Sabre Corporation (NASDAQ:SABR) – Research analysts at Oppenheimer Holdings lowered their Q3 2017 EPS estimates for Sabre Corporation in a report released on Wednesday. Oppenheimer Holdings analyst J. Kelly now expects that the information technology services provider will post earnings of $0.22 per share for the quarter, down from their previous estimate of $0.25. Oppenheimer Holdings has a “Outperform” rating and a $24.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Sabre Corporation’s Q4 2017 earnings at $0.27 EPS and FY2019 earnings at $1.42 EPS.

A number of other research analysts have also commented on the stock. TheStreet lowered shares of Sabre Corporation from a “b” rating to a “c” rating in a research note on Tuesday, August 1st. Cowen and Company reiterated an “outperform” rating and issued a $23.00 price target (down previously from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Mizuho reiterated a “buy” rating and issued a $25.00 price target (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Finally, Zacks Investment Research upgraded shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Sabre Corporation presently has a consensus rating of “Buy” and a consensus price target of $26.14.

TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/07/oppenheimer-holdings-weighs-in-on-sabre-corporations-q3-2017-earnings-nasdaqsabr.html.

Shares of Sabre Corporation (NASDAQ SABR) opened at 19.73 on Monday. Sabre Corporation has a 1-year low of $19.50 and a 1-year high of $29.45. The company has a market cap of $5.50 billion, a PE ratio of 41.62 and a beta of 0.71. The company has a 50 day moving average of $21.99 and a 200 day moving average of $22.53.

Sabre Corporation (NASDAQ:SABR) last released its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The business had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.84%. Sabre Corporation’s payout ratio is presently 116.67%.

In other Sabre Corporation news, insider Richard A. Simonson sold 36,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $24.43, for a total transaction of $879,480.00. Following the transaction, the insider now owns 231,103 shares in the company, valued at approximately $5,645,846.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SABR. Federated Investors Inc. PA raised its position in shares of Sabre Corporation by 142,008.6% in the second quarter. Federated Investors Inc. PA now owns 82,423 shares of the information technology services provider’s stock worth $1,794,000 after buying an additional 82,365 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Sabre Corporation by 22.0% in the second quarter. Cadence Capital Management LLC now owns 28,868 shares of the information technology services provider’s stock worth $628,000 after buying an additional 5,201 shares during the last quarter. Boston Private Wealth LLC raised its position in shares of Sabre Corporation by 7.0% in the second quarter. Boston Private Wealth LLC now owns 690,984 shares of the information technology services provider’s stock worth $15,043,000 after buying an additional 45,381 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Sabre Corporation by 4.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 208,410 shares of the information technology services provider’s stock worth $4,537,000 after buying an additional 9,310 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its position in shares of Sabre Corporation by 448.7% in the second quarter. ZWJ Investment Counsel Inc. now owns 349,063 shares of the information technology services provider’s stock worth $7,599,000 after buying an additional 285,441 shares during the last quarter.

Sabre Corporation Company Profile

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

Receive News & Ratings for Sabre Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corporation and related companies with MarketBeat.com's FREE daily email newsletter.