Analysts predict that Servicemaster Global Holdings Inc (NYSE:SERV) will report sales of $529.99 million for the current quarter, according to Zacks. Five analysts have made estimates for Servicemaster Global’s earnings, with the highest sales estimate coming in at $536.04 million and the lowest estimate coming in at $525.50 million. Servicemaster Global reported sales of $873.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 39.3%. The company is scheduled to issue its next earnings report on Tuesday, November 5th.
On average, analysts expect that Servicemaster Global will report full year sales of $2.07 billion for the current fiscal year, with estimates ranging from $2.07 billion to $2.08 billion. For the next financial year, analysts anticipate that the company will post sales of $2.20 billion, with estimates ranging from $2.18 billion to $2.22 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Servicemaster Global.
Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Servicemaster Global had a positive return on equity of 11.17% and a negative net margin of 2.02%. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $549.25 million. During the same quarter last year, the company posted $0.79 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of Servicemaster Global from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $55.00 to $63.00 in a research report on Tuesday. Zacks Investment Research raised shares of Servicemaster Global from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Wednesday, September 18th. Nomura reissued a “buy” rating and set a $62.00 price objective on shares of Servicemaster Global in a research note on Thursday, August 8th. Morgan Stanley boosted their price objective on shares of Servicemaster Global from $54.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, ValuEngine lowered shares of Servicemaster Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.00.
Several large investors have recently made changes to their positions in SERV. BlackRock Inc. grew its position in shares of Servicemaster Global by 18.3% during the 2nd quarter. BlackRock Inc. now owns 6,928,643 shares of the business services provider’s stock valued at $360,913,000 after buying an additional 1,071,317 shares during the last quarter. Morgan Stanley grew its position in Servicemaster Global by 17.9% in the 2nd quarter. Morgan Stanley now owns 5,238,989 shares of the business services provider’s stock worth $272,899,000 after purchasing an additional 795,651 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Servicemaster Global in the 2nd quarter worth about $37,623,000. FMR LLC grew its position in Servicemaster Global by 19.9% in the 1st quarter. FMR LLC now owns 2,470,671 shares of the business services provider’s stock worth $115,380,000 after purchasing an additional 409,942 shares during the last quarter. Finally, Columbus Circle Investors bought a new position in Servicemaster Global in the 2nd quarter worth about $11,599,000.
NYSE:SERV traded up $0.36 during mid-day trading on Friday, reaching $56.90. The stock had a trading volume of 285,802 shares, compared to its average volume of 490,752. The business has a 50 day simple moving average of $56.21 and a 200 day simple moving average of $53.22. Servicemaster Global has a twelve month low of $34.28 and a twelve month high of $58.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.17. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 59.89, a PEG ratio of 2.09 and a beta of 0.54.
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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