Sabre Corporation (SABR) Scheduled to Post Earnings on Tuesday
Sabre Corporation (NASDAQ:SABR) is set to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect Sabre Corporation to post earnings of $0.29 per share for the quarter. Sabre Corporation has set its FY17 guidance at $1.31-1.45 EPS.
Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. On average, analysts expect Sabre Corporation to post $1.22 EPS for the current fiscal year and $1.32 EPS for the next fiscal year.
Shares of Sabre Corporation (NASDAQ SABR) opened at 18.15 on Tuesday. The stock has a market cap of $5.06 billion, a PE ratio of 38.29 and a beta of 0.74. The stock has a 50 day moving average of $18.15 and a 200-day moving average of $20.77. Sabre Corporation has a 52 week low of $17.30 and a 52 week high of $27.35.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is presently 116.67%.
In other Sabre Corporation news, insider Hugh W. Jones sold 36,100 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the transaction, the insider now owns 82,600 shares in the company, valued at $1,661,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Judson Wade Jones sold 3,822 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the transaction, the insider now owns 31,726 shares in the company, valued at approximately $568,529.92. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. TheStreet cut shares of Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $24.00 price target (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Cowen and Company restated an “outperform” rating and issued a $23.00 price target (down previously from $26.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Finally, Mizuho restated a “buy” rating and issued a $25.00 price target (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.63.
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.
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