ServiceMaster Global Holdings, Inc. (SERV) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS
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.
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.
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