ServiceMaster Global Holdings, Inc. (NYSE:SERV) released its quarterly earnings data on Tuesday. The business services provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.12, Bloomberg Earnings reports. The business had revenue of $797.00 million for the quarter, compared to the consensus estimate of $795.41 million. ServiceMaster Global Holdings had a net margin of 8.16% and a return on equity of 42.33%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share.
In related news, insider Mary Kay Wegner sold 22,841 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $44.40, for a total transaction of $1,014,140.40. Following the completion of the transaction, the insider now directly owns 5,572 shares in the company, valued at approximately $247,396.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Timothy M. Haynes sold 5,000 shares of the business’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 owns 22,335 shares of the company’s stock, valued at $1,025,176.50. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
An institutional investor recently raised its position in ServiceMaster Global Holdings stock. The Manufacturers Life Insurance Company lifted its stake in shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 18.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,529 shares of the business services provider’s stock after acquiring an additional 708 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in ServiceMaster Global Holdings were worth $177,000 at the end of the most recent reporting period.
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Several research firms have commented on SERV. BidaskClub downgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of ServiceMaster Global Holdings from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, October 4th. CIBC began coverage on shares of ServiceMaster Global Holdings in a report on Wednesday, September 20th. They set an “outperform” rating and a $55.00 price objective on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $52.00 price objective on shares of ServiceMaster Global Holdings in a report on Wednesday. Finally, Morgan Stanley upped their price objective on shares of ServiceMaster Global Holdings from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $49.64.
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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