ServiceMaster Global Holdings, Inc. (NYSE:SERV) is set to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect ServiceMaster Global Holdings to post earnings of $0.61 per share for the quarter.

ServiceMaster Global Holdings (NYSE:SERV) last released its earnings results on Monday, July 31st. The business services provider reported $0.69 earnings per share for the quarter, meeting the Zacks’ 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 earnings per share. On average, analysts expect ServiceMaster Global Holdings to post $2.04 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.

ServiceMaster Global Holdings, Inc. (NYSE:SERV) traded down 2.78% on Tuesday, reaching $45.41. 534,553 shares of the company’s stock were exchanged. The company has a market cap of $6.06 billion, a PE ratio of 27.69 and a beta of 1.02. The firm’s 50 day moving average price is $47.11 and its 200 day moving average price is $42.23. ServiceMaster Global Holdings, Inc. has a 52-week low of $34.36 and a 52-week high of $48.48.

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada downgraded shares of ServiceMaster Global Holdings from an “outperform” rating to a “sector perform” rating and set a $44.00 price objective on the stock. in a report on Tuesday. They noted that the move was a valuation call. Morgan Stanley set a $52.00 price objective on shares of ServiceMaster Global Holdings and gave the stock a “buy” rating in a report on Monday. BidaskClub downgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Zacks Investment Research raised shares of ServiceMaster Global Holdings from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, October 4th. Finally, CIBC assumed coverage on shares of ServiceMaster Global Holdings in a report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. ServiceMaster Global Holdings currently has a consensus rating of “Buy” and an average price target of $49.64.

In other ServiceMaster Global Holdings news, CEO Robert J. Gillette sold 1,142,961 shares of ServiceMaster Global Holdings stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $42.58, for a total transaction of $48,667,279.38. Following the transaction, the chief executive officer now owns 642,022 shares of the company’s stock, valued at $27,337,296.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy M. Haynes sold 45,623 shares of ServiceMaster Global Holdings stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $44.48, for a total transaction of $2,029,311.04. Following the transaction, the insider now directly owns 29,833 shares in the company, valued at approximately $1,326,971.84. 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 ninety days. Insiders own 1.20% of the company’s stock.

A hedge fund recently raised its stake in ServiceMaster Global Holdings stock. The Manufacturers Life Insurance Company lifted its stake in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 18.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,529 shares of the business services provider’s stock after buying an additional 708 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in ServiceMaster Global Holdings were worth $177,000 at the end of the most recent reporting period.

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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.

Earnings History for ServiceMaster Global Holdings (NYSE:SERV)

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