Equities research analysts expect ServiceMaster Global Holdings, Inc. (NYSE:SERV) to announce $794.79 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for ServiceMaster Global Holdings’ earnings. The highest sales estimate is $800.02 million and the lowest is $788.00 million. ServiceMaster Global Holdings reported sales of $758.00 million in the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The business is expected to report its next quarterly earnings report on Friday, October 13th.

On average, analysts expect that ServiceMaster Global Holdings will report full-year sales of $794.79 million for the current financial year, with estimates ranging from $2.90 billion to $2.92 billion. For the next year, analysts anticipate that the company will report sales of $3.07 billion per share, with estimates ranging from $3.06 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 Holdings.

ServiceMaster Global Holdings (NYSE:SERV) last issued its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The firm had revenue of $807.00 million during the quarter, compared to analyst estimates of $806.64 million. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS.

Several research firms have recently issued reports on SERV. Zacks Investment Research upgraded shares of ServiceMaster Global Holdings from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday. Morgan Stanley lifted their target price on shares of ServiceMaster Global Holdings from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, September 28th. CIBC started coverage on shares of ServiceMaster Global Holdings in a research report on Wednesday, September 20th. They set an “outperform” rating and a $55.00 price target for the company. Oppenheimer Holdings, Inc. started coverage on shares of ServiceMaster Global Holdings in a research report on Wednesday, September 20th. They set an “outperform” rating and a $55.00 price target for the company. Finally, Rowe started coverage on shares of ServiceMaster Global Holdings in a research report on Tuesday, September 19th. They set an “outperform” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. ServiceMaster Global Holdings has an average rating of “Buy” and an average price target of $49.55.

Shares of ServiceMaster Global Holdings (NYSE:SERV) traded down 0.34% during mid-day trading on Thursday, reaching $47.31. The company’s stock had a trading volume of 413,947 shares. The company has a 50-day moving average of $46.70 and a 200-day moving average of $41.70. The company has a market cap of $6.31 billion, a P/E ratio of 28.85 and a beta of 1.02. ServiceMaster Global Holdings has a 12 month low of $32.41 and a 12 month high of $48.48.

In other ServiceMaster Global Holdings news, insider Timothy M. Haynes sold 5,000 shares of ServiceMaster Global Holdings stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $45.90, for a total value of $229,500.00. Following the completion of the sale, the insider now owns 22,335 shares of the company’s stock, valued at approximately $1,025,176.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Timothy M. Haynes sold 45,623 shares of ServiceMaster Global Holdings stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $44.48, for a total transaction of $2,029,311.04. Following the completion of the sale, the insider now directly owns 29,833 shares of the company’s stock, valued at approximately $1,326,971.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,225,655 shares of company stock valued at $52,344,228. 1.20% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of SERV. Janus Henderson Group PLC bought a new stake in ServiceMaster Global Holdings in the 2nd quarter worth approximately $568,959,000. BlackRock Inc. grew its position in shares of ServiceMaster Global Holdings by 31,635.5% during the 1st quarter. BlackRock Inc. now owns 5,574,344 shares of the business services provider’s stock valued at $232,730,000 after acquiring an additional 5,556,779 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in shares of ServiceMaster Global Holdings during the 1st quarter valued at $93,086,000. Marshall Wace North America L.P. bought a new stake in shares of ServiceMaster Global Holdings during the 1st quarter valued at $93,086,000. Finally, Atlanta Capital Management Co. L L C grew its position in shares of ServiceMaster Global Holdings by 42.7% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 5,196,144 shares of the business services provider’s stock valued at $203,636,000 after acquiring an additional 1,554,084 shares during the period.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/08/zacks-brokerages-anticipate-servicemaster-global-holdings-inc-serv-will-announce-quarterly-sales-of-794-79-million.html.

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.

Get a free copy of the Zacks research report on ServiceMaster Global Holdings (SERV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for ServiceMaster Global Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceMaster Global Holdings Inc. and related stocks with our FREE daily email newsletter.