock valued at $96,535,000 after buying an additional 94,580 shares in the last quarter. Alliancebernstein L.P. grew its holdings in ServiceMaster Global Holdings by 13.0% in the 1st quarter. Alliancebernstein L.P. now owns 84,843 shares of the business services provider’s stock valued at $3,542,000 after buying an additional 9,733 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC grew its holdings in ServiceMaster Global Holdings by 271.2% in the 1st quarter. Columbia Wanger Asset Management LLC now owns 851,578 shares of the business services provider’s stock valued at $35,553,000 after buying an additional 622,152 shares in the last quarter.

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Shares of ServiceMaster Global Holdings (NYSE SERV) opened at 47.17 on Thursday. The stock’s 50 day moving average is $46.55 and its 200 day moving average is $41.61. ServiceMaster Global Holdings has a 52-week low of $32.41 and a 52-week high of $48.48. The company has a market cap of $6.29 billion, a PE ratio of 28.76 and a beta of 1.02.

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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