Media coverage about Sabre Corporation (NASDAQ:SABR) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sabre Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the information technology services provider an impact score of 38 out of 100, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Top Stock Picks for the Day: Sabre Corporation (SABR), Freeport-McMoRan Inc. (FCX) – AllStockNews (allstocknews.com)
- Sabre Corporation (NASDAQ:SABR) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- Columbia Partners LLC Investment Management Reduces Position in Activision Blizzard, Inc (ATVI) (nolopodrasdejardever.com)
- Hard Rock, Loews Hotels Among Sabre Corp Hospitality Breach Victims (threatpost.com)
- Sabre (SABR) Says Probe Into Cyber Attack Has Completed, Says Breach Was Limited To Subset of Hotel Reservations Through SHS System (streetinsider.com)
Shares of Sabre Corporation (SABR) traded up 0.89% during midday trading on Friday, hitting $21.43. 2,663,431 shares of the stock traded hands. The firm has a market capitalization of $5.96 billion, a PE ratio of 28.57 and a beta of 0.71. The company’s 50-day moving average is $22.82 and its 200 day moving average is $23.10. Sabre Corporation has a 52 week low of $20.09 and a 52 week high of $29.63.
Sabre Corporation (NASDAQ:SABR) last released its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The company had revenue of $915.35 million during the quarter, compared to analysts’ expectations of $897.62 million. Sabre Corporation had a net margin of 6.22% and a return on equity of 43.18%. Sabre Corporation’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. Analysts anticipate that Sabre Corporation will post $1.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 21st were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Monday, June 19th. Sabre Corporation’s payout ratio is 74.67%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Friday, June 9th. Morgan Stanley cut Sabre Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $26.00 to $24.00 in a report on Thursday, April 6th. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday. Deutsche Bank AG boosted their price target on Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Finally, TheStreet upgraded Sabre Corporation from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.86.
In related news, insider Richard A. Simonson sold 12,549 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $22.15, for a total value of $277,960.35. Following the completion of the sale, the insider now owns 187,516 shares of the company’s stock, valued at approximately $4,153,479.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard A. Simonson sold 142,119 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $23.24, for a total transaction of $3,302,845.56. Following the sale, the insider now directly owns 333,016 shares of the company’s stock, valued at approximately $7,739,291.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 293,666 shares of company stock valued at $6,967,257. Company insiders own 1.80% of the company’s stock.
About Sabre Corporation
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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