Analysts Expect Sabre Corp (SABR) Will Announce Earnings of $0.21 Per Share

Equities analysts forecast that Sabre Corp (NASDAQ:SABR) will post earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sabre’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.17. Sabre reported earnings of $0.37 per share during the same quarter last year, which would suggest a negative year over year growth rate of 43.2%. The firm is expected to issue its next earnings report on Tuesday, July 30th.

On average, analysts expect that Sabre will report full-year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.93 to $1.02. For the next fiscal year, analysts forecast that the business will report earnings of $1.24 per share, with EPS estimates ranging from $1.18 to $1.29. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Sabre.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Sabre had a return on equity of 39.46% and a net margin of 7.80%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis.

A number of research analysts recently commented on the company. Sanford C. Bernstein cut Sabre from an “outperform” rating to a “market perform” rating in a report on Thursday, February 14th. BidaskClub upgraded Sabre from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Zacks Investment Research cut Sabre from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Oppenheimer decreased their price objective on Sabre from $28.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Imperial Capital decreased their price objective on Sabre from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.39.

SABR traded up $0.04 during trading hours on Friday, reaching $19.76. The company’s stock had a trading volume of 1,132,114 shares, compared to its average volume of 2,104,264. Sabre has a fifty-two week low of $19.41 and a fifty-two week high of $26.78. The stock has a market capitalization of $5.43 billion, a PE ratio of 13.92, a P/E/G ratio of 5.51 and a beta of 0.78. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.08 and a current ratio of 1.08.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, June 20th. Sabre’s dividend payout ratio (DPR) is 39.44%.

In other Sabre news, EVP David J. Shirk sold 9,447 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.51, for a total transaction of $203,204.97. Following the transaction, the executive vice president now directly owns 123,891 shares in the company, valued at $2,664,895.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard A. Simonson sold 6,047 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $22.17, for a total value of $134,061.99. Following the transaction, the insider now owns 286,503 shares in the company, valued at $6,351,771.51. The disclosure for this sale can be found here. Insiders have sold 74,371 shares of company stock worth $1,586,637 over the last 90 days. 0.69% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in Sabre by 229.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,052,359 shares of the information technology services provider’s stock valued at $53,525,000 after purchasing an additional 1,429,316 shares during the period. Teachers Advisors LLC increased its position in Sabre by 1.4% during the 3rd quarter. Teachers Advisors LLC now owns 1,006,199 shares of the information technology services provider’s stock valued at $26,242,000 after purchasing an additional 13,766 shares during the period. TIAA CREF Investment Management LLC increased its position in Sabre by 34.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,175,294 shares of the information technology services provider’s stock valued at $56,732,000 after purchasing an additional 558,978 shares during the period. Vanguard Group Inc boosted its holdings in shares of Sabre by 18.2% during the 3rd quarter. Vanguard Group Inc now owns 23,878,873 shares of the information technology services provider’s stock worth $622,761,000 after buying an additional 3,669,394 shares in the last quarter. Finally, BKD Wealth Advisors LLC bought a new position in shares of Sabre during the 4th quarter worth approximately $217,000. Institutional investors own 94.81% of the company’s stock.

Sabre Company Profile

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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Earnings History and Estimates for Sabre (NASDAQ:SABR)

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