Sabre Corporation (SABR) Expected to Post Earnings of $0.28 Per Share
Analysts predict that Sabre Corporation (NASDAQ:SABR) will post earnings of $0.28 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sabre Corporation’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.25. Sabre Corporation posted earnings per share of $0.27 during the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The company is expected to announce its next earnings results on Wednesday, November 1st.
On average, analysts expect that Sabre Corporation will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.40. For the next financial year, analysts anticipate that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.39 to $1.55. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Sabre Corporation.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. Sabre Corporation’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS.
A number of brokerages have recently commented on SABR. Mizuho reissued a “buy” rating and set a $25.00 price objective (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet lowered Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. BidaskClub lowered Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Bank of America Corporation lowered Sabre Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $24.00 to $18.00 in a report on Monday, August 7th. Finally, Cowen and Company reissued an “outperform” rating and set a $23.00 price objective (down previously from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Sabre Corporation has a consensus rating of “Hold” and an average target price of $23.22.
Sabre Corporation (NASDAQ:SABR) traded up 0.66% during trading on Friday, reaching $18.20. The company had a trading volume of 2,173,562 shares. The company has a market capitalization of $5.07 billion, a P/E ratio of 38.40 and a beta of 0.74. The stock has a 50 day moving average of $18.56 and a 200-day moving average of $21.40. Sabre Corporation has a 12 month low of $17.30 and a 12 month high of $28.42.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, September 20th. This represents a $0.56 annualized dividend and a yield of 3.08%. Sabre Corporation’s payout ratio is 116.67%.
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In related news, insider Hugh W. Jones sold 36,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the sale, the insider now owns 82,600 shares in the company, valued at approximately $1,661,912. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Judson Wade Jones sold 3,822 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the sale, the insider now owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in Sabre Corporation by 4.7% during the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 205 shares during the period. Toronto Dominion Bank boosted its stake in Sabre Corporation by 2.1% during the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 254 shares during the period. Utah Retirement Systems boosted its stake in Sabre Corporation by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 38,100 shares of the information technology services provider’s stock valued at $830,000 after purchasing an additional 400 shares during the period. Shell Asset Management Co. boosted its stake in Sabre Corporation by 4.6% during the 1st quarter. Shell Asset Management Co. now owns 12,420 shares of the information technology services provider’s stock valued at $263,000 after purchasing an additional 547 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its stake in Sabre Corporation by 2.4% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 30,997 shares of the information technology services provider’s stock valued at $675,000 after purchasing an additional 716 shares during the period.
About Sabre Corporation
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.
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