Brokerages forecast that Servicemaster Global Holdings Inc (NYSE:SERV) will post sales of $863.18 million for the current quarter, Zacks reports. Five analysts have issued estimates for Servicemaster Global’s earnings, with estimates ranging from $855.70 million to $872.52 million. Servicemaster Global reported sales of $797.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The business is scheduled to report its next quarterly earnings results on Tuesday, October 30th.
According to Zacks, analysts expect that Servicemaster Global will report full-year sales of $3.13 billion for the current year, with estimates ranging from $3.12 billion to $3.15 billion. For the next financial year, analysts expect that the company will report sales of $3.30 billion per share, with estimates ranging from $3.28 billion to $3.33 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Servicemaster Global.
Servicemaster Global (NYSE:SERV) last issued its earnings results on Tuesday, July 17th. The business services provider reported $0.79 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.05). The business had revenue of $874.00 million for the quarter, compared to analyst estimates of $860.00 million. Servicemaster Global had a return on equity of 27.27% and a net margin of 17.33%.
SERV has been the topic of a number of research reports. Zacks Investment Research raised shares of Servicemaster Global from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Gabelli initiated coverage on shares of Servicemaster Global in a report on Thursday, July 12th. They set a “buy” rating on the stock. Morgan Stanley increased their target price on shares of Servicemaster Global from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Stifel Nicolaus initiated coverage on shares of Servicemaster Global in a report on Monday, July 23rd. They set a “buy” rating and a $70.00 target price on the stock. Finally, Nomura reissued a “$57.21” rating and set a $70.00 target price on shares of Servicemaster Global in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.00.
Shares of NYSE:SERV traded down $0.49 on Monday, reaching $59.60. 37,164 shares of the company’s stock were exchanged, compared to its average volume of 722,916. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92. Servicemaster Global has a fifty-two week low of $43.75 and a fifty-two week high of $62.27. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.97 and a current ratio of 1.03.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Servicemaster Global during the first quarter worth about $121,000. Fort L.P. bought a new position in shares of Servicemaster Global during the second quarter worth about $122,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Servicemaster Global during the second quarter worth about $146,000. Ostrum Asset Management bought a new position in Servicemaster Global in the 1st quarter valued at about $178,000. Finally, Moneta Group Investment Advisors LLC grew its position in Servicemaster Global by 104.2% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 3,175 shares of the business services provider’s stock valued at $189,000 after buying an additional 1,620 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.
About Servicemaster Global
ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. 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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