Analysts Expect Sabre Corp (SABR) to Announce $0.31 EPS

Equities analysts expect Sabre Corp (NASDAQ:SABR) to post $0.31 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Sabre’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.27. Sabre reported earnings of $0.44 per share during the same quarter last year, which suggests a negative year over year growth rate of 29.5%. The business is expected to report its next quarterly earnings report on Tuesday, May 7th.

On average, analysts expect that Sabre will report full-year earnings of $1.06 per share for the current year, with EPS estimates ranging from $1.02 to $1.10. For the next fiscal year, analysts forecast that the firm will post earnings of $1.38 per share, with EPS estimates ranging from $1.25 to $1.51. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Sabre.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business had revenue of $923.90 million for the quarter, compared to the consensus estimate of $930.19 million. Sabre had a net margin of 8.73% and a return on equity of 43.59%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS.

SABR has been the topic of several research reports. BidaskClub upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Zacks Investment Research downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Berenberg Bank assumed coverage on shares of Sabre in a research report on Monday, January 14th. They set a “sell” rating and a $18.00 target price on the stock. Bank of America downgraded shares of Sabre from a “buy” rating to a “neutral” rating in a research report on Friday, January 4th. Finally, Sanford C. Bernstein downgraded shares of Sabre from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.00.

NASDAQ SABR traded down $0.02 on Wednesday, hitting $21.86. 1,385,498 shares of the company were exchanged, compared to its average volume of 1,997,068. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 3.78 and a beta of 0.81. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 3.43. Sabre has a 1-year low of $19.79 and a 1-year high of $26.78.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.56%. Sabre’s payout ratio is presently 39.44%.

In other news, insider Richard A. Simonson sold 58,877 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $21.22, for a total value of $1,249,369.94. Following the completion of the sale, the insider now directly owns 339,333 shares of the company’s stock, valued at approximately $7,200,646.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Karl Mr. Peterson purchased 10,000 shares of the stock in a transaction dated Tuesday, February 19th. The stock was bought at an average cost of $22.40 per share, with a total value of $224,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 226,970 shares of company stock worth $4,972,930. Corporate insiders own 0.69% of the company’s stock.

Several hedge funds have recently made changes to their positions in SABR. Russell Investments Group Ltd. increased its stake in shares of Sabre by 49.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,435 shares of the information technology services provider’s stock valued at $246,000 after acquiring an additional 3,107 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Sabre by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,658,127 shares of the information technology services provider’s stock valued at $95,405,000 after acquiring an additional 22,179 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Sabre by 356.1% in the 3rd quarter. Martingale Asset Management L P now owns 751,669 shares of the information technology services provider’s stock valued at $19,605,000 after acquiring an additional 586,874 shares during the last quarter. FMR LLC increased its stake in shares of Sabre by 23.2% in the 3rd quarter. FMR LLC now owns 449,885 shares of the information technology services provider’s stock valued at $11,733,000 after acquiring an additional 84,829 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Sabre by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,066,418 shares of the information technology services provider’s stock valued at $53,894,000 after acquiring an additional 100,659 shares during the last quarter. 94.14% of the stock is owned by institutional investors.

About Sabre

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, 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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