Sabre (SABR) Issues Earnings Results, Beats Expectations By $0.10 EPS

Sabre (NASDAQ:SABR) announced its quarterly earnings data on Wednesday. The information technology services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10, Bloomberg Earnings reports. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The company had revenue of $881.90 million during the quarter, compared to analyst estimates of $863.54 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Sabre updated its FY18 guidance to $1.34-1.48 EPS.

Sabre (NASDAQ SABR) traded up $1.12 during midday trading on Thursday, reaching $22.69. 3,705,222 shares of the company’s stock were exchanged, compared to its average volume of 2,455,531. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.29. The stock has a market cap of $5,257.34, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 4.59 and a beta of 0.72. Sabre has a 1-year low of $17.30 and a 1-year high of $25.01.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, March 20th. Sabre’s dividend payout ratio (DPR) is 83.58%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Investment Advisory LLC grew its position in shares of Sabre by 58.8% in the 4th quarter. Vident Investment Advisory LLC now owns 35,306 shares of the information technology services provider’s stock worth $723,000 after buying an additional 13,067 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Sabre in the 4th quarter worth approximately $1,189,000. Millennium Management LLC grew its position in shares of Sabre by 19.9% in the 4th quarter. Millennium Management LLC now owns 682,208 shares of the information technology services provider’s stock worth $13,985,000 after buying an additional 113,133 shares during the last quarter. Flinton Capital Management LLC grew its position in shares of Sabre by 25.6% in the 4th quarter. Flinton Capital Management LLC now owns 26,316 shares of the information technology services provider’s stock worth $539,000 after buying an additional 5,372 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its position in shares of Sabre by 25.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock worth $254,000 after buying an additional 2,528 shares during the last quarter.

SABR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Evercore ISI downgraded shares of Sabre from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. TheStreet raised shares of Sabre from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Oppenheimer reissued a “buy” rating and set a $24.00 target price on shares of Sabre in a research report on Wednesday, November 1st. Finally, Mizuho reissued a “buy” rating and set a $25.00 target price on shares of Sabre in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Sabre currently has an average rating of “Hold” and a consensus target price of $22.67.

COPYRIGHT VIOLATION NOTICE: “Sabre (SABR) Issues Earnings Results, Beats Expectations By $0.10 EPS” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/14/sabre-sabr-announces-earnings-results-beats-expectations-by-0-10-eps.html.

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.

Earnings History for Sabre (NASDAQ:SABR)

Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply