Equities research analysts predict that ServiceMaster Global Holdings, Inc. (NYSE:SERV) will post $666.41 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for ServiceMaster Global Holdings’ earnings, with estimates ranging from $664.00 million to $668.72 million. ServiceMaster Global Holdings posted sales of $633.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The business is expected to issue its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that ServiceMaster Global Holdings 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 expect that the business will post 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 a mean average based on a survey of analysts that cover ServiceMaster Global Holdings.
ServiceMaster Global Holdings (NYSE:SERV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.12. ServiceMaster Global Holdings had a return on equity of 40.22% and a net margin of 8.16%. The business had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $795.41 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis.
A number of equities analysts have recently issued reports on SERV shares. Morgan Stanley set a $52.00 price objective on ServiceMaster Global Holdings and gave the stock a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded ServiceMaster Global Holdings from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 price objective on shares of ServiceMaster Global Holdings in a report on Friday, September 15th. Robert W. Baird reiterated a “hold” rating and issued a $51.00 price objective on shares of ServiceMaster Global Holdings in a report on Tuesday, September 12th. Finally, BidaskClub upgraded ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.75.
ServiceMaster Global Holdings (NYSE SERV) opened at $46.91 on Monday. ServiceMaster Global Holdings has a 52-week low of $35.25 and a 52-week high of $48.48. 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 company has a market capitalization of $6,334.19, a PE ratio of 21.32 and a beta of 1.00.
In other ServiceMaster Global Holdings news, insider Mary Kay Wegner sold 6,562 shares of the company’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 completion of the transaction, the insider now owns 6,562 shares of the company’s stock, valued at approximately $309,267.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy M. Haynes sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $45.90, for a total value of $229,500.00. Following the transaction, the insider now directly owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of ServiceMaster Global Holdings during the 1st quarter worth approximately $100,000. The Manufacturers Life Insurance Company grew its holdings in shares of ServiceMaster Global Holdings by 18.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after acquiring an additional 708 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of ServiceMaster Global Holdings 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 during the period. CIBC Asset Management Inc purchased a new position in shares of ServiceMaster Global Holdings during the 3rd quarter worth approximately $206,000. Finally, Oakbrook Investments LLC purchased a new position in shares of ServiceMaster Global Holdings during the 3rd quarter worth approximately $213,000.
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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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