$666.41 Million in Sales Expected for Servicemaster Global Holdings Inc (SERV) This Quarter

Equities analysts expect Servicemaster Global Holdings Inc (NYSE:SERV) to post $666.41 million in sales for the current quarter, Zacks reports. Three analysts have provided 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 reported sales of $633.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Servicemaster Global will report full-year sales of $666.41 million for the current year, with estimates ranging from $2.91 billion to $2.92 billion. For the next financial year, analysts forecast that the company will report sales of $3.06 billion per share, with estimates ranging from $3.05 billion to $3.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Servicemaster Global.

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

A number of equities research analysts recently commented on SERV shares. Zacks Investment Research upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday. Morgan Stanley upped their price target on shares of Servicemaster Global from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, September 28th. Robert W. Baird reiterated a “hold” rating and set a $51.00 price target on shares of Servicemaster Global in a report on Tuesday, September 12th. BidaskClub lowered shares of Servicemaster Global from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Finally, Royal Bank of Canada lowered their price target on shares of Servicemaster Global from $44.00 to $43.00 and set a “sector perform” rating for the company in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.42.

In related news, insider Mary Kay Wegner sold 6,562 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $47.13, for a total value of $309,267.06. Following the completion of the transaction, the insider now directly owns 6,562 shares in the company, valued at approximately $309,267.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO John Patrick Mullen sold 3,646 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $46.47, for a total transaction of $169,429.62. Following the completion of the transaction, the chief accounting officer now owns 3,280 shares of the company’s stock, valued at $152,421.60. The disclosure for this sale can be found here. Insiders sold a total of 32,464 shares of company stock valued at $1,596,901 over the last 90 days. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Longview Partners Guernsey LTD increased its stake in shares of Servicemaster Global by 4.6% in the 3rd quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock worth $443,514,000 after acquiring an additional 417,782 shares in the last quarter. JPMorgan Chase & Co. grew its position in Servicemaster Global by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,463,249 shares of the business services provider’s stock valued at $96,535,000 after purchasing an additional 94,580 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Servicemaster Global by 189.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 34,200 shares of the business services provider’s stock valued at $1,598,000 after purchasing an additional 22,400 shares during the last quarter. Royal Bank of Canada grew its position in Servicemaster Global by 653.6% during the 2nd quarter. Royal Bank of Canada now owns 7,950 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 6,895 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. purchased a new stake in Servicemaster Global during the 3rd quarter valued at about $5,916,000. Institutional investors own 99.96% of the company’s stock.

Shares of Servicemaster Global (NYSE SERV) opened at $52.06 on Friday. Servicemaster Global has a 12 month low of $36.34 and a 12 month high of $52.87. The stock has a market cap of $7,000.00, a price-to-earnings ratio of 30.09 and a beta of 1.00. 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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