Analysts Expect Servicemaster Global Holdings Inc (SERV) Will Post Quarterly Sales of $550.89 Million

Equities analysts expect that Servicemaster Global Holdings Inc (NYSE:SERV) will announce $550.89 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Servicemaster Global’s earnings. The highest sales estimate is $553.45 million and the lowest is $549.00 million. Servicemaster Global reported sales of $874.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 37%. The company is expected to announce its next quarterly earnings results on Tuesday, July 16th.

On average, analysts expect that Servicemaster Global will report full-year sales of $2.04 billion for the current financial year, with estimates ranging from $2.04 billion to $2.05 billion. For the next year, analysts anticipate that the business will post sales of $2.12 billion, with estimates ranging from $2.10 billion to $2.16 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Servicemaster Global.

Servicemaster Global (NYSE:SERV) last posted its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Servicemaster Global had a positive return on equity of 14.89% and a negative net margin of 0.41%. The company had revenue of $482.00 million during the quarter, compared to analysts’ expectations of $473.13 million. During the same period last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis.

A number of analysts have weighed in on SERV shares. Oppenheimer set a $47.00 price objective on Servicemaster Global and gave the stock a “buy” rating in a research report on Tuesday, February 26th. ValuEngine raised Servicemaster Global from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Buckingham Research increased their price objective on Servicemaster Global from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Morgan Stanley increased their price objective on Servicemaster Global from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research raised Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Servicemaster Global presently has an average rating of “Hold” and a consensus price target of $46.89.

In other news, insider Matthew Stevenson sold 8,556 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $54.29, for a total value of $464,505.24. Following the completion of the sale, the insider now directly owns 10,396 shares of the company’s stock, valued at approximately $564,398.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John Patrick Mullen sold 22,376 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $47.80, for a total value of $1,069,572.80. Following the completion of the sale, the vice president now directly owns 14,389 shares of the company’s stock, valued at $687,794.20. The disclosure for this sale can be found here. Insiders sold a total of 84,124 shares of company stock valued at $4,368,148 over the last three months. Insiders own 0.23% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Servicemaster Global by 7.3% in the 4th quarter. Legal & General Group Plc now owns 99,163 shares of the business services provider’s stock valued at $3,643,000 after purchasing an additional 6,760 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Servicemaster Global in the 4th quarter valued at approximately $499,000. Norges Bank purchased a new position in Servicemaster Global in the 4th quarter valued at approximately $44,518,000. Congress Asset Management Co. MA purchased a new position in Servicemaster Global in the 4th quarter valued at approximately $4,347,000. Finally, Teacher Retirement System of Texas increased its stake in Servicemaster Global by 1,750.8% in the 4th quarter. Teacher Retirement System of Texas now owns 295,153 shares of the business services provider’s stock valued at $10,844,000 after purchasing an additional 279,206 shares in the last quarter. 98.79% of the stock is owned by institutional investors and hedge funds.

Servicemaster Global stock traded up $0.01 during mid-day trading on Monday, reaching $53.46. 350,071 shares of the company were exchanged, compared to its average volume of 917,628. Servicemaster Global has a twelve month low of $34.28 and a twelve month high of $56.50. The company has a current ratio of 1.24, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 56.27, a PEG ratio of 2.09 and a beta of 1.01.

About Servicemaster Global

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.

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Earnings History and Estimates for Servicemaster Global (NYSE:SERV)

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