Equities analysts expect ServiceMaster (NYSE:SERV) to post $663.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for ServiceMaster’s earnings, with the lowest sales estimate coming in at $661.95 million and the highest estimate coming in at $665.00 million. ServiceMaster posted sales of $643.00 million during the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The firm is scheduled to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that ServiceMaster will report full year sales of $3.05 billion for the current year, with estimates ranging from $3.03 billion to $3.08 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.21 billion per share, with estimates ranging from $3.17 billion to $3.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow ServiceMaster.
ServiceMaster (NYSE:SERV) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $666.00 million for the quarter, compared to the consensus estimate of $665.27 million. ServiceMaster had a net margin of 17.51% and a return on equity of 33.21%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share.
Several research firms have commented on SERV. William Blair began coverage on shares of ServiceMaster in a report on Monday, January 29th. They set an “outperform” rating on the stock. Zacks Investment Research cut ServiceMaster from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine upgraded ServiceMaster from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Morgan Stanley decreased their price target on ServiceMaster from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Finally, Instinet upgraded ServiceMaster from a “reduce” rating to a “buy” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $53.45.
NYSE SERV opened at $51.38 on Tuesday. The stock has a market cap of $6,849.94, a price-to-earnings ratio of 24.35 and a beta of 0.95. ServiceMaster has a 52 week low of $36.34 and a 52 week high of $55.36. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.26.
In related news, Director Naren K. Gursahaney acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average cost of $50.20 per share, for a total transaction of $100,400.00. Following the completion of the transaction, the director now owns 2,976 shares in the company, valued at $149,395.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $865,302.90. Following the completion of the transaction, the senior vice president now owns 5,691 shares in the company, valued at $294,224.70. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
Several hedge funds have recently bought and sold shares of SERV. Fred Alger Management Inc. increased its position in shares of ServiceMaster by 205.1% in the fourth quarter. Fred Alger Management Inc. now owns 469,110 shares of the business services provider’s stock worth $24,051,000 after purchasing an additional 315,370 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of ServiceMaster by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,257,900 shares of the business services provider’s stock worth $64,493,000 after purchasing an additional 223,500 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of ServiceMaster by 444.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 257,400 shares of the business services provider’s stock worth $13,197,000 after purchasing an additional 210,100 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of ServiceMaster in the fourth quarter worth approximately $10,633,000. Finally, First Quadrant L P CA bought a new position in shares of ServiceMaster in the fourth quarter worth approximately $9,814,000.
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ServiceMaster 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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