Sabre Corporation (SABR) Issues FY17 Earnings Guidance
Sabre Corporation (NASDAQ:SABR) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $1.31-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35. The company issued revenue guidance of $3.540-3.620 billion, compared to the consensus revenue estimate of $3.57 billion.
SABR has been the subject of several recent analyst reports. Cowen and Company reiterated an outperform rating and issued a $23.00 target price (down from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Mizuho reissued a buy rating and issued a $25.00 price target (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet cut shares of Sabre Corporation from a b rating to a c rating in a report on Tuesday, August 1st. Jefferies Group LLC raised shares of Sabre Corporation from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Tuesday, August 15th. Finally, Zacks Investment Research raised shares of Sabre Corporation from a sell rating to a hold rating in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $22.63.
Sabre Corporation (SABR) opened at 18.15 on Tuesday. The company’s 50-day moving average is $18.18 and its 200 day moving average is $20.66. Sabre Corporation has a 12-month low of $17.30 and a 12-month high of $27.35. The stock has a market capitalization of $5.06 billion, a PE ratio of 38.29 and a beta of 0.74.
Sabre Corporation (NASDAQ:SABR) last announced its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The firm had revenue of $900.60 million for the quarter, compared to analyst estimates of $884.04 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.
In other news, insider Judson Wade Jones sold 3,822 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hugh W. Jones sold 36,100 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the transaction, the insider now owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
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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