Zacks: Brokerages Expect Sabre Corp (SABR) to Announce $0.35 Earnings Per Share

Wall Street analysts expect Sabre Corp (NASDAQ:SABR) to report $0.35 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Sabre’s earnings, with estimates ranging from $0.32 to $0.37. Sabre also reported earnings of $0.35 per share in the same quarter last year. The firm is expected to issue its next earnings results on Tuesday, August 7th.

According to Zacks, analysts expect that Sabre will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.51. For the next year, analysts forecast that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.51 to $1.67. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sabre.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, May 1st. The information technology services provider reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.08. Sabre had a return on equity of 49.84% and a net margin of 6.93%. The firm had revenue of $988.37 million during the quarter, compared to analyst estimates of $942.68 million. During the same period last year, the company posted $0.42 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year.

A number of equities research analysts have commented on the company. BidaskClub upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Wednesday, June 13th. Deutsche Bank raised their price objective on Sabre from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 6th. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 15th. Zacks Investment Research upgraded Sabre from a “sell” rating to a “hold” rating and set a $26.00 price target for the company in a report on Tuesday, May 8th. Finally, Morgan Stanley lifted their price target on Sabre from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Sabre has a consensus rating of “Buy” and an average target price of $25.10.

Sabre traded down $0.57, reaching $25.18, during trading on Monday, according to Marketbeat Ratings. 88,950 shares of the company’s stock were exchanged, compared to its average volume of 3,046,662. Sabre has a fifty-two week low of $17.30 and a fifty-two week high of $26.78. The firm has a market capitalization of $7.07 billion, a PE ratio of 19.40, a PEG ratio of 2.75 and a beta of 0.67. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, June 21st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, June 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.22%. Sabre’s dividend payout ratio is 43.08%.

In related news, insider David J. Shirk sold 11,899 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $26.02, for a total value of $309,611.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Group Holdings (Sbs) Advis Tpg sold 10,841,542 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $24.45, for a total value of $265,075,701.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,873,441 shares of company stock valued at $265,885,530. 0.67% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB raised its stake in shares of Sabre by 7.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 33,296 shares of the information technology services provider’s stock valued at $683,000 after acquiring an additional 2,299 shares in the last quarter. Riverhead Capital Management LLC increased its position in Sabre by 8.9% in the 1st quarter. Riverhead Capital Management LLC now owns 28,180 shares of the information technology services provider’s stock worth $605,000 after buying an additional 2,300 shares during the period. Flinton Capital Management LLC increased its position in Sabre by 8.9% in the 1st quarter. Flinton Capital Management LLC now owns 28,662 shares of the information technology services provider’s stock worth $615,000 after buying an additional 2,346 shares during the period. Meadow Creek Investment Management LLC increased its position in 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 period. Finally, Natixis Advisors L.P. increased its position in Sabre by 10.2% in the 1st quarter. Natixis Advisors L.P. now owns 27,802 shares of the information technology services provider’s stock worth $596,000 after buying an additional 2,565 shares during the period.

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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Earnings History and Estimates for Sabre (NASDAQ:SABR)

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