ServiceMaster Global Holdings, Inc. (SERV) Expected to Announce Quarterly Sales of $789.93 Million

Wall Street brokerages expect that ServiceMaster Global Holdings, Inc. (NYSE:SERV) will announce sales of $789.93 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for ServiceMaster Global Holdings’ earnings. The lowest sales estimate is $788.94 million and the highest is $790.92 million. ServiceMaster Global Holdings posted sales of $747.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The firm is scheduled to announce its next earnings results on Thursday, July 27th.

On average, analysts expect that ServiceMaster Global Holdings will report full-year sales of $789.93 million for the current financial year, with estimates ranging from $2.90 billion to $2.91 billion. For the next fiscal year, analysts expect that the company will post sales of $3.05 billion per share, with estimates ranging from $3.05 billion to $3.06 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover ServiceMaster Global Holdings.

ServiceMaster Global Holdings (NYSE:SERV) last posted its earnings results on Thursday, April 27th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.04. ServiceMaster Global Holdings had a net margin of 5.61% and a return on equity of 43.03%. The firm had revenue of $643 million during the quarter, compared to the consensus estimate of $638.52 million. During the same quarter last year, the firm posted $0.34 EPS. The business’s revenue was up 5.8% on a year-over-year basis.

A number of research analysts have issued reports on SERV shares. Instinet increased their target price on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a research report on Thursday, May 25th. Piper Jaffray Companies restated an “overweight” rating and set a $49.00 target price on shares of ServiceMaster Global Holdings in a research report on Thursday, April 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $44.00 price target on shares of ServiceMaster Global Holdings in a research report on Tuesday. Zacks Investment Research upgraded shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, March 9th. Finally, J P Morgan Chase & Co initiated coverage on shares of ServiceMaster Global Holdings in a research report on Thursday, April 20th. They set an “overweight” rating and a $49.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. ServiceMaster Global Holdings has a consensus rating of “Hold” and a consensus target price of $42.57.

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Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of ServiceMaster Global Holdings during the first quarter valued at approximately $100,000. FNY Partners Fund LP bought a new position in shares of ServiceMaster Global Holdings during the first quarter valued at approximately $104,000. Russell Investments Group Ltd. bought a new position in shares of ServiceMaster Global Holdings during the fourth quarter valued at approximately $169,000. Cannell Capital LLC bought a new position in shares of ServiceMaster Global Holdings during the first quarter valued at approximately $179,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of ServiceMaster Global Holdings during the first quarter valued at approximately $203,000.

ServiceMaster Global Holdings (SERV) traded up 0.97% on Friday, hitting $39.61. 163,624 shares of the stock were exchanged. ServiceMaster Global Holdings has a 1-year low of $32.41 and a 1-year high of $42.45. The company has a 50-day moving average price of $38.16 and a 200 day moving average price of $38.82. The company has a market capitalization of $5.31 billion, a PE ratio of 35.05 and a beta of 1.02.

ServiceMaster Global Holdings 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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