Equities research analysts expect Servicemaster Global Holdings Inc (NYSE:SERV) to report earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Servicemaster Global’s earnings, with estimates ranging from $0.32 to $0.35. Servicemaster Global reported earnings per share of $0.44 during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.7%. The company is scheduled to report its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Servicemaster Global will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.08 to $2.11. For the next year, analysts anticipate that the business will post earnings of $2.31 per share, with EPS estimates ranging from $2.24 to $2.39. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Servicemaster Global.
Servicemaster Global (NYSE:SERV) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.12. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS.
Several research firms recently commented on SERV. Zacks Investment Research upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday. Royal Bank of Canada reiterated a “hold” rating and set a $46.00 target price on shares of Servicemaster Global in a research note on Monday, November 20th. BidaskClub cut shares of Servicemaster Global from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Nomura upped 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. Finally, Robert W. Baird reissued a “hold” rating and issued a $52.00 price target on shares of Servicemaster Global in a report on Wednesday, November 1st. Three 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. Servicemaster Global presently has an average rating of “Hold” and an average target price of $49.42.
In other news, insider Mary Kay Wegner sold 6,562 shares of the company’s 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 sale, the insider now owns 6,562 shares of the company’s stock, valued at approximately $309,267.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP James T. Lucke sold 21,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $50.24, for a total transaction of $1,055,040.00. Following the completion of the sale, the senior vice president now directly owns 21,000 shares in the company, valued at approximately $1,055,040. The disclosure for this sale can be found here. Insiders sold a total of 32,464 shares of company stock worth $1,596,901 in the last three months. Insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of SERV. The Manufacturers Life Insurance Company grew its holdings in shares of Servicemaster Global by 18.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after purchasing an additional 708 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Servicemaster Global by 117.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,559 shares of the business services provider’s stock worth $179,000 after purchasing an additional 2,466 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Servicemaster Global by 112.7% in the 2nd quarter. SG Americas Securities LLC now owns 5,107 shares of the business services provider’s stock worth $200,000 after purchasing an additional 2,706 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Servicemaster Global in the 3rd quarter worth about $206,000. Finally, Oakbrook Investments LLC bought a new stake in shares of Servicemaster Global in the 3rd quarter worth about $213,000. 99.96% of the stock is currently owned by institutional investors and hedge funds.
Servicemaster Global (SERV) opened at $52.40 on Wednesday. The company has a market cap of $7,029.59, a price-to-earnings ratio of 23.66 and a beta of 1.00. Servicemaster Global has a one year low of $36.34 and a one year high of $52.87. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.99 and a current ratio of 1.03.
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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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