Brokerages expect that Servicemaster Global Holdings Inc (NYSE:SERV) will report $663.90 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Servicemaster Global’s earnings, with the highest sales estimate coming in at $665.00 million and the lowest estimate coming in at $661.95 million. Servicemaster Global reported sales of $643.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.3%. The business is scheduled to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Servicemaster Global will report full year sales of $663.90 million for the current fiscal year, with estimates ranging from $3.03 billion to $3.08 billion. For the next financial year, analysts expect that the firm will report sales of $3.21 billion per share, with estimates ranging from $3.17 billion to $3.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Servicemaster Global.
Servicemaster Global (NYSE:SERV) last issued its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Servicemaster Global had a net margin of 17.51% and a return on equity of 33.21%. The company had revenue of $666.00 million for the quarter, compared to analysts’ expectations of $665.27 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Servicemaster Global’s revenue for the quarter was up 5.2% on a year-over-year basis.
In other news, Director Naren K. Gursahaney purchased 2,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were acquired at an average price of $50.20 per share, with a total value of $100,400.00. Following the completion of the transaction, the director now owns 2,976 shares of the company’s stock, valued at approximately $149,395.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James T. Lucke sold 16,737 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $51.70, for a total transaction of $865,302.90. Following the sale, the senior vice president now directly owns 5,691 shares in the company, valued at approximately $294,224.70. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in Servicemaster Global by 5.9% during the third quarter. Wells Fargo & Company MN now owns 121,043 shares of the business services provider’s stock valued at $5,656,000 after acquiring an additional 6,742 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new position in shares of Servicemaster Global during the third quarter valued at about $5,916,000. Canada Pension Plan Investment Board raised its holdings in shares of Servicemaster Global by 189.8% during the third quarter. Canada Pension Plan Investment Board now owns 34,200 shares of the business services provider’s stock valued at $1,598,000 after purchasing an additional 22,400 shares during the period. Legal & General Group Plc raised its holdings in shares of Servicemaster Global by 14.2% during the third quarter. Legal & General Group Plc now owns 85,842 shares of the business services provider’s stock valued at $4,012,000 after purchasing an additional 10,656 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Servicemaster Global by 653.6% during the second quarter. Royal Bank of Canada now owns 7,950 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 6,895 shares during the period.
Shares of Servicemaster Global (SERV) opened at $50.87 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.26. Servicemaster Global has a one year low of $36.34 and a one year high of $55.36. The firm has a market cap of $6,810.00, a price-to-earnings ratio of 28.74 and a beta of 0.94.
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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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