Servicemaster Global (SERV) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Servicemaster Global (NYSE:SERV) released its 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, MarketWatch Earnings reports. Servicemaster Global had a positive return on equity of 14.89% and a negative net margin of 0.41%. The firm had revenue of $482.00 million for the quarter, compared to analyst estimates of $473.13 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Servicemaster Global updated its FY 2019 guidance to EPS.

Servicemaster Global stock opened at $53.96 on Wednesday. Servicemaster Global has a one year low of $34.28 and a one year high of $56.50. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.24. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 56.80, a P/E/G ratio of 2.06 and a beta of 1.01.

SERV has been the subject of a number of research reports. Oppenheimer set a $47.00 price objective on Servicemaster Global and gave the stock a “buy” rating in a report on Tuesday, February 26th. ValuEngine upgraded Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Buckingham Research raised their price target on Servicemaster Global from $48.00 to $53.00 and gave the company a “buy” rating in a research note 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 research note on Wednesday, May 8th. Finally, Zacks Investment Research upgraded Servicemaster Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.89.

In other news, insider Mary Kay Wegner sold 53,192 shares of Servicemaster Global stock in a transaction on Friday, May 10th. The stock was sold at an average price of $53.28, for a total value of $2,834,069.76. Following the transaction, the insider now owns 23,864 shares in the company, valued at approximately $1,271,473.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John Patrick Mullen sold 22,376 shares of Servicemaster Global stock in a transaction 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 transaction, the vice president now owns 14,389 shares in the company, valued at approximately $687,794.20. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

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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 for Servicemaster Global (NYSE:SERV)

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