$0.71 Earnings Per Share Expected for Servicemaster Global Holdings Inc (SERV) This Quarter

Wall Street analysts expect Servicemaster Global Holdings Inc (NYSE:SERV) to report earnings of $0.71 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Servicemaster Global Holdings’ earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.74. Servicemaster Global Holdings reported earnings of $0.67 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The firm is expected to issue its next quarterly earnings report on Thursday, July 27th.

According to Zacks, analysts expect that Servicemaster Global Holdings will report full-year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.08 to $2.24. For the next fiscal year, analysts expect that the firm will report earnings of $2.45 per share, with EPS estimates ranging from $2.34 to $2.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Servicemaster Global Holdings.

Servicemaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.04. Servicemaster Global Holdings had a net margin of 5.23% and a return on equity of 44.95%. The company had revenue of $643 million for the quarter, compared to the consensus estimate of $638.52 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year.

A number of research firms have commented on SERV. Zacks Investment Research raised Servicemaster Global Holdings from a “sell” rating to a “hold” rating in a report on Friday, April 7th. JPMorgan Chase & Co. started coverage on Servicemaster Global Holdings in a report on Thursday, April 20th. They issued an “overweight” rating and a $49.00 target price on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $49.00 target price on shares of Servicemaster Global Holdings in a report on Thursday, April 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $43.00 target price on shares of Servicemaster Global Holdings in a report on Friday, January 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $43.67.

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Servicemaster Global Holdings (NYSE:SERV) traded down 0.27% during trading on Thursday, reaching $37.25. The company had a trading volume of 241,655 shares. The firm’s 50-day moving average price is $40.24 and its 200 day moving average price is $38.44. The firm has a market capitalization of $4.99 billion, a P/E ratio of 32.96 and a beta of 1.02. Servicemaster Global Holdings has a one year low of $32.41 and a one year high of $42.45.

In other news, CFO Alan Haughie sold 127,571 shares of Servicemaster Global Holdings stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $39.87, for a total value of $5,086,255.77. Following the sale, the chief financial officer now directly owns 169,571 shares of the company’s stock, valued at $6,760,795.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James T. Lucke sold 21,000 shares of Servicemaster Global Holdings stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $40.05, for a total value of $841,050.00. Following the completion of the sale, the senior vice president now directly owns 30,230 shares in the company, valued at $1,210,711.50. The disclosure for this sale can be found here. Insiders sold 172,860 shares of company stock worth $6,900,476 over the last ninety days. Insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SERV. Russell Investments Group Ltd. bought a new position in Servicemaster Global Holdings during the fourth quarter valued at approximately $169,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Servicemaster Global Holdings by 24.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,195 shares of the business services provider’s stock valued at $217,000 after buying an additional 1,037 shares in the last quarter. Comerica Bank bought a new position in Servicemaster Global Holdings during the first quarter valued at approximately $207,000. Envestnet Asset Management Inc. raised its position in Servicemaster Global Holdings by 5.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,597 shares of the business services provider’s stock valued at $211,000 after buying an additional 309 shares in the last quarter. Finally, World Asset Management Inc bought a new position in Servicemaster Global Holdings during the first quarter valued at approximately $254,000.

Servicemaster Global Holdings Company Profile

ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.

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