Servicemaster Global Holdings Inc (NYSE:SERV) Expected to Post Earnings of $0.47 Per Share

Equities research analysts expect that Servicemaster Global Holdings Inc (NYSE:SERV) will report earnings per share of $0.47 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Servicemaster Global’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.52. Servicemaster Global reported earnings of $0.79 per share in the same quarter last year, which suggests a negative year over year growth rate of 40.5%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, August 6th.

According to Zacks, analysts expect that Servicemaster Global will report full year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.31 to $1.54. For the next financial year, analysts expect that the company will post earnings of $1.67 per share, with EPS estimates ranging from $1.60 to $1.79. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Servicemaster Global.

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 analysts’ consensus estimates of $0.31 by $0.02. Servicemaster Global had a negative net margin of 0.41% and a positive return on equity of 14.89%. The business had revenue of $482.00 million for the quarter, compared to analysts’ expectations of $473.13 million. During the same period last year, the business earned $0.44 EPS. The company’s revenue was up 12.6% compared to the same quarter last year.

SERV has been the topic of a number of recent analyst reports. Buckingham Research cut shares of Servicemaster Global from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Wednesday, May 8th. They noted that the move was a valuation call. Morgan Stanley raised their price target on shares of Servicemaster Global from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Servicemaster Global from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $46.89.

Shares of NYSE:SERV traded down $0.27 during trading on Friday, reaching $51.96. The stock had a trading volume of 17,041 shares, compared to its average volume of 550,335. Servicemaster Global has a one year low of $34.28 and a one year high of $56.50. The firm has a market cap of $7.21 billion, a P/E ratio of 54.98, a P/E/G ratio of 2.06 and a beta of 0.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 1.13. The stock has a 50-day moving average of $53.09.

In related news, insider Mary Kay Wegner sold 53,192 shares of Servicemaster Global stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $53.28, for a total value of $2,834,069.76. Following the completion of the sale, the insider now directly owns 23,864 shares in the company, valued at approximately $1,271,473.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Stevenson sold 8,556 shares of Servicemaster Global stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $54.29, for a total transaction of $464,505.24. Following the completion of the sale, the insider now owns 10,396 shares of the company’s stock, valued at $564,398.84. The disclosure for this sale can be found here. Insiders sold a total of 64,192 shares of company stock worth $3,430,404 over the last 90 days. Company insiders own 0.23% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SERV. Cullen Frost Bankers Inc. purchased a new position in shares of Servicemaster Global during the 2nd quarter valued at approximately $32,000. Quadrant Capital Group LLC purchased a new position in shares of Servicemaster Global during the 1st quarter valued at approximately $49,000. AdvisorNet Financial Inc increased its holdings in shares of Servicemaster Global by 84.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,657 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 757 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Servicemaster Global by 506.1% during 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 in the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Servicemaster Global by 61.9% during the 2nd quarter. Advisor Group Inc. now owns 1,951 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 746 shares in the last quarter.

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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