Sabre (NASDAQ:SABR) Announces Quarterly Earnings Results

Sabre (NASDAQ:SABR) announced its earnings results on Thursday. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03), Zacks reports.

Sabre Stock Performance

SABR stock traded up $0.51 during midday trading on Thursday, reaching $3.90. The stock had a trading volume of 6,751,951 shares, compared to its average volume of 3,261,590. The stock has a market cap of $1.50 billion, a PE ratio of -4.94, a P/E/G ratio of 2.06 and a beta of 1.79. The firm has a fifty day simple moving average of $3.52 and a two-hundred day simple moving average of $3.44. Sabre has a 52-week low of $1.81 and a 52-week high of $4.30.

Analysts Set New Price Targets

Several brokerages have recently commented on SABR. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 price objective (down previously from $5.00) on shares of Sabre in a report on Tuesday, January 7th. Finally, StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.25.

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.