Wall Street brokerages expect that Servicemaster Global Holdings Inc (NYSE:SERV) will report $794.79 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Servicemaster Global Holdings’ earnings. The highest sales estimate is $800.02 million and the lowest is $788.00 million. Servicemaster Global Holdings posted sales of $758.00 million during the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The company is expected to report its next earnings results before the market opens on Tuesday, October 31st.

According to Zacks, analysts expect that Servicemaster Global Holdings will report full-year sales of $794.79 million for the current fiscal year, with estimates ranging from $2.90 billion to $2.92 billion. For the next year, analysts anticipate that the company will report sales of $3.07 billion per share, with estimates ranging from $3.06 billion to $3.08 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 announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. The business had revenue of $807.00 million for the quarter, compared to analyst estimates of $806.64 million. Servicemaster Global Holdings had a return on equity of 47.82% and a net margin of 10.53%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share.

SERV has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price target on shares of Servicemaster Global Holdings in a report on Tuesday, June 27th. BidaskClub downgraded Servicemaster Global Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised Servicemaster Global Holdings from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, October 4th. Credit Suisse Group reiterated an “outperform” rating and set a $52.00 target price (up previously from $47.00) on shares of Servicemaster Global Holdings in a research report on Tuesday, August 1st. Finally, Robert W. Baird reiterated a “hold” rating and set a $51.00 target price on shares of Servicemaster Global Holdings in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $49.64.

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Servicemaster Global Holdings (NYSE SERV) opened at 46.71 on Tuesday. Servicemaster Global Holdings has a one year low of $34.36 and a one year high of $48.48. The stock has a 50 day moving average price of $47.11 and a 200-day moving average price of $42.23. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 28.48 and a beta of 1.02.

In other news, insider Mary Kay Wegner sold 22,841 shares of Servicemaster Global Holdings stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $44.40, for a total transaction of $1,014,140.40. Following the sale, the insider now owns 5,572 shares in the company, valued at $247,396.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy M. Haynes sold 5,000 shares of Servicemaster Global Holdings stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $45.90, for a total value of $229,500.00. Following the sale, the insider now owns 22,335 shares in the company, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. Insiders have sold 1,225,655 shares of company stock worth $52,344,228 in the last quarter. Insiders own 1.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of SERV. Comerica Bank acquired a new position in Servicemaster Global Holdings in the 1st quarter valued at about $207,000. UBS Asset Management Americas Inc. increased its position in Servicemaster Global Holdings by 1.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 164,063 shares of the business services provider’s stock valued at $6,850,000 after acquiring an additional 1,636 shares during the period. Prudential Financial Inc. acquired a new position in Servicemaster Global Holdings in the 1st quarter valued at about $246,000. SG Americas Securities LLC acquired a new position in Servicemaster Global Holdings in the 1st quarter valued at about $100,000. Finally, Alliancebernstein L.P. increased its position 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 acquiring an additional 9,733 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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