ServiceMaster Global Holdings, Inc. (SERV) Expected to Post Earnings of $0.69 Per Share

Wall Street analysts forecast that ServiceMaster Global Holdings, Inc. (NYSE:SERV) will announce earnings per share of $0.69 for the current quarter, according to Zacks. Two analysts have provided estimates for ServiceMaster Global Holdings’ earnings. The highest EPS estimate is $0.71 and the lowest is $0.67. ServiceMaster Global Holdings posted earnings per share of $0.67 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The firm is expected to announce its next earnings results on Thursday, July 27th.

On average, analysts expect that ServiceMaster Global Holdings will report full-year earnings of $2.13 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.19. For the next year, analysts anticipate that the business will report earnings of $2.43 per share, with EPS estimates ranging from $2.34 to $2.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow ServiceMaster Global Holdings.

ServiceMaster Global Holdings (NYSE:SERV) last posted its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.04. ServiceMaster Global Holdings had a net margin of 5.61% and a return on equity of 43.03%. The business had revenue of $643 million during the quarter, compared to the consensus estimate of $638.52 million. During the same period last year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis.

A number of equities research analysts have commented on SERV shares. Zacks Investment Research upgraded shares of ServiceMaster Global Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, March 9th. Piper Jaffray Companies restated an “overweight” rating and set a $49.00 target price on shares of ServiceMaster Global Holdings in a research note on Thursday, April 6th. J P Morgan Chase & Co started coverage on shares of ServiceMaster Global Holdings in a research note on Thursday, April 20th. They set an “overweight” rating and a $49.00 target price on the stock. Instinet raised their target price on shares of ServiceMaster Global Holdings from $30.00 to $32.00 and gave the stock a “reduce” rating in a research note on Thursday, May 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $48.00 target price on shares of ServiceMaster Global Holdings in a research note on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. ServiceMaster Global Holdings has a consensus rating of “Hold” and a consensus target price of $42.57.

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Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in ServiceMaster Global Holdings by 31,635.5% in the first quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock valued at $232,730,000 after buying an additional 5,556,779 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in ServiceMaster Global Holdings during the first quarter valued at about $93,086,000. Marshall Wace North America L.P. bought a new stake in ServiceMaster Global Holdings during the first quarter valued at about $93,086,000. Norges Bank bought a new stake in ServiceMaster Global Holdings during the fourth quarter valued at about $47,770,000. Finally, FMR LLC boosted its stake in ServiceMaster Global Holdings by 6.9% in the first quarter. FMR LLC now owns 15,507,134 shares of the business services provider’s stock valued at $647,423,000 after buying an additional 997,837 shares during the last quarter.

ServiceMaster Global Holdings (NYSE SERV) traded up 0.97% during mid-day trading on Friday, hitting $39.61. 163,624 shares of the stock traded hands. ServiceMaster Global Holdings has a 1-year low of $32.41 and a 1-year high of $42.45. The company’s 50 day moving average price is $38.16 and its 200-day moving average price is $38.82. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 35.05 and a beta of 1.02.

About ServiceMaster Global Holdings

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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