ServiceMaster Global Holdings, Inc. (NYSE:SERV) announced its quarterly earnings data on Tuesday. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12, Bloomberg Earnings reports. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The firm had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $795.41 million. During the same period last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Shares of ServiceMaster Global Holdings (NYSE SERV) traded up 2.71% during mid-day trading on Tuesday, reaching $45.45. The company’s stock had a trading volume of 447,030 shares. The company’s 50 day moving average price is $46.85 and its 200-day moving average price is $42.40. ServiceMaster Global Holdings has a 1-year low of $34.98 and a 1-year high of $48.48. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 27.71 and a beta of 1.02.

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In other news, CEO Robert J. Gillette sold 1,142,961 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.58, for a total transaction of $48,667,279.38. Following the completion of the transaction, the chief executive officer now directly owns 642,022 shares of the company’s stock, valued at approximately $27,337,296.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Timothy M. Haynes sold 45,623 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $44.48, for a total value of $2,029,311.04. Following the transaction, the insider now directly owns 29,833 shares of the company’s stock, valued at $1,326,971.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,225,655 shares of company stock valued at $52,344,228. Company 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 holdings in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 18.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,529 shares of the business services provider’s stock after buying an additional 708 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in ServiceMaster Global Holdings were worth $177,000 at the end of the most recent reporting period.

SERV has been the subject of several recent research reports. Morgan Stanley set a $52.00 price target on ServiceMaster Global Holdings and gave the company a “buy” rating in a research report on Monday, October 23rd. Robert W. Baird reiterated a “hold” rating and set a $51.00 price target on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 12th. Credit Suisse Group reiterated an “outperform” rating and set a $52.00 price target (up from $47.00) on shares of ServiceMaster Global Holdings in a research report on Tuesday, August 1st. BidaskClub upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. ServiceMaster Global Holdings has a consensus rating of “Hold” and a consensus price target of $49.64.

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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