Equities research analysts expect that Servicemaster Global Holdings Inc (NYSE:SERV) will post $0.84 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Servicemaster Global’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.87. Servicemaster Global reported earnings per share of $0.69 in the same quarter last year, which would suggest a positive year over year growth rate of 21.7%. The company is scheduled to announce its next earnings report on Monday, July 30th.
On average, analysts expect that Servicemaster Global will report full-year earnings of $2.56 per share for the current year, with EPS estimates ranging from $2.55 to $2.58. For the next financial year, analysts expect that the business will post earnings of $2.90 per share, with EPS estimates ranging from $2.86 to $2.99. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Servicemaster Global.
Servicemaster Global (NYSE:SERV) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $666.00 million during the quarter, compared to analyst estimates of $665.27 million. Servicemaster Global had a return on equity of 29.91% and a net margin of 17.35%. Servicemaster Global’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS.
SERV has been the subject of several recent research reports. Zacks Investment Research lowered Servicemaster Global from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Morgan Stanley boosted their price target on Servicemaster Global from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Instinet raised Servicemaster Global from a “reduce” rating to a “buy” rating in a research report on Thursday, February 15th. William Blair initiated coverage on Servicemaster Global in a research report on Monday, January 29th. They issued an “outperform” rating for the company. Finally, Nomura raised Servicemaster Global from a “reduce” rating to a “buy” rating and boosted their price target for the stock from $39.00 to $69.00 in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Servicemaster Global presently has an average rating of “Buy” and an average price target of $55.64.
Servicemaster Global traded down $0.18, reaching $57.14, on Friday, according to MarketBeat Ratings. 266,000 shares of the stock traded hands, compared to its average volume of 709,187. The firm has a market cap of $7.78 billion, a PE ratio of 27.17 and a beta of 0.95. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 2.16. Servicemaster Global has a 12 month low of $37.55 and a 12 month high of $58.41.
In related news, insider Marvin Davis sold 4,743 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $49.57, for a total transaction of $235,110.51. Following the transaction, the insider now directly owns 7,959 shares in the company, valued at approximately $394,527.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Naren K. Gursahaney bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were acquired at an average price of $50.20 per share, for a total transaction of $100,400.00. Following the completion of the purchase, the director now owns 2,976 shares in the company, valued at $149,395.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 138,559 shares of company stock worth $7,576,624. 1.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Servicemaster Global by 2.4% during the 4th quarter. BlackRock Inc. now owns 5,615,706 shares of the business services provider’s stock valued at $287,917,000 after purchasing an additional 129,911 shares during the last quarter. Wells Fargo & Company MN grew its stake in Servicemaster Global by 20.3% during the 4th quarter. Wells Fargo & Company MN now owns 145,571 shares of the business services provider’s stock valued at $7,464,000 after purchasing an additional 24,528 shares during the last quarter. Geode Capital Management LLC grew its stake in Servicemaster Global by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,069,854 shares of the business services provider’s stock valued at $54,851,000 after purchasing an additional 12,505 shares during the last quarter. Pecaut & CO. purchased a new stake in Servicemaster Global during the 1st quarter valued at about $366,000. Finally, PEAK6 Investments L.P. grew its stake in Servicemaster Global by 2,112.2% during the 4th quarter. PEAK6 Investments L.P. now owns 34,178 shares of the business services provider’s stock valued at $1,752,000 after purchasing an additional 32,633 shares during the last quarter.
About Servicemaster Global
ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. 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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