Servicemaster Global (NYSE:SERV) posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31, Briefing.com reports. The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $528.05 million. Servicemaster Global had a positive return on equity of 7.91% and a negative net margin of 4.64%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS.
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Shares of SERV stock traded up $0.82 on Friday, hitting $34.80. 3,971,906 shares of the stock traded hands, compared to its average volume of 2,747,448. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.84. The company has a market capitalization of $4.61 billion, a PE ratio of 36.63, a PEG ratio of 1.53 and a beta of 0.50. Servicemaster Global has a 1-year low of $33.53 and a 1-year high of $58.78. The company’s fifty day moving average is $48.28 and its 200 day moving average is $52.67.
SERV has been the subject of a number of research reports. Buckingham Research reiterated a “neutral” rating and set a $45.00 target price (down previously from $61.00) on shares of Servicemaster Global in a report on Friday, October 25th. Nomura reiterated a “buy” rating and set a $62.00 target price on shares of Servicemaster Global in a report on Thursday, August 8th. ValuEngine cut Servicemaster Global from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley boosted their price target on Servicemaster Global from $54.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, Bank of America reduced their price target on Servicemaster Global from $50.00 to $42.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Servicemaster Global currently has a consensus rating of “Hold” and an average price target of $53.86.
In related news, Director Steven B. Hochhauser acquired 2,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $35.01 per share, for a total transaction of $70,020.00. Following the purchase, the director now directly owns 7,723 shares in the company, valued at $270,382.23. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.
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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