Wall Street analysts forecast that Sabre Co. (NASDAQ:SABR) will announce earnings of $0.40 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sabre’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.37. Sabre reported earnings per share of $0.42 during the same quarter last year, which would suggest a negative year over year growth rate of 4.8%. The firm is scheduled to report its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Sabre will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.39 to $1.44. For the next financial year, analysts forecast that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.51 to $1.75. Zacks’ EPS averages are an average based on a survey of analysts that cover Sabre.
Sabre (NASDAQ:SABR) last posted its earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.10. Sabre had a net margin of 6.74% and a return on equity of 53.65%. The company had revenue of $881.90 million for the quarter, compared to analyst estimates of $863.54 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year.
SABR has been the topic of a number of analyst reports. BidaskClub upgraded shares of Sabre from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Zacks Investment Research upgraded shares of Sabre from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, March 2nd. Evercore ISI lowered shares of Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. Deutsche Bank upped their price objective on shares of Sabre from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Mizuho reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Sabre in a research report on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.75.
In other Sabre news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $22.27, for a total value of $197,526,949.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB grew its position in Sabre by 7.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 33,296 shares of the information technology services provider’s stock worth $683,000 after purchasing an additional 2,299 shares in the last quarter. Meadow Creek Investment Management LLC grew its position in shares of Sabre by 25.6% during the 4th quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock valued at $254,000 after acquiring an additional 2,528 shares during the period. Swiss National Bank grew its position in shares of Sabre by 0.4% during the 4th quarter. Swiss National Bank now owns 769,600 shares of the information technology services provider’s stock valued at $15,777,000 after acquiring an additional 2,900 shares during the period. IFG Advisory LLC bought a new position in shares of Sabre during the 4th quarter valued at approximately $321,000. Finally, Toronto Dominion Bank grew its position in shares of Sabre by 39.8% during the 4th quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock valued at $253,000 after acquiring an additional 3,509 shares during the period.
Shares of SABR traded down $0.48 on Friday, reaching $20.25. The company’s stock had a trading volume of 1,997,029 shares, compared to its average volume of 2,850,747. The company has a debt-to-equity ratio of 4.87, a current ratio of 0.99 and a quick ratio of 0.99. Sabre has a twelve month low of $17.30 and a twelve month high of $25.01. The firm has a market capitalization of $5,692.69, a PE ratio of 15.58, a P/E/G ratio of 2.32 and a beta of 0.60.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Tuesday, March 20th. Sabre’s payout ratio is 43.08%.
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Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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