Sabre Corp (SABR) Expected to Post Earnings of $0.34 Per Share

Share on StockTwits

Wall Street analysts expect that Sabre Corp (NASDAQ:SABR) will announce $0.34 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sabre’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.33. Sabre reported earnings per share of $0.31 in the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that Sabre will report full-year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.51. For the next fiscal year, analysts forecast that the firm will post earnings of $1.63 per share, with EPS estimates ranging from $1.55 to $1.66. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sabre.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Sabre had a net margin of 9.41% and a return on equity of 47.59%. The company had revenue of $970.28 million for the quarter, compared to analyst estimates of $944.97 million. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis.

Several equities research analysts have commented on the stock. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Saturday, July 21st. Imperial Capital reaffirmed a “buy” rating and issued a $31.00 price target on shares of Sabre in a report on Wednesday, August 1st. ValuEngine lowered shares of Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Cowen set a $30.00 price target on shares of Sabre and gave the company a “buy” rating in a report on Thursday, July 19th. Finally, Morgan Stanley upped their price target on shares of Sabre from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.57.

In other news, insider Group Holdings (Sbs) Advis Tpg sold 10,186,246 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $24.72, for a total transaction of $251,804,001.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Judy C. Odom sold 10,000 shares of the stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $24.78, for a total transaction of $247,800.00. Following the sale, the director now directly owns 41,039 shares in the company, valued at $1,016,946.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,427,216 shares of company stock worth $406,162,833. Corporate insiders own 0.67% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. First Hawaiian Bank acquired a new position in shares of Sabre during the 3rd quarter worth about $122,000. Russell Investments Group Ltd. acquired a new position in shares of Sabre during the 2nd quarter worth about $156,000. Cerebellum GP LLC acquired a new position in shares of Sabre during the 3rd quarter worth about $185,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Sabre during the 2nd quarter worth about $209,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Sabre during the 2nd quarter worth about $217,000.

NASDAQ:SABR traded up $1.40 during mid-day trading on Tuesday, hitting $24.26. The company’s stock had a trading volume of 4,801,110 shares, compared to its average volume of 2,451,891. Sabre has a 1 year low of $17.91 and a 1 year high of $26.78. 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 firm has a market cap of $6.36 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.46 and a beta of 0.67.

Sabre Company Profile

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.

Featured Story: Marijuana Stocks Future Looks Bright

Get a free copy of the Zacks research report on Sabre (SABR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Sabre (NASDAQ:SABR)

Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply