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

Wall Street analysts forecast that Sabre Corp (NASDAQ:SABR) will announce earnings of $0.27 per share for the current quarter, according to Zacks. Five analysts have made estimates for Sabre’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.24. Sabre also posted earnings of $0.27 per share during the same quarter last year. The firm is expected to announce its next earnings report before the market opens on Wednesday, February 14th.

On average, 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 $1.39. For the next financial year, analysts expect that the company will report earnings of $1.31 per share, with EPS estimates ranging from $1.26 to $1.44. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Sabre.

A number of research firms have recently issued reports on SABR. Zacks Investment Research raised Sabre from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Saturday, February 3rd. Mizuho reissued a “buy” rating and issued a $25.00 target price on shares of Sabre in a report on Thursday, January 25th. Evercore ISI lowered Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. TheStreet raised Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Finally, Oppenheimer reissued a “buy” rating and issued a $24.00 target price on shares of Sabre in a report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Sabre has an average rating of “Hold” and an average price target of $22.67.

A number of hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank grew its holdings in Sabre by 39.8% during the fourth quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 3,509 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Sabre by 12.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 347,953 shares of the information technology services provider’s stock worth $7,133,000 after acquiring an additional 38,325 shares during the period. Wells Fargo & Company MN grew its holdings in Sabre by 175.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,302,885 shares of the information technology services provider’s stock worth $47,208,000 after acquiring an additional 1,466,939 shares during the period. New Mexico Educational Retirement Board acquired a new position in Sabre during the fourth quarter worth $1,058,000. Finally, KBC Group NV grew its holdings in Sabre by 53.6% during the fourth quarter. KBC Group NV now owns 569,246 shares of the information technology services provider’s stock worth $11,670,000 after acquiring an additional 198,604 shares during the period.

Sabre (NASDAQ:SABR) traded down $0.96 during trading hours on Thursday, hitting $18.42. The stock had a trading volume of 4,631,356 shares, compared to its average volume of 2,276,591. The firm has a market capitalization of $5,279.33, a price-to-earnings ratio of 27.49, a P/E/G ratio of 4.56 and a beta of 0.72. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89. Sabre has a 1-year low of $17.30 and a 1-year high of $25.01.

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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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