Wall Street brokerages expect that Servicemaster Global Holdings Inc (NYSE:SERV) will post $663.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Servicemaster Global’s earnings, with the lowest sales estimate coming in at $661.95 million and the highest estimate coming in at $665.00 million. Servicemaster Global posted sales of $643.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The business is scheduled to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Servicemaster Global will report full year sales of $663.90 million for the current year, with estimates ranging from $3.03 billion to $3.08 billion. For the next year, analysts expect that the firm will post sales of $3.21 billion per share, with estimates ranging from $3.17 billion to $3.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Servicemaster Global.
Servicemaster Global (NYSE:SERV) last posted its earnings results on Tuesday, February 27th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $666.00 million during the quarter, compared to analysts’ expectations of $665.27 million. Servicemaster Global had a net margin of 17.51% and a return on equity of 33.21%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share.
A number of research firms have recently commented on SERV. Zacks Investment Research raised shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Saturday, March 3rd. ValuEngine raised Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Morgan Stanley lowered their price objective on Servicemaster Global from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Nomura lowered their price objective on Servicemaster Global from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, Instinet raised Servicemaster Global from a “reduce” rating to a “buy” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.08.
Servicemaster Global (NYSE:SERV) traded down $0.40 during mid-day trading on Wednesday, hitting $50.37. 533,506 shares of the stock were exchanged, compared to its average volume of 659,410. The company has a market capitalization of $6,867.53, a PE ratio of 24.06 and a beta of 0.95. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.06 and a quick ratio of 1.02. Servicemaster Global has a 52-week low of $36.34 and a 52-week high of $55.36.
In other news, SVP James T. Lucke sold 16,737 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $51.70, for a total value of $865,302.90. Following the completion of the transaction, the senior vice president now owns 5,691 shares of the company’s stock, valued at $294,224.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marvin Davis sold 4,743 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $49.57, for a total transaction of $235,110.51. Following the sale, the insider now directly owns 7,959 shares of the company’s stock, valued at approximately $394,527.63. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SERV. Royal Bank of Canada increased 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 period. The Manufacturers Life Insurance Company increased its position in Servicemaster Global by 18.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 708 shares during the period. Aperio Group LLC acquired a new stake in Servicemaster Global during the 3rd quarter valued at approximately $218,000. Canada Pension Plan Investment Board increased 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 period. Finally, Gabelli Funds LLC increased its position in Servicemaster Global by 32.2% during the 3rd quarter. Gabelli Funds LLC now owns 78,000 shares of the business services provider’s stock valued at $3,645,000 after purchasing an additional 19,000 shares during the period.
ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/03/19/analysts-anticipate-servicemaster-global-holdings-inc-serv-will-announce-quarterly-sales-of-663-90-million.html.
About Servicemaster Global
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.
Get a free copy of the Zacks research report on Servicemaster Global (SERV)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Servicemaster Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicemaster Global and related companies with MarketBeat.com's FREE daily email newsletter.