Servicemaster Global Holdings Inc (SERV) Expected to Post Earnings of $0.34 Per Share

Brokerages expect Servicemaster Global Holdings Inc (NYSE:SERV) to post earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Servicemaster Global’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.35. Servicemaster Global reported earnings per share of $0.44 during the same quarter last year, which indicates a negative year over year growth rate of 22.7%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.

On average, analysts expect that Servicemaster Global will report full-year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.11. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.38 per share, with EPS estimates ranging from $2.24 to $2.71. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Servicemaster Global.

SERV has been the subject of a number of research reports. 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 research report on Thursday, January 4th. Morgan Stanley set a $52.00 price target on shares of Servicemaster Global and gave the company a “buy” rating in a research report on Monday, October 23rd. Robert W. Baird restated a “hold” rating and set a $52.00 price objective on shares of Servicemaster Global in a research report on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating and set a $46.00 price objective on shares of Servicemaster Global in a research report on Monday, November 20th. Finally, William Blair initiated coverage on Servicemaster Global in a research report on Monday, January 29th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Servicemaster Global has an average rating of “Hold” and a consensus target price of $51.17.

In other news, CAO John Patrick Mullen sold 3,646 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 3,280 shares of the company’s stock, valued at approximately $152,421.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Kay Wegner sold 1,256 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $50.29, for a total transaction of $63,164.24. The disclosure for this sale can be found here. Insiders sold a total of 25,902 shares of company stock valued at $1,287,634 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in SERV. Atlanta Capital Management Co. L L C grew its stake in shares of Servicemaster Global by 42.7% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 5,196,144 shares of the business services provider’s stock valued at $203,636,000 after buying an additional 1,554,084 shares during the period. Frontier Capital Management Co. LLC purchased a new stake in shares of Servicemaster Global during the 3rd quarter valued at $54,170,000. Pictet Asset Management Ltd. grew its stake in shares of Servicemaster Global by 14,093.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 780,635 shares of the business services provider’s stock valued at $36,479,000 after buying an additional 775,135 shares during the period. Davidson Kempner Capital Management LP purchased a new stake in shares of Servicemaster Global during the 3rd quarter valued at $36,216,000. Finally, Longview Partners Guernsey LTD grew its stake in shares of Servicemaster Global by 4.6% during the 3rd quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock valued at $443,514,000 after buying an additional 417,782 shares during the period.

Servicemaster Global (NYSE SERV) traded down $0.49 during mid-day trading on Tuesday, hitting $50.58. 701,725 shares of the stock were exchanged, compared to its average volume of 472,156. Servicemaster Global has a 52 week low of $36.34 and a 52 week high of $54.48. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.99 and a current ratio of 1.03. The firm has a market cap of $7,091.70, a P/E ratio of 29.04 and a beta of 0.93.

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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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