Wall Street analysts expect Servicemaster Global Holdings Inc (NYSE:SERV) to report sales of $666.41 million for the current quarter, Zacks reports. Three analysts have provided estimates for Servicemaster Global’s earnings, with the lowest sales estimate coming in at $664.00 million and the highest estimate coming in at $668.72 million. Servicemaster Global reported sales of $633.00 million in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is expected to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Servicemaster Global will report full-year sales of $666.41 million for the current year, with estimates ranging from $2.91 billion to $2.92 billion. For the next financial year, analysts expect that the business will post sales of $3.06 billion per share, with estimates ranging from $3.05 billion to $3.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Servicemaster Global.

Servicemaster Global (NYSE:SERV) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Servicemaster Global had a return on equity of 40.22% and a net margin of 8.16%. The firm had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $795.41 million. During the same period in the prior year, the business posted $0.59 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year.

A number of analysts have weighed in on SERV shares. Zacks Investment Research upgraded Servicemaster Global from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Morgan Stanley upped their price target on Servicemaster Global from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, September 28th. BidaskClub cut Servicemaster Global from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Royal Bank of Canada cut Servicemaster Global from an “outperform” rating to a “sector perform” rating and set a $44.00 price target on the stock. in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated a “hold” rating and issued a $52.00 price target on shares of Servicemaster Global in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $49.92.

Shares of Servicemaster Global (NYSE SERV) opened at $53.34 on Monday. Servicemaster Global has a 1 year low of $36.34 and a 1 year high of $53.79. The firm has a market capitalization of $7,202.45, a price-to-earnings ratio of 30.66 and a beta of 1.00. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.03 and a quick ratio of 0.99.

In other news, insider Mary Kay Wegner sold 6,562 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $47.13, for a total transaction of $309,267.06. Following the sale, the insider now owns 6,562 shares in the company, valued at $309,267.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John Patrick Mullen sold 3,646 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $46.47, for a total value of $169,429.62. Following the sale, the chief accounting officer now owns 3,280 shares in the company, valued at approximately $152,421.60. The disclosure for this sale can be found here. Insiders have sold 32,464 shares of company stock worth $1,596,901 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in Servicemaster Global by 100.0% in the fourth quarter. State of Alaska Department of Revenue now owns 21,445 shares of the business services provider’s stock valued at $1,098,000 after acquiring an additional 10,720 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Servicemaster Global by 15.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,338,337 shares of the business services provider’s stock valued at $68,617,000 after acquiring an additional 179,131 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Servicemaster Global by 7.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 525,234 shares of the business services provider’s stock valued at $26,929,000 after acquiring an additional 36,688 shares during the last quarter. Bank of Montreal Can boosted its holdings in Servicemaster Global by 1,684.5% in the fourth quarter. Bank of Montreal Can now owns 117,025 shares of the business services provider’s stock valued at $5,999,000 after acquiring an additional 110,467 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Servicemaster Global in the third quarter valued at about $790,000.

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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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