Q4 2019 EPS Estimates for Servicemaster Global Holdings Inc (NYSE:SERV) Boosted by Analyst

Servicemaster Global Holdings Inc (NYSE:SERV) – Research analysts at William Blair increased their Q4 2019 earnings per share estimates for shares of Servicemaster Global in a report issued on Wednesday, November 6th, according to Zacks Investment Research. William Blair analyst T. Mulrooney now forecasts that the business services provider will earn $0.20 per share for the quarter, up from their prior forecast of $0.19. William Blair also issued estimates for Servicemaster Global’s Q1 2020 earnings at $0.36 EPS, Q2 2020 earnings at $0.48 EPS, Q3 2020 earnings at $0.33 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $1.39 EPS.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley upped their price target on shares of Servicemaster Global from $54.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Nomura restated a “buy” rating and issued a $62.00 price target on shares of Servicemaster Global in a research report on Thursday, August 8th. ValuEngine upgraded shares of Servicemaster Global from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Zacks Investment Research lowered shares of Servicemaster Global from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group initiated coverage on shares of Servicemaster Global in a research note on Wednesday, November 27th. They issued a “buy” rating and a $43.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.50.

Shares of NYSE:SERV traded up $0.17 during mid-day trading on Friday, hitting $39.36. The stock had a trading volume of 1,499,100 shares, compared to its average volume of 1,043,010. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market cap of $5.31 billion, a PE ratio of 41.43, a P/E/G ratio of 1.75 and a beta of 0.46. Servicemaster Global has a 12-month low of $33.53 and a 12-month high of $58.78. The company’s 50 day moving average is $41.78 and its 200-day moving average is $51.48.

Servicemaster Global (NYSE:SERV) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $528.05 million. Servicemaster Global had a negative net margin of 4.64% and a positive return on equity of 7.91%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS.

In related news, Director Steven B. Hochhauser acquired 2,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $35.01 per share, for a total transaction of $70,020.00. Following the purchase, the director now owns 7,723 shares in the company, valued at $270,382.23. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SERV. M&T Bank Corp grew its stake in Servicemaster Global by 3.0% in the 2nd quarter. M&T Bank Corp now owns 6,432 shares of the business services provider’s stock valued at $336,000 after buying an additional 190 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Servicemaster Global by 6.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,849 shares of the business services provider’s stock valued at $495,000 after buying an additional 521 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Servicemaster Global in the 2nd quarter valued at $32,000. State of Alaska Department of Revenue grew its stake in Servicemaster Global by 2.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 33,544 shares of the business services provider’s stock valued at $1,746,000 after buying an additional 705 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Servicemaster Global by 63.2% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,843 shares of the business services provider’s stock valued at $96,000 after buying an additional 714 shares during the last quarter.

About Servicemaster Global

ServiceMaster Global Holdings, Inc provides services to residential and commercial customers in the termite, pest control, cleaning, and restoration markets in all 50 states and the District of Columbia. The company operates through two segments, Terminix and ServiceMaster Brands. 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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