Servicemaster Global Holdings Inc (SERV) Releases Earnings Results, Beats Expectations By $0.02 EPS

Servicemaster Global Holdings Inc (SERV) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.65. The company posted revenue of $747.00 million in the period, compared to analysts expectations of $768.05 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Servicemaster Global Holdings Inc. Shares were Reiterated by Piper Jaffray on Jun 14, 2016 to “Overweight” and Lowered the Price Target to $ 47 from a previous price target of $49 .

Servicemaster Global Holdings Inc closed down -0.98 points or -2.46% at $38.92 with 46,57,933 shares getting traded on Thursday. Post opening the session at $39.9, the shares hit an intraday low of $37.27 and an intraday high of $39.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 12, 2016, Susan Hunsberger (SVP, Human Resources) sold 20,000 shares at $36.06 per share price. According to the SEC, on Mar 14, 2016, Mark J Barry (Chief Marketing & Strategy Ofc) sold 61,084 shares at $38.61 per share price. On Dec 17, 2015, Timothy M Haynes (Pres., American Home Shield) sold 15,500 shares at $37.91 per share price, according to the Form-4 filing with the securities and exchange commission.

ServiceMaster Global Holdings Inc. is a holding company. The Company is a provider of residential and commercial services operating through a service network of more than 8000 company owned locations and franchise and license agreements. The Company’s services include termite and pest control home warranties disaster restoration janitorial residential cleaning furniture repair and home inspection. Its portfolio of brands includes Terminix American Home Shield ServiceMaster Restore ServiceMaster Clean Merry Maids Furniture Medic and AmeriSpec. The Company’s segments include Terminix American Home Shield and the Franchise Services Group. The Terminix segment is a provider of termite and pest control services. The American Home Shield segment is a provider of home warranty plans for household systems and appliances. The Franchise Services Group segment provides residential and commercial disaster restoration janitorial and cleaning services through franchises.

Servicemaster Global Holdings Inc

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