Servicemaster Global Holdings Inc (NYSE:SERV) Expected to Announce Quarterly Sales of $549.01 Million

Wall Street analysts expect that Servicemaster Global Holdings Inc (NYSE:SERV) will report sales of $549.01 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Servicemaster Global’s earnings. The highest sales estimate is $553.45 million and the lowest is $542.60 million. Servicemaster Global posted sales of $874.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 37.2%. The company is scheduled to announce its next earnings results on Tuesday, July 16th.

According to Zacks, analysts expect that Servicemaster Global will report full year sales of $2.04 billion for the current year, with estimates ranging from $2.03 billion to $2.05 billion. For the next year, analysts forecast that the firm will post sales of $2.12 billion, with estimates ranging from $2.10 billion to $2.15 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Servicemaster Global.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year.

SERV has been the topic of a number of recent research reports. Oppenheimer raised their target price on shares of Servicemaster Global from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Buckingham Research raised their target price on shares of Servicemaster Global from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. ValuEngine raised shares of Servicemaster Global from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Finally, Morgan Stanley raised their target price on shares of Servicemaster Global from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.89.

In other news, Director Mark E. Tomkins sold 2,444 shares of Servicemaster Global stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $53.94, for a total transaction of $131,829.36. Following the sale, the director now owns 17,398 shares of the company’s stock, valued at $938,448.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, the insider now directly owns 23,864 shares in the company, valued at approximately $1,271,473.92. The disclosure for this sale can be found here. Insiders sold 64,192 shares of company stock worth $3,430,404 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in Servicemaster Global by 17.7% in the fourth quarter. LPL Financial LLC now owns 9,408 shares of the business services provider’s stock valued at $346,000 after purchasing an additional 1,417 shares during the period. Acadian Asset Management LLC purchased a new stake in Servicemaster Global in the fourth quarter valued at $499,000. PNC Financial Services Group Inc. grew its stake in shares of Servicemaster Global by 91.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,543 shares of the business services provider’s stock valued at $497,000 after buying an additional 6,459 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Servicemaster Global by 37.7% in the fourth quarter. California Public Employees Retirement System now owns 272,265 shares of the business services provider’s stock valued at $10,003,000 after buying an additional 74,526 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Servicemaster Global by 57.7% in the fourth quarter. Private Advisor Group LLC now owns 10,772 shares of the business services provider’s stock valued at $396,000 after buying an additional 3,942 shares in the last quarter.

Shares of SERV stock opened at $52.90 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.24 and a debt-to-equity ratio of 0.62. Servicemaster Global has a one year low of $34.28 and a one year high of $56.50. The stock’s 50-day moving average is $53.51. The company has a market capitalization of $7.19 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 2.05 and a beta of 0.75.

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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