Sabre Corp (SABR) Expected to Announce Earnings of $0.27 Per Share

Brokerages expect Sabre Corp (NASDAQ:SABR) to announce $0.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sabre’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.31. Sabre also reported earnings per share of $0.27 in the same quarter last year. The company is expected to report its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Sabre will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.40. For the next year, analysts forecast that the company will report earnings of $1.31 per share, with EPS estimates ranging from $1.26 to $1.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Sabre.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $900.60 million during the quarter, compared to the consensus estimate of $884.04 million. Sabre had a return on equity of 53.97% and a net margin of 5.22%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share.

Several brokerages have recently commented on SABR. Evercore ISI downgraded Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday. Oppenheimer reaffirmed a “buy” rating and issued a $24.00 target price on shares of Sabre in a report on Wednesday, November 1st. TheStreet raised Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Cowen set a $23.00 target price on Sabre and gave the company a “buy” rating in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $22.63.

Several hedge funds have recently added to or reduced their stakes in SABR. Schwab Charles Investment Management Inc. grew its holdings in shares of Sabre by 19.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 696,044 shares of the information technology services provider’s stock valued at $15,153,000 after acquiring an additional 115,396 shares in the last quarter. Legal & General Group Plc grew its holdings in Sabre by 71.5% during the second quarter. Legal & General Group Plc now owns 276,926 shares of the information technology services provider’s stock valued at $6,029,000 after purchasing an additional 115,421 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Sabre by 4.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 208,410 shares of the information technology services provider’s stock valued at $4,537,000 after purchasing an additional 9,310 shares during the period. Federated Investors Inc. PA grew its holdings in Sabre by 142,008.6% during the second quarter. Federated Investors Inc. PA now owns 82,423 shares of the information technology services provider’s stock valued at $1,794,000 after purchasing an additional 82,365 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Sabre by 21.3% during the second quarter. Victory Capital Management Inc. now owns 57,888 shares of the information technology services provider’s stock valued at $1,260,000 after purchasing an additional 10,155 shares during the period.

Shares of Sabre (NASDAQ SABR) traded down $0.46 during trading on Friday, hitting $20.43. The stock had a trading volume of 3,790,922 shares, compared to its average volume of 2,004,500. The stock has a market capitalization of $5,610.00, a P/E ratio of 29.61, a PEG ratio of 5.14 and a beta of 0.76. Sabre has a 12-month low of $17.30 and a 12-month high of $25.33. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, December 20th. Sabre’s dividend payout ratio is presently 81.16%.

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Sabre 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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