$0.76 EPS Expected for Servicemaster Global Holdings Inc (SERV) This Quarter

Wall Street brokerages predict that Servicemaster Global Holdings Inc (NYSE:SERV) will post earnings per share (EPS) of $0.76 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Servicemaster Global’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.79. Servicemaster Global reported earnings per share of $0.73 in the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The company is expected to issue its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that Servicemaster Global will report full year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.20 to $2.50. For the next financial year, analysts anticipate that the firm will post earnings of $2.58 per share, with EPS estimates ranging from $1.56 to $2.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Servicemaster Global.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, July 17th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.05). The business had revenue of $874.00 million during the quarter, compared to analyst estimates of $860.00 million. Servicemaster Global had a net margin of 17.33% and a return on equity of 27.27%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Servicemaster Global from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Nomura boosted their price objective on shares of Servicemaster Global from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Buckingham Research set a $47.00 price objective on shares of Servicemaster Global and gave the stock a “buy” rating in a research note on Thursday, September 13th. Gabelli assumed coverage on shares of Servicemaster Global in a research note on Thursday, July 12th. They set a “buy” rating on the stock. Finally, Morgan Stanley boosted their price objective on shares of Servicemaster Global from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $58.88.

Institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in Servicemaster Global by 4.9% in the 2nd quarter. Northern Trust Corp now owns 688,718 shares of the business services provider’s stock valued at $40,958,000 after buying an additional 31,889 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Servicemaster Global by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 556,773 shares of the business services provider’s stock valued at $33,111,000 after buying an additional 18,642 shares during the last quarter. Schroder Investment Management Group grew its stake in Servicemaster Global by 4.1% in the 2nd quarter. Schroder Investment Management Group now owns 2,102,802 shares of the business services provider’s stock valued at $126,000,000 after buying an additional 82,774 shares during the last quarter. Davidson Kempner Capital Management LP grew its stake in Servicemaster Global by 67.9% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,175,000 shares of the business services provider’s stock valued at $69,877,000 after buying an additional 475,000 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Servicemaster Global in the 2nd quarter valued at about $146,000.

Shares of Servicemaster Global stock traded up $0.11 during trading on Tuesday, hitting $61.29. 1,306,300 shares of the stock were exchanged, compared to its average volume of 771,951. The firm has a market capitalization of $8.20 billion, a PE ratio of 29.05, a P/E/G ratio of 2.14 and a beta of 0.92. Servicemaster Global has a 1-year low of $43.75 and a 1-year high of $62.27. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.03 and a quick ratio of 0.97.

Servicemaster Global Company Profile

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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Earnings History and Estimates for Servicemaster Global (NYSE:SERV)

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