ServiceMaster Global Holdings, Inc. (SERV) Expected to Announce Earnings of $0.34 Per Share

Equities analysts predict that ServiceMaster Global Holdings, Inc. (NYSE:SERV) will announce $0.34 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for ServiceMaster Global’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.32. ServiceMaster Global reported earnings of $0.44 per share in the same quarter last year, which indicates a negative year over year growth rate of 22.7%. The firm is expected to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that ServiceMaster Global will report full-year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.08 to $2.11. For the next year, analysts anticipate that the business will report earnings of $2.30 per share, with EPS estimates ranging from $2.24 to $2.39. Zacks’ 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 released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. The business had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $795.41 million. ServiceMaster Global had a return on equity of 40.22% and a net margin of 8.16%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS.

A number of equities analysts have recently weighed in on SERV shares. Zacks Investment Research cut ServiceMaster Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. BidaskClub cut ServiceMaster Global from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Royal Bank Of Canada cut ServiceMaster Global from an “outperform” rating to a “sector perform” rating and set a $44.00 price target for the company. in a report on Tuesday, October 24th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and set a $52.00 target price on shares of ServiceMaster Global in a report on Wednesday, November 1st. Finally, Nomura raised their target price on ServiceMaster Global from $36.00 to $39.00 and gave the company a “reduce” rating in a report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.00.

ServiceMaster Global (NYSE:SERV) traded up $0.31 during midday trading on Thursday, hitting $49.20. The stock had a trading volume of 750,158 shares, compared to its average volume of 616,853. The stock has a market cap of $6,643.43, a PE ratio of 22.36 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 3.12. ServiceMaster Global has a fifty-two week low of $36.34 and a fifty-two week high of $49.28.

In related news, insider Mary Kay Wegner sold 6,562 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total transaction of $309,267.06. Following the completion of the transaction, the insider now directly owns 6,562 shares in the company, valued at approximately $309,267.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO John Patrick Mullen sold 3,646 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $46.47, for a total value of $169,429.62. Following the transaction, the chief accounting officer now owns 3,280 shares of the company’s stock, valued at $152,421.60. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new position in shares of ServiceMaster Global in the 2nd quarter valued at about $568,959,000. Vanguard Group Inc. boosted its stake in shares of ServiceMaster Global by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,535,475 shares of the business services provider’s stock valued at $412,885,000 after buying an additional 99,374 shares during the period. Longview Partners Guernsey LTD boosted its stake in shares of ServiceMaster Global by 4.6% in the 3rd quarter. Longview Partners Guernsey LTD now owns 9,490,981 shares of the business services provider’s stock valued at $443,514,000 after buying an additional 417,782 shares during the period. Capital Research Global Investors boosted its stake in shares of ServiceMaster Global by 4.4% in the 2nd quarter. Capital Research Global Investors now owns 9,228,000 shares of the business services provider’s stock valued at $361,645,000 after buying an additional 393,000 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its stake in shares of ServiceMaster Global by 42.7% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 5,196,144 shares of the business services provider’s stock valued at $203,636,000 after buying an additional 1,554,084 shares during the period.

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About ServiceMaster Global

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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