Sabre Corporation (SABR) to Issue Quarterly Dividend of $0.14
Sabre Corporation (NASDAQ:SABR) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Thursday, December 21st will be paid a dividend of 0.14 per share by the information technology services provider on Friday, December 29th. This represents a $0.56 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, December 20th.
Shares of Sabre Corporation (NASDAQ:SABR) traded down $0.81 during midday trading on Friday, reaching $18.74. The company’s stock had a trading volume of 1,753,745 shares, compared to its average volume of 1,818,237. The company has a market capitalization of $5,092.45, a P/E ratio of 14.71 and a beta of 0.76.
Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $900.60 million for the quarter, compared to analysts’ expectations of $884.04 million. Sabre Corporation had a net margin of 5.22% and a return on equity of 53.97%. Sabre Corporation’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. equities research analysts expect that Sabre Corporation will post 1.21 EPS for the current year.
Several brokerages have issued reports on SABR. Goldman Sachs Group, Inc. (The) cut shares of Sabre Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $20.00 in a research note on Monday, September 11th. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Zacks Investment Research raised shares of Sabre Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Cowen and Company restated an “outperform” rating and set a $23.00 target price (down from $26.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $24.00 target price on shares of Sabre Corporation in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.63.
In other Sabre Corporation news, 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 sale, the insider now directly 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 through the SEC website. 1.80% of the stock is currently owned by insiders.
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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