ServiceMaster Global Holdings, Inc. (SERV) Expected to Post Quarterly Sales of $666.41 Million

Wall Street analysts expect ServiceMaster Global Holdings, Inc. (NYSE:SERV) to post sales of $666.41 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for ServiceMaster Global’s earnings, with the lowest sales estimate coming in at $664.00 million and the highest estimate coming in at $668.72 million. ServiceMaster Global posted sales of $633.00 million during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The business is scheduled to issue its next earnings report on Thursday, February 22nd.

On average, analysts expect that ServiceMaster Global will report full-year sales of $666.41 million for the current financial year, with estimates ranging from $2.91 billion to $2.92 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.06 billion per share, with estimates ranging from $3.05 billion to $3.08 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow ServiceMaster Global.

ServiceMaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. The company had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $795.41 million. ServiceMaster Global had a net margin of 8.16% and a return on equity of 40.22%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS.

Several research firms recently weighed in on SERV. Nomura raised their target price on shares of ServiceMaster Global from $36.00 to $39.00 and gave the company a “reduce” rating in a research note on Friday, November 3rd. Morgan Stanley set a $52.00 target price on shares of ServiceMaster Global and gave the company a “buy” rating in a research note on Monday, October 23rd. Robert W. Baird reissued a “hold” rating and issued a $51.00 target price on shares of ServiceMaster Global in a research note on Tuesday, September 12th. Royal Bank Of Canada decreased their target price on shares of ServiceMaster Global from $44.00 to $43.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of ServiceMaster Global from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.00.

In other ServiceMaster Global news, insider Mary Kay Wegner sold 6,562 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total transaction of $309,267.06. Following the completion of the sale, the insider now owns 6,562 shares of the company’s stock, valued at approximately $309,267.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John Patrick Mullen sold 3,646 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.47, for a total value of $169,429.62. Following the sale, the chief accounting officer now directly owns 3,280 shares of the company’s stock, valued at approximately $152,421.60. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SERV. The Manufacturers Life Insurance Company lifted its holdings in ServiceMaster Global by 18.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 708 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in ServiceMaster Global by 117.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 2,466 shares during the last quarter. SG Americas Securities LLC lifted its holdings in ServiceMaster Global by 112.7% during the 2nd quarter. SG Americas Securities LLC now owns 5,107 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 2,706 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in ServiceMaster Global during the 3rd quarter valued at $206,000. Finally, Oakbrook Investments LLC acquired a new stake in ServiceMaster Global during the 3rd quarter valued at $213,000.

Shares of ServiceMaster Global (NYSE SERV) traded up $0.31 on Friday, hitting $49.20. 750,158 shares of the stock traded hands, compared to its average volume of 722,513. The company has a market cap of $6,640.00, a PE ratio of 22.22 and a beta of 1.00. ServiceMaster Global has a one year low of $36.34 and a one year high of $49.28. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12.

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ServiceMaster Global 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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