Zacks: Brokerages Expect Sabre Co. (NASDAQ:SABR) to Announce -$0.56 EPS


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Equities research analysts predict that Sabre Co. (NASDAQ:SABR) will post ($0.56) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sabre’s earnings, with the lowest EPS estimate coming in at ($0.67) and the highest estimate coming in at ($0.47). Sabre reported earnings of ($0.29) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 93.1%. The business is scheduled to announce its next quarterly earnings report on Friday, May 14th.

According to Zacks, analysts expect that Sabre will report full-year earnings of ($1.26) per share for the current fiscal year, with EPS estimates ranging from ($1.70) to ($0.99). For the next financial year, analysts anticipate that the business will post earnings of $0.35 per share, with EPS estimates ranging from $0.18 to $0.51. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Sabre.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Monday, February 15th. The information technology services provider reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by ($0.11). The firm had revenue of $313.71 million for the quarter, compared to analysts’ expectations of $302.94 million. Sabre had a negative net margin of 48.78% and a negative return on equity of 105.75%.

SABR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Sabre from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, February 25th. Zacks Investment Research raised shares of Sabre from a “sell” rating to a “hold” rating and set a $13.00 price target for the company in a research report on Thursday, January 14th. Mizuho lifted their price target on shares of Sabre from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Morgan Stanley restated an “equal weight” rating and set a $18.00 price objective on shares of Sabre in a research note on Monday, March 22nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Sabre currently has a consensus rating of “Hold” and a consensus target price of $13.50.

SABR traded up $0.30 during trading on Wednesday, hitting $15.29. 350,145 shares of the stock traded hands, compared to its average volume of 7,905,093. The firm has a market capitalization of $4.85 billion, a P/E ratio of -4.37 and a beta of 2.18. The company has a debt-to-equity ratio of 7.23, a current ratio of 3.03 and a quick ratio of 3.03. The firm has a 50-day moving average of $15.30 and a 200 day moving average of $11.59. Sabre has a 12-month low of $5.32 and a 12-month high of $16.88.

In related news, EVP David J. Shirk sold 31,712 shares of Sabre stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of $14.32, for a total value of $454,115.84. Also, CEO Sean E. Menke sold 25,338 shares of Sabre stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $14.88, for a total value of $377,029.44. Following the completion of the sale, the chief executive officer now owns 1,158,932 shares of the company’s stock, valued at $17,244,908.16. The disclosure for this sale can be found here. Insiders have sold 139,120 shares of company stock worth $2,090,099 in the last ninety days. Insiders own 0.73% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. grew its stake in shares of Sabre by 10.6% during the third quarter. UBS Asset Management Americas Inc. now owns 603,945 shares of the information technology services provider’s stock worth $3,932,000 after acquiring an additional 58,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Sabre by 20.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,758,842 shares of the information technology services provider’s stock worth $11,451,000 after acquiring an additional 300,451 shares during the last quarter. ProShare Advisors LLC boosted its position in Sabre by 9.4% in the third quarter. ProShare Advisors LLC now owns 21,082 shares of the information technology services provider’s stock valued at $137,000 after buying an additional 1,806 shares during the last quarter. Morgan Stanley boosted its position in Sabre by 113.2% in the third quarter. Morgan Stanley now owns 460,709 shares of the information technology services provider’s stock valued at $3,000,000 after buying an additional 244,582 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Sabre by 2.5% in the third quarter. California State Teachers Retirement System now owns 489,935 shares of the information technology services provider’s stock valued at $3,189,000 after buying an additional 12,086 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions 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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