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.
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.
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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