Zacks Research Research Analysts Decrease Earnings Estimates for Sabre Co. (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) – Analysts at Zacks Research cut their Q1 2024 earnings per share estimates for Sabre in a research note issued on Wednesday, May 1st. Zacks Research analyst R. Department now forecasts that the information technology services provider will post earnings of ($0.10) per share for the quarter, down from their prior estimate of ($0.09). The consensus estimate for Sabre’s current full-year earnings is ($0.21) per share. Zacks Research also issued estimates for Sabre’s Q2 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.19 EPS and Q1 2026 earnings at $0.07 EPS.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $687.05 million during the quarter, compared to analyst estimates of $707.89 million.

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald initiated coverage on shares of Sabre in a report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 target price on the stock. Bank of America reduced their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Mizuho lowered their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.00.

Sabre Stock Up 0.4 %

SABR opened at $2.66 on Monday. Sabre has a 52-week low of $1.81 and a 52-week high of $5.76. The company has a 50 day moving average of $2.47 and a two-hundred day moving average of $3.41. The company has a market cap of $1.02 billion, a P/E ratio of -1.83 and a beta of 1.69.

Insider Buying and Selling at Sabre

In other Sabre news, CFO Michael O. Randolfi acquired 50,000 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $2.98 per share, for a total transaction of $149,000.00. Following the purchase, the chief financial officer now directly owns 587,665 shares in the company, valued at $1,751,241.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sabre

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning lifted its position in shares of Sabre by 0.5% in the 3rd quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock worth $5,758,000 after buying an additional 6,204 shares during the last quarter. Gotham Asset Management LLC bought a new position in Sabre in the third quarter worth about $404,000. Epoch Investment Partners Inc. acquired a new position in Sabre in the third quarter valued at approximately $1,173,000. Swiss National Bank grew its holdings in shares of Sabre by 2.0% during the third quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider’s stock valued at $2,949,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Sabre by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock worth $179,201,000 after purchasing an additional 3,665,465 shares during the period. Institutional investors own 89.42% of the company’s stock.

About Sabre

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates 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.