Servicemaster Global Holdings Inc (SERV) Expected to Post Quarterly Sales of $666.41 Million

Wall Street brokerages forecast that Servicemaster Global Holdings Inc (NYSE:SERV) will report sales of $666.41 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Servicemaster Global’s earnings. The lowest sales estimate is $664.00 million and the highest is $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 business is scheduled to report 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 year, with estimates ranging from $2.91 billion to $2.92 billion. For the next 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 averages are an average based on a survey of research firms that follow Servicemaster Global.

Servicemaster Global (NYSE:SERV) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $795.41 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Servicemaster Global’s quarterly revenue was up 5.1% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on SERV shares. Zacks Investment Research downgraded shares of Servicemaster Global from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub downgraded shares of Servicemaster Global from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Royal Bank of Canada downgraded shares of Servicemaster Global from an “outperform” rating to a “sector perform” rating and set a $44.00 price target on the stock. in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Robert W. Baird reissued a “hold” rating and issued a $52.00 price target on shares of Servicemaster Global in a research note on Wednesday, November 1st. Finally, Nomura boosted their price target 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. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Servicemaster Global presently has a consensus rating of “Hold” and an average target price of $49.92.

In other Servicemaster Global news, CAO John Patrick Mullen sold 3,646 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were 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 in the company, valued at approximately $152,421.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Kay Wegner sold 6,562 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 6,562 shares of the company’s stock, valued at approximately $309,267.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,464 shares of company stock worth $1,596,901. 1.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SERV. BNP Paribas Arbitrage SA grew 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 worth $179,000 after acquiring an additional 2,466 shares in the last quarter. Prudential Financial Inc. grew its holdings in Servicemaster Global by 33.9% during the 2nd quarter. Prudential Financial Inc. now owns 7,900 shares of the business services provider’s stock worth $310,000 after acquiring an additional 2,000 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Servicemaster Global by 14.5% during the 2nd quarter. Wells Fargo & Company MN now owns 114,301 shares of the business services provider’s stock worth $4,480,000 after acquiring an additional 14,474 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Servicemaster Global by 24.3% during the 2nd quarter. Alliancebernstein L.P. now owns 105,443 shares of the business services provider’s stock worth $4,132,000 after acquiring an additional 20,600 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in Servicemaster Global by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 167,216 shares of the business services provider’s stock worth $6,553,000 after acquiring an additional 9,982 shares in the last quarter.

Shares of Servicemaster Global (SERV) opened at $53.34 on Monday. The stock has a market cap of $7,202.45, a P/E ratio of 30.66 and a beta of 1.00. Servicemaster Global has a 52 week low of $36.34 and a 52 week high of $53.79. 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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