$858.54 Million in Sales Expected for Sabre Corp (SABR) This Quarter

Equities analysts predict that Sabre Corp (NASDAQ:SABR) will post sales of $858.54 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sabre’s earnings. The highest sales estimate is $864.10 million and the lowest is $850.10 million. Sabre posted sales of $829.62 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is scheduled to announce its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Sabre will report full year sales of $858.54 million for the current year, with estimates ranging from $3.57 billion to $3.58 billion. For the next year, analysts anticipate that the company will post sales of $3.72 billion per share, with estimates ranging from $3.66 billion to $3.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for 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, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $900.60 million during the quarter, compared to analysts’ expectations of $884.04 million. Sabre had a net margin of 5.22% and a return on equity of 53.97%. Sabre’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share.

Several brokerages recently commented on SABR. Zacks Investment Research raised shares of Sabre from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Evercore ISI cut shares of Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Oppenheimer reissued a “buy” rating and issued a $24.00 price target on shares of Sabre in a research note on Wednesday, November 1st. Deutsche Bank reissued a “buy” rating and issued a $22.00 price target (down previously from $25.00) on shares of Sabre in a research note on Monday, October 9th. Finally, Cowen set a $23.00 price target on shares of Sabre and gave the stock a “buy” rating in a research note on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Sabre currently has an average rating of “Hold” and a consensus target price of $22.67.

Sabre (NASDAQ SABR) opened at $20.72 on Wednesday. The company has a market cap of $5,680.57, a P/E ratio of 30.93, a P/E/G ratio of 4.91 and a beta of 0.76. Sabre has a 12 month low of $17.30 and a 12 month high of $25.02. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, December 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.70%. Sabre’s dividend payout ratio is presently 83.58%.

A number of hedge funds have recently added to or reduced their stakes in SABR. State Street Corp grew its stake in Sabre by 72.5% in the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock worth $141,819,000 after buying an additional 2,738,529 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Sabre by 133.6% in the 2nd quarter. Epoch Investment Partners Inc. now owns 3,069,058 shares of the information technology services provider’s stock worth $66,813,000 after acquiring an additional 1,754,999 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of Sabre by 14.3% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 10,806,431 shares of the information technology services provider’s stock worth $195,596,000 after acquiring an additional 1,354,184 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Sabre in the 2nd quarter worth approximately $27,613,000. Finally, Northern Trust Corp lifted its holdings in shares of Sabre by 67.5% in the 2nd quarter. Northern Trust Corp now owns 2,005,364 shares of the information technology services provider’s stock worth $43,657,000 after acquiring an additional 808,017 shares during the last quarter.

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About Sabre

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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