$0.34 EPS Expected for Sabre Corp (SABR) This Quarter

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Equities analysts expect Sabre Corp (NASDAQ:SABR) to announce earnings per share (EPS) of $0.34 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Sabre’s earnings, with estimates ranging from $0.33 to $0.36. Sabre posted earnings per share of $0.31 in the same quarter last year, which indicates a positive year over year growth rate of 9.7%. The firm is expected 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 financial year, with EPS estimates ranging from $1.45 to $1.51. For the next fiscal year, analysts forecast that the company will post earnings of $1.62 per share, with EPS estimates ranging from $1.55 to $1.66. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sabre.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Sabre had a net margin of 9.41% and a return on equity of 47.59%. The company had revenue of $984.38 million during the quarter, compared to the consensus estimate of $946.40 million. During the same quarter last year, the company earned $0.35 earnings per share. Sabre’s revenue for the quarter was up 9.3% on a year-over-year basis.

SABR has been the subject of several recent research reports. BidaskClub downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Zacks Investment Research downgraded shares of Sabre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Cowen set a $30.00 price target on shares of Sabre and gave the stock a “buy” rating in a research report on Thursday, July 19th. Morgan Stanley raised their price target on shares of Sabre from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. Finally, Deutsche Bank raised their price target 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.63.

In other news, insider Group Holdings (Sbs) Advis Tpg sold 10,186,246 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 $251,804,001.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence W. Kellner sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $25.00, for a total transaction of $375,000.00. Following the sale, the director now directly owns 229,219 shares of the company’s stock, valued at approximately $5,730,475. The disclosure for this sale can be found here. Insiders have sold 16,368,761 shares of company stock valued at $404,655,441 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Institutional & Family Asset Management LLC bought a new position in Sabre during the first quarter worth $107,000. Quantbot Technologies LP bought a new position in Sabre during the first quarter worth $149,000. Russell Investments Group Ltd. bought a new position in Sabre during the second quarter worth $156,000. Wilbanks Smith & Thomas Asset Management LLC bought a new position in Sabre during the second quarter worth $209,000. Finally, Janney Montgomery Scott LLC bought a new position in Sabre during the second quarter worth $217,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

NASDAQ:SABR traded down $0.04 during trading hours on Monday, hitting $25.59. The stock had a trading volume of 1,346,439 shares, compared to its average volume of 2,010,568. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 3.83. Sabre has a 1-year low of $17.49 and a 1-year high of $26.78. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, September 20th. Sabre’s payout ratio is currently 43.08%.

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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

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Earnings History and Estimates for Sabre (NASDAQ:SABR)

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