Zacks: Analysts Expect Sabre Co. (NASDAQ:SABR) to Announce -$0.56 Earnings Per Share

Brokerages forecast that Sabre Co. (NASDAQ:SABR) will post ($0.56) earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Sabre’s earnings, with estimates ranging from ($0.67) to ($0.47). Sabre reported earnings per share of ($0.29) during the same quarter last year, which indicates a negative year-over-year growth rate of 93.1%. The company is scheduled to report its next quarterly earnings results on Friday, May 14th.

On average, analysts expect that Sabre will report full year earnings of ($1.26) per share for the current year, with EPS estimates ranging from ($1.70) to ($0.99). For the next fiscal year, analysts forecast that the company will post earnings of $0.35 per share, with EPS estimates ranging from $0.18 to $0.51. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Sabre.

Sabre (NASDAQ:SABR) last announced its earnings results on Monday, February 15th. The information technology services provider reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.11). Sabre had a negative return on equity of 105.75% and a negative net margin of 48.78%. The firm had revenue of $313.71 million during the quarter, compared to the consensus estimate of $302.94 million.

A number of research firms recently weighed in on SABR. Mizuho raised their price objective on Sabre from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, April 16th. Deutsche Bank Aktiengesellschaft raised Sabre from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, February 25th. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating and set a $13.00 price objective for the company in a research report on Thursday, January 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective on shares of Sabre in a research report on Monday, March 22nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.50.

Shares of NASDAQ:SABR traded up $0.81 during trading on Wednesday, hitting $15.21. The stock had a trading volume of 7,649,801 shares, compared to its average volume of 8,040,069. Sabre has a 12 month low of $5.32 and a 12 month high of $16.88. The company has a market capitalization of $4.83 billion, a PE ratio of -4.42 and a beta of 2.18. The firm’s fifty day moving average is $15.35 and its 200 day moving average is $11.76. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 7.23.

In other news, CEO Sean E. Menke sold 25,338 shares of the firm’s stock in a transaction on Monday, April 12th. The stock was sold at an average price of $14.88, for a total value of $377,029.44. Following the transaction, the chief executive officer now directly owns 1,158,932 shares in the company, valued at approximately $17,244,908.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David J. Shirk sold 82,070 shares of the firm’s stock in a transaction on Friday, April 9th. The stock was sold at an average price of $15.34, for a total value of $1,258,953.80. Following the completion of the transaction, the executive vice president now owns 339,251 shares in the company, valued at $5,204,110.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,120 shares of company stock worth $2,090,099. Company insiders own 0.73% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Apollo Management Holdings L.P. purchased a new position in shares of Sabre in the 3rd quarter worth $102,138,000. King Street Capital Management L.P. lifted its position in Sabre by 650.0% during the third quarter. King Street Capital Management L.P. now owns 15,000,000 shares of the information technology services provider’s stock valued at $97,650,000 after purchasing an additional 13,000,000 shares in the last quarter. Fundsmith LLP lifted its position in Sabre by 34.1% during the fourth quarter. Fundsmith LLP now owns 13,615,381 shares of the information technology services provider’s stock valued at $163,657,000 after purchasing an additional 3,458,939 shares in the last quarter. Perry Creek Capital LP purchased a new position in Sabre during the fourth quarter valued at $86,839,000. Finally, Nuveen Asset Management LLC lifted its position in Sabre by 5.5% during the fourth quarter. Nuveen Asset Management LLC now owns 5,081,685 shares of the information technology services provider’s stock valued at $61,081,000 after purchasing an additional 267,000 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Sabre

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions 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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