Sabre Co. (SABR) Expected to Post Earnings of $0.35 Per Share

Analysts expect Sabre Co. (NASDAQ:SABR) to post earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Sabre’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.32. Sabre also posted earnings of $0.35 per share during the same quarter last year. The business is expected to report its next quarterly earnings report on Tuesday, August 7th.

According to Zacks, analysts expect that Sabre will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.42 to $1.50. For the next financial year, analysts forecast that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.51 to $1.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Sabre.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, May 1st. The information technology services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08. Sabre had a return on equity of 49.84% and a net margin of 6.93%. The firm had revenue of $988.37 million during the quarter, compared to the consensus estimate of $942.68 million. During the same period last year, the company earned $0.42 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis.

Several equities analysts have recently weighed in on SABR shares. Mizuho restated a “buy” rating and set a $25.00 price target on shares of Sabre in a report on Thursday, January 25th. Zacks Investment Research downgraded Sabre from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub upgraded Sabre from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Deutsche Bank raised their price target on Sabre from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Cowen restated a “buy” rating and set a $27.00 price target on shares of Sabre in a report on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.80.

Shares of Sabre opened at $23.85 on Tuesday, Marketbeat.com reports. Sabre has a 1-year low of $17.30 and a 1-year high of $25.00. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00. The firm has a market cap of $6.49 billion, a PE ratio of 18.35, a P/E/G ratio of 2.53 and a beta of 0.60.

In related news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of Sabre stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $22.27, for a total value of $197,526,949.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SABR. Dimensional Fund Advisors LP increased its holdings in Sabre by 44.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,065,820 shares of the information technology services provider’s stock worth $19,293,000 after buying an additional 328,454 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Sabre by 0.5% during the 4th quarter. Bank of Montreal Can now owns 855,127 shares of the information technology services provider’s stock valued at $17,530,000 after purchasing an additional 3,930 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Sabre by 9.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 862,978 shares of the information technology services provider’s stock valued at $17,692,000 after purchasing an additional 70,983 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Sabre during the 4th quarter valued at about $358,000. Finally, James Investment Research Inc. bought a new stake in shares of Sabre during the 4th quarter valued at about $1,816,000.

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.

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Earnings History and Estimates for Sabre (NASDAQ:SABR)

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