Sabre Corp (SABR) Expected to Announce Earnings of $0.31 Per Share

Equities analysts expect Sabre Corp (NASDAQ:SABR) to post earnings of $0.31 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Sabre Corp’s earnings. Sabre Corp posted earnings of $0.37 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 16.2%. The firm is expected to issue its next earnings report before the market opens on Tuesday, May 2nd.

According to Zacks, analysts expect that Sabre Corp will report full year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.21. For the next year, analysts expect that the company will post earnings of $1.31 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Sabre Corp.

Sabre Corp (NASDAQ:SABR) last issued its earnings results on Tuesday, February 7th. The information technology services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The company had revenue of $829.60 million for the quarter, compared to analyst estimates of $828.45 million. Sabre Corp had a return on equity of 41.47% and a net margin of 7.19%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share.

A number of research firms have issued reports on SABR. TheStreet raised shares of Sabre Corp from a “c” rating to a “b-” rating in a research note on Monday. Zacks Investment Research lowered shares of Sabre Corp from a “buy” rating to a “strong sell” rating in a research note on Tuesday, February 14th. Mizuho reduced their target price on shares of Sabre Corp from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, February 8th. Morgan Stanley lowered shares of Sabre Corp from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $26.00 to $24.00 in a research note on Thursday, April 6th. Finally, Bank of America Corp lowered shares of Sabre Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.29.

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Shares of Sabre Corp (NASDAQ:SABR) traded up 2.81% on Monday, hitting $23.05. The stock had a trading volume of 5,121,573 shares. The stock has a market cap of $6.39 billion, a PE ratio of 26.80 and a beta of 0.85. The company’s 50 day moving average is $21.55 and its 200 day moving average is $24.02. Sabre Corp has a one year low of $20.09 and a one year high of $29.76.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Tuesday, March 21st were paid a $0.14 dividend. This is a positive change from Sabre Corp’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Friday, March 17th. Sabre Corp’s dividend payout ratio is currently 61.18%.

In other news, insider Deborah Kerr sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $22.09, for a total value of $3,313,500.00. Following the completion of the sale, the insider now directly owns 184,233 shares of the company’s stock, valued at approximately $4,069,706.97. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard A. Simonson sold 65,373 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $21.58, for a total transaction of $1,410,749.34. Following the completion of the sale, the insider now directly owns 200,065 shares of the company’s stock, valued at $4,317,402.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,308 shares of company stock valued at $7,483,972. Company insiders own 1.80% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Mercer Capital Advisers Inc. bought a new stake in shares of Sabre Corp during the third quarter worth $134,000. Daiwa Securities Group Inc. raised its stake in shares of Sabre Corp by 10.9% in the third quarter. Daiwa Securities Group Inc. now owns 5,100 shares of the information technology services provider’s stock worth $144,000 after buying an additional 500 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Sabre Corp by 430.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,300 shares of the information technology services provider’s stock worth $149,000 after buying an additional 4,300 shares in the last quarter. WFG Advisors LP raised its stake in shares of Sabre Corp by 449,200.0% in the fourth quarter. WFG Advisors LP now owns 8,986 shares of the information technology services provider’s stock worth $216,000 after buying an additional 8,984 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Sabre Corp during the fourth quarter worth $217,000.

About Sabre Corp

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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