FY2018 EPS Estimates for Servicemaster Global Holdings Inc Boosted by Analyst (SERV)
Servicemaster Global Holdings Inc (NYSE:SERV) – Investment analysts at William Blair upped their FY2018 EPS estimates for Servicemaster Global in a research report issued to clients and investors on Wednesday. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $2.59 per share for the year, up from their previous estimate of $2.28. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Servicemaster Global’s FY2019 earnings at $2.93 EPS.
Servicemaster Global (NYSE:SERV) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Servicemaster Global had a return on equity of 37.67% and a net margin of 17.51%. The business had revenue of $666.00 million for the quarter, compared to analysts’ expectations of $665.27 million. During the same period in the previous year, the business posted $0.44 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year.
Shares of Servicemaster Global (NYSE:SERV) opened at $50.17 on Monday. Servicemaster Global has a 52 week low of $36.34 and a 52 week high of $55.36. The stock has a market capitalization of $6,786.35, a PE ratio of 13.31 and a beta of 0.95. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 3.12.
In other news, insider Mary Kay Wegner sold 1,256 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $50.29, for a total transaction of $63,164.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James T. Lucke sold 21,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $50.24, for a total value of $1,055,040.00. Following the transaction, the senior vice president now directly owns 21,000 shares of the company’s stock, valued at approximately $1,055,040. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,999 shares of company stock worth $1,353,315. Company insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of Servicemaster Global during the fourth quarter worth about $131,000. Advisory Services Network LLC purchased a new stake in Servicemaster Global in the fourth quarter worth approximately $153,000. American International Group Inc. purchased a new stake in Servicemaster Global in the fourth quarter worth approximately $163,000. The Manufacturers Life Insurance Company boosted its stake in Servicemaster Global by 18.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,529 shares of the business services provider’s stock worth $177,000 after buying an additional 708 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Servicemaster Global in the third quarter worth approximately $206,000.
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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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