Sabre (NASDAQ:SABR) announced its quarterly earnings data on Wednesday. The information technology services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10, Bloomberg Earnings reports. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The company had revenue of $881.90 million during the quarter, compared to analyst estimates of $863.54 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Sabre updated its FY18 guidance to $1.34-1.48 EPS.
Sabre (NASDAQ SABR) traded up $1.12 during midday trading on Thursday, reaching $22.69. 3,705,222 shares of the company’s stock were exchanged, compared to its average volume of 2,455,531. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.29. The stock has a market cap of $5,257.34, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 4.59 and a beta of 0.72. Sabre has a 1-year low of $17.30 and a 1-year high of $25.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, March 20th. Sabre’s dividend payout ratio (DPR) is 83.58%.
SABR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Evercore ISI downgraded shares of Sabre from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. TheStreet raised shares of Sabre from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Oppenheimer reissued a “buy” rating and set a $24.00 target price on shares of Sabre in a research report on Wednesday, November 1st. Finally, Mizuho reissued a “buy” rating and set a $25.00 target price on shares of Sabre in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Sabre currently has an average rating of “Hold” and a consensus target price of $22.67.
Sabre Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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