Sabre Corporation (SABR) Expected to Announce Earnings of $0.27 Per Share

Analysts expect that Sabre Corporation (NASDAQ:SABR) will announce earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Sabre Corporation’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.31. Sabre Corporation also reported earnings per share of $0.27 during the same quarter last year. The company is expected to issue its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Sabre Corporation will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.40. For the next fiscal year, analysts forecast that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.24 to $1.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Sabre Corporation.

Sabre Corporation (NASDAQ:SABR) last announced its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. Sabre Corporation had a return on equity of 53.97% and a net margin of 5.22%. The business had revenue of $900.60 million for the quarter, compared to analyst estimates of $884.04 million. During the same period in the previous year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year.

A number of analysts have recently issued reports on SABR shares. Zacks Investment Research raised Sabre Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $24.00 target price (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Cowen and Company set a $23.00 price objective on Sabre Corporation and gave the company a “buy” rating in a report on Thursday, October 12th. Deutsche Bank AG reissued a “buy” rating and issued a $22.00 price objective (down from $25.00) on shares of Sabre Corporation in a report on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) lowered Sabre Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $20.00 in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.63.

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in Sabre Corporation in the second quarter valued at approximately $27,613,000. State of Wisconsin Investment Board boosted its stake in Sabre Corporation by 6.8% in the second quarter. State of Wisconsin Investment Board now owns 141,320 shares of the information technology services provider’s stock valued at $3,077,000 after acquiring an additional 9,020 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Sabre Corporation by 4.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 208,410 shares of the information technology services provider’s stock valued at $4,537,000 after acquiring an additional 9,310 shares during the period. Northern Trust Corp boosted its stake in Sabre Corporation by 67.5% in the second quarter. Northern Trust Corp now owns 2,005,364 shares of the information technology services provider’s stock valued at $43,657,000 after acquiring an additional 808,017 shares during the period. Finally, Cadence Capital Management LLC boosted its stake in Sabre Corporation by 22.0% in the second quarter. Cadence Capital Management LLC now owns 28,868 shares of the information technology services provider’s stock valued at $628,000 after acquiring an additional 5,201 shares during the period.

Shares of Sabre Corporation (SABR) opened at $19.06 on Tuesday. Sabre Corporation has a 52-week low of $17.30 and a 52-week high of $27.35. The stock has a market capitalization of $5,202.38, a PE ratio of 15.02, a PEG ratio of 4.57 and a beta of 0.76. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.94%. The ex-dividend date is Wednesday, December 20th. Sabre Corporation’s dividend payout ratio is currently 83.58%.

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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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Earnings History and Estimates for Sabre Corporation (NASDAQ:SABR)

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