Wall Street brokerages predict that Sabre Corp (NASDAQ:SABR) will report earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Sabre’s earnings, with estimates ranging from $0.33 to $0.36. Sabre posted earnings per share of $0.31 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The company is scheduled to issue its next earnings results on Tuesday, October 30th.
According to Zacks, analysts expect that Sabre will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.45 to $1.51. For the next year, analysts expect that the company will post earnings of $1.62 per share, with EPS estimates ranging from $1.55 to $1.66. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Sabre.
Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The firm had revenue of $984.38 million during the quarter, compared to analysts’ expectations of $946.40 million. Sabre had a net margin of 9.41% and a return on equity of 47.59%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS.
A number of equities analysts recently weighed in on SABR shares. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 15th. BidaskClub raised shares of Sabre from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. Deutsche Bank increased their price objective on shares of Sabre from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 6th. ValuEngine raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, Cowen set a $30.00 price objective on shares of Sabre and gave the stock a “buy” rating in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Sabre has a consensus rating of “Buy” and a consensus target price of $26.63.
In other Sabre news, insider David J. Shirk sold 11,899 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $26.02, for a total value of $309,611.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lake Group L.L.C. Silver sold 6,155,616 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $24.72, for a total transaction of $152,166,827.52. The disclosure for this sale can be found here. Insiders sold a total of 16,368,761 shares of company stock valued at $404,655,441 in the last three months. 0.67% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of SABR. Burgundy Asset Management Ltd. raised its holdings in shares of Sabre by 29.6% in the 1st quarter. Burgundy Asset Management Ltd. now owns 18,117,265 shares of the information technology services provider’s stock valued at $388,615,000 after purchasing an additional 4,140,997 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Sabre by 240.3% in the 2nd quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock valued at $111,676,000 after purchasing an additional 3,200,652 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Sabre by 14.4% in the 2nd quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock valued at $556,651,000 after purchasing an additional 2,842,554 shares in the last quarter. Sound Shore Management Inc. CT raised its holdings in shares of Sabre by 45.4% in the 1st quarter. Sound Shore Management Inc. CT now owns 8,307,383 shares of the information technology services provider’s stock valued at $178,193,000 after purchasing an additional 2,592,886 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Sabre by 2,182.7% in the 2nd quarter. First Trust Advisors LP now owns 1,303,900 shares of the information technology services provider’s stock valued at $32,128,000 after purchasing an additional 1,246,779 shares in the last quarter. 99.83% of the stock is owned by institutional investors.
Shares of NASDAQ:SABR traded down $0.15 during mid-day trading on Monday, reaching $25.57. 32,415 shares of the company were exchanged, compared to its average volume of 2,505,230. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $7.18 billion, a P/E ratio of 19.72, a PEG ratio of 2.78 and a beta of 0.67. Sabre has a 1 year low of $17.49 and a 1 year high of $26.78.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 21st will be given a $0.14 dividend. The ex-dividend date is Thursday, September 20th. This represents a $0.56 annualized dividend and a yield of 2.19%. Sabre’s dividend payout ratio is presently 43.08%.
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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