Servicemaster Global Holdings Inc (SERV) Expected to Announce Quarterly Sales of $447.00 Million

Analysts expect Servicemaster Global Holdings Inc (NYSE:SERV) to report $447.00 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Servicemaster Global’s earnings, with the highest sales estimate coming in at $451.00 million and the lowest estimate coming in at $443.08 million. Servicemaster Global posted sales of $666.00 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.9%. The company is expected to report its next quarterly earnings results before the market opens on Tuesday, February 26th.

On average, analysts expect that Servicemaster Global will report full year sales of $2.13 billion for the current year, with estimates ranging from $1.89 billion to $2.87 billion. For the next financial year, analysts anticipate that the company will report sales of $1.98 billion, with estimates ranging from $1.95 billion to $2.01 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Servicemaster Global.

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Several research firms have recently issued reports on SERV. Bank of America downgraded shares of Servicemaster Global from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $45.00 to $36.00 in a report on Wednesday. Oppenheimer set a $47.00 price objective on shares of Servicemaster Global and gave the stock a “buy” rating in a report on Tuesday, December 11th. Zacks Investment Research downgraded shares of Servicemaster Global from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Goldman Sachs Group began coverage on shares of Servicemaster Global in a report on Wednesday, November 14th. They set a “neutral” rating and a $44.00 price objective on the stock. Finally, Morgan Stanley set a $39.00 price objective on shares of Servicemaster Global and gave the stock a “hold” rating in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Servicemaster Global has a consensus rating of “Hold” and a consensus price target of $45.60.

In other news, insider Matthew Stevenson sold 2,562 shares of Servicemaster Global stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $44.20, for a total transaction of $113,240.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in shares of Servicemaster Global during the 4th quarter valued at about $33,000. First Hawaiian Bank acquired a new stake in shares of Servicemaster Global during the 3rd quarter valued at about $193,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Servicemaster Global during the 3rd quarter valued at about $205,000. Parametrica Management Ltd acquired a new stake in shares of Servicemaster Global during the 3rd quarter valued at about $245,000. Finally, Pzena Investment Management LLC acquired a new stake in shares of Servicemaster Global during the 4th quarter valued at about $208,000. Institutional investors and hedge funds own 99.60% of the company’s stock.

NYSE:SERV opened at $39.06 on Monday. Servicemaster Global has a 52-week low of $32.93 and a 52-week high of $45.64. The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 1.90. The stock has a market cap of $5.42 billion, a PE ratio of 18.51, a P/E/G ratio of 2.71 and a beta of 0.97.

About Servicemaster Global

ServiceMaster Global Holdings, Inc provides termite and pest control, cleaning, and restoration services in residential and commercial markets in the United States. The company operates through, Terminix and the Franchise Services Group segments. 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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