Sabre Corporation (NASDAQ:SABR) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Sabre Corporation has set its FY17 guidance at $1.31-1.45 EPS.
Sabre Corporation (NASDAQ:SABR) last released its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The firm had revenue of $915.35 million during the quarter, compared to the consensus estimate of $897.62 million. Sabre Corporation had a return on equity of 43.18% and a net margin of 6.22%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, analysts expect Sabre Corporation to post $1.25 EPS for the current fiscal year and $1.36 EPS for the next fiscal year.
Shares of Sabre Corporation (NASDAQ:SABR) opened at 21.81 on Friday. Sabre Corporation has a 52-week low of $20.09 and a 52-week high of $29.58. The firm has a 50-day moving average price of $22.08 and a 200-day moving average price of $22.62. The firm has a market capitalization of $6.07 billion, a P/E ratio of 29.08 and a beta of 0.71.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is currently 74.67%.
A number of analysts recently weighed in on SABR shares. TheStreet raised shares of Sabre Corporation from a “c” rating to a “b-” rating in a report on Monday, April 17th. Deutsche Bank AG raised their price target on shares of Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Zacks Investment Research raised shares of Sabre Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, April 13th. BidaskClub lowered shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, Morgan Stanley lowered shares of Sabre Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $26.00 to $24.00 in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $28.86.
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In other Sabre Corporation news, insider Richard A. Simonson sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $24.43, for a total value of $879,480.00. Following the transaction, the insider now directly owns 231,103 shares of the company’s stock, valued at $5,645,846.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Hugh W. Jones sold 102,998 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $24.34, for a total transaction of $2,506,971.32. Following the completion of the transaction, the insider now directly owns 139,852 shares in the company, valued at $3,403,997.68. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.
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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