Sabre Corporation (NASDAQ:SABR) – Stock analysts at KeyCorp cut their Q1 2018 EPS estimates for shares of Sabre Corporation in a research note issued to investors on Tuesday. KeyCorp analyst B. Erickson now anticipates that the information technology services provider will earn $0.37 per share for the quarter, down from their prior estimate of $0.38. KeyCorp also issued estimates for Sabre Corporation’s Q3 2018 earnings at $0.31 EPS.

A number of other brokerages have also recently weighed in on SABR. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. TheStreet cut Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $24.00 target price (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Cowen and Company reiterated an “outperform” rating and issued a $23.00 target price (down previously from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, Mizuho reiterated a “buy” rating and issued a $25.00 target price (down previously from $27.00) 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 issued a hold rating and six have assigned a buy rating to the company. Sabre Corporation has an average rating of “Hold” and a consensus price target of $22.63.

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Sabre Corporation (NASDAQ:SABR) traded down 0.39% during midday trading on Friday, hitting $18.04. The company had a trading volume of 642,722 shares. The stock has a 50 day moving average of $18.15 and a 200 day moving average of $20.73. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 38.06 and a beta of 0.74. Sabre Corporation has a 52-week low of $17.30 and a 52-week high of $27.35.

Sabre Corporation (NASDAQ:SABR) last posted 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 Thomson Reuters’ consensus estimate of $0.32 by $0.03. The firm had revenue of $900.66 million for the quarter, compared to the consensus estimate of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS.

A number of large investors have recently added to or reduced their stakes in SABR. Russell Investments Group Ltd. raised its position in Sabre Corporation by 186.4% in the first quarter. Russell Investments Group Ltd. now owns 38,681 shares of the information technology services provider’s stock valued at $819,000 after purchasing an additional 25,174 shares during the period. Karp Capital Management Corp purchased a new position in Sabre Corporation in the first quarter valued at about $226,000. Parametric Portfolio Associates LLC raised its position in Sabre Corporation by 45.8% in the first quarter. Parametric Portfolio Associates LLC now owns 120,548 shares of the information technology services provider’s stock valued at $2,554,000 after purchasing an additional 37,876 shares during the period. JPMorgan Chase & Co. raised its position in Sabre Corporation by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 200,309 shares of the information technology services provider’s stock valued at $4,245,000 after purchasing an additional 8,127 shares during the period. Finally, Teachers Advisors LLC raised its position in Sabre Corporation by 6.6% in the first quarter. Teachers Advisors LLC now owns 196,072 shares of the information technology services provider’s stock valued at $4,155,000 after purchasing an additional 12,061 shares during the period.

In other Sabre Corporation news, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the transaction, the insider now directly owns 31,726 shares of the company’s stock, valued at $568,529.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hugh W. Jones sold 36,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of the transaction, the insider now directly owns 82,600 shares in the company, valued at $1,661,912. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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.

Earnings History and Estimates for Sabre Corporation (NASDAQ:SABR)

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