Q2 2019 EPS Estimates for Servicemaster Global Holdings Inc Cut by Oppenheimer (SERV)

Servicemaster Global Holdings Inc (NYSE:SERV) – Investment analysts at Oppenheimer cut their Q2 2019 earnings per share (EPS) estimates for shares of Servicemaster Global in a research note issued on Tuesday, May 7th. Oppenheimer analyst I. Zaffino now forecasts that the business services provider will post earnings per share of $0.47 for the quarter, down from their previous forecast of $0.49. Oppenheimer has a “Outperform” rating and a $55.00 price objective on the stock. Oppenheimer also issued estimates for Servicemaster Global’s Q3 2019 earnings at $0.35 EPS and FY2020 earnings at $1.60 EPS.

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

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Servicemaster Global from a “hold” rating to a “buy” rating in a report on Wednesday. Buckingham Research raised their price target on Servicemaster Global from $48.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Morgan Stanley raised their price target on Servicemaster Global from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday. Zacks Investment Research upgraded Servicemaster Global from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Bank of America cut Servicemaster Global from a “buy” rating to an “underperform” rating and cut their price target for the company from $45.00 to $36.00 in a report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.89.

NYSE SERV opened at $53.57 on Friday. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 56.39, a PEG ratio of 2.04 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 2.16. Servicemaster Global has a 1-year low of $34.28 and a 1-year high of $56.50.

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Servicemaster Global by 9.9% in the 1st quarter. Principal Financial Group Inc. now owns 16,883 shares of the business services provider’s stock valued at $788,000 after purchasing an additional 1,525 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Servicemaster Global by 506.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,988 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 1,660 shares during the last quarter. Argent Capital Management LLC lifted its stake in shares of Servicemaster Global by 11.4% in the 1st quarter. Argent Capital Management LLC now owns 18,164 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 1,854 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Servicemaster Global in the 1st quarter valued at approximately $336,000. Finally, Swiss National Bank lifted its stake in shares of Servicemaster Global by 3.2% in the 1st quarter. Swiss National Bank now owns 247,307 shares of the business services provider’s stock valued at $11,549,000 after purchasing an additional 7,600 shares during the last quarter.

In other news, VP John Patrick Mullen sold 22,376 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 approximately $687,794.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

Servicemaster Global Company Profile

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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